NAC639.5937. Bond or other security: Amount required from certain wholesalers; reduction of amount; substitution.

     1. Unless the Board otherwise requires, a wholesaler shall file with the Board a bond or other security in the amount of $25,000 pursuant to NRS 639.515 if the wholesaler is:

     (a) Accredited by the National Association of Boards of Pharmacy under the Verified-Accredited Wholesale Distributors program;

     (b) A manufacturer of prescription drugs; or

     (c) A facility that distributes prescription drugs manufactured by a single manufacturer.

     2. The Board will reduce the bond or other security to the amount of $5,000 if any wholesaler described in subsection 1 has been licensed with the Board for 5 consecutive years or more.

     3. Any bond or other security filed with the Board pursuant to subsection 1 may be substituted by a different bond or other security of equal value. The Board will release the previous bond or other security to the applicant upon receipt of the new bond or security.

     (Added to NAC by Bd. of Pharmacy by R051-07, eff. 12-4-2007)