Section 467.151 - Payment of certain fees for tickets sold; grants to organizations that promote amateur contests or exhibitions1. Not later than 20 calendar days after the completion of a live professional contest, match or exhibition is held in this State, the promoter shall pay the fees required by subsections 1 and 2 of NRS 467.108 to the Commission: (a) If the amount of the fees is less than $10,000, by check, money order or electronic transfer.(b) If the amount of the fees is $10,000 or more, by electronic transfer.2. To apply for a grant from money collected pursuant to NRS 467.108, an organization that promotes amateur contests or exhibitions of unarmed combat in this State must submit an application to the Executive Director on a form prescribed by the Executive Director. The Executive Director or his or her designee shall review the application to ensure that the grant applied for is for verifiable expenses.3. After considering an application for a grant, the Commission may: (a) Award the grant, in whole or in part;(b) Refuse to award the grant; or(c) Require the Executive Director or the organization applying for the grant to submit supplemental information.4. When determining whether to award a grant, the Commission will consider: (a) The need for, and the propriety of, the grant requested;(b) The recommendation of the Executive Director;(c) Previous grants to, and the accounting procedures of, the requesting organization;(d) The benefits to amateur unarmed combat in this State to be derived from a requested grant; and(e) The current and prospective balance of the total amount of money collected pursuant to NRS 467.108.Nev. Admin. Code § 467.151
Added to NAC by Athletic Comm'n by R083-00, eff. 9-22-2000; A by R090-07, 12-4-2007; R003-09, 10-27-2009; A by R062-16A, eff. 9/9/2016; A by R032-18A, eff. 1/30/2019; A by R089-22A, eff. 12/29/2022