Nevada Administrative Code (Last Updated: January 6, 2015)

NAC670.050. Annual assessments to cover costs related to performance of audits and examinations.

Latest version.

     1. Except as otherwise provided in NAC 658.030, each licensed development corporation shall pay to the Division of Financial Institutions of the Department of Business and Industry an annual assessment of $300 to cover the costs related to the employment of a certified public accountant and the performance of audits and examinations conducted by the Division of Financial Institutions of the Department of Business and Industry.

     2. The Division of Financial Institutions of the Department of Business and Industry will bill each licensed development corporation for the assessment. The assessment must be paid within 30 days after the date the bill is received.

     3. A charge of 10 percent of the assessment will be imposed on any licensed development corporation whose assessment is received by the Division of Financial Institutions of the Department of Business and Industry after the date on which the assessment is due.

(Added to NAC by Comm’r of Financial Institutions by R109-06, eff. 6-28-2006)

                    
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