Section 467.162 - Surety bond1. A promoter who applies for a license to present a program of unarmed combat may be required to furnish a surety bond to the Commission in an amount deemed by the Commission to be adequate to:(a) Satisfy or reimburse any cost or expense required pursuant to this chapter, chapter 467 of NRS or rules adopted by the Commission;(b) Ensure reimbursement to the purchasers of tickets for the program; or(c) Satisfy or reimburse any other cost or expense as deemed necessary by the Commission.2. The promoter may apply one bond to more than one location if no more than one location covered by the same bond is scheduled for a program on any given calendar date.3. Each bond may be conditioned for the payment to the Commission of a sum equivalent to the total sale of tickets:(a) If the main event is not held on the date advertised, unless the event is subsequently held on a date fixed by the Commission; and(b) If the main event is neither held on the original date advertised nor on a subsequent date fixed by the Commission. The sum is due within 15 days after default, to ensure reimbursement to the purchasers of tickets for the program, if the reimbursement of purchasers of tickets is ordered by the Commission.
Nev. Admin. Code § 467.162
[Athletic Comm'n, §67, eff. 4-25-78]-(NAC A 12-13-82; 12-2-97); A by R089-22A, eff. 12/29/2022