Nev. Admin. Code § 576.080

Current through November 8, 2024

Section 576.080 - Amount of required bond

1. The amount of bond, security or deposit required of a person licensed to act as a dealer, broker or commission merchant is based on the annual volume of his purchases, as follows:

(a) For a buyer of farm produce:

Annual Volume of Purchase	Amount of Bond
Under $200,000......................................................................................................	$10,000
From $200,000 to $600,000...................................................................................	12,000
Over $600,000........................................................................................................	15,000

(b) For a buyer of livestock:

Annual Volume of Purchase			Amount of Bond
$1	-	$650,000....................................................................................	$5,000
650,001	-	730,000....................................................................................	6,000
730,001	-	1,040,000....................................................................................	8,000
1,040,001	-	1,300,000....................................................................................	10,000
1,300,001	-	1,560,000....................................................................................	12,000
1,560,001	-	1,820,000....................................................................................	14,000
1,820,001	-	2,080,000....................................................................................	16,000
2,080,001	-	2,340,000....................................................................................	18,000
2,340,001	-	2,600,000....................................................................................	20,000
2,600,001	-	2,860,000....................................................................................	22,000
2,860,001	-	3,120,000....................................................................................	24,000
3,120,001	-	3,380,000....................................................................................	26,000
3,380,001	-	3,900,000....................................................................................	30,000
3,900,001	-	4,450,000....................................................................................	35,000
4,450,001	-	5,200,000....................................................................................	40,000
5,200,001	-	6,500,000....................................................................................	50,000
6,500,001	-	13,000,000....................................................................................	55,000
13,000,001	-	19,500,000....................................................................................	60,000
19,500,001	-	26,000,000....................................................................................	65,000
26,000,001	-	32,500,000....................................................................................	70,000
32,500,001	-	39,000,000....................................................................................	75,000
39,000,001	-	45,500,000....................................................................................	80,000
45,500,001	-	52,000,000....................................................................................	85,000
52,000,001	-	53,500,000....................................................................................	90,000
53,500,001	-	65,000,000....................................................................................	95,000
65,000,001	-	71,500,000....................................................................................	100,000

2. The bond, security or deposit of any licensee whose license was issued before January 9, 1981, may be continued in force with the lower amount previously established, but the amount required by this section must be provided upon renewal of the license.

Nev. Admin. Code § 576.080

Added to NAC by Dep't of Agriculture, eff. 1-9-81-Substituted in revision for NAC NRS 576.040

NRS 576.040