NRS 466.1045
Bond or deposit required

  • exemptions.

1.

Before the running of any race meet licensed by the Commission, the licensee shall post with the Commission a bond executed by the licensee as principal, and by a corporation qualified pursuant to the laws of this state as surety, payable to the State of Nevada, and conditioned upon the payment of all money due to the State, the payment of purses to the participants, and the payment of the employees of the licensee. The bond must be in such an amount as the Commission deems necessary, not to exceed $100,000. In lieu of a bond, the licensee may deposit with the Commission lawful money of the United States or a certified check in an amount not to exceed $100,000 or any other form of security authorized by NRS 100.065. If security is provided in the form of a savings certificate, certificate of deposit or investment certificate, the certificate must state that the amount is not available for withdrawal except upon order of the Commission. After the race meet the posted cash, check, bond or other security must be returned or exonerated as the case may be, upon full performance by the licensee.

2.

A nonprofit organization or agricultural association conducting a race meet is exempt from the requirements of subsection 1.

Source: Section 466.1045 — Bond or deposit required; exemptions., https://www.­leg.­state.­nv.­us/NRS/NRS-466.­html#NRS466Sec1045.

466.010
Short title. 466.015
Purpose of chapter. 466.017
Definitions. 466.018
“Board” defined. 466.019
“Chariot race” defined. 466.021
“Commission” defined. 466.022
“Cutter race” defined. 466.025
“Heat” defined. 466.026
“Horse” defined. 466.028
“Pari-mutuel wagering” defined. 466.029
“Resort hotel” defined. 466.030
Jurisdiction of Board and Commission 466.045
Certain financial interests of member of Board or Commission prohibited. 466.065
Bonds for certain members and employees of Board and Commission. 466.070
Employees 466.080
Account for Racing and Pari-Mutuel Wagering 466.090
License required to conduct racing or pari-mutuel wagering 466.095
Issuance of license to conduct dog racing or pari-mutuel wagering in connection with certain dog racing prohibited. 466.100
Application for license to conduct racing 466.102
Deposit of advance with application. 466.104
Decision of Commission final 466.105
Application for license to conduct pari-mutuel wagering 466.110
Limitation on number of days of racing 466.115
Limitation on issuance of license for conflicting meet. 466.120
Fee for license 466.125
Tax on conducting racing with pari-mutuel wagering 466.130
Licensing and supervision of certain meetings and races at which pari-mutuel wagering will be conducted 466.140
Awarding of dates for racing 466.150
Issuance of license 466.151
Limitation on commissions deducted by licensee from pari-mutuel wagering 466.153
Place for conducting and public viewing of wagering. 466.155
Wagering outside enclosure or licensed establishment prohibited. 466.157
Limitation on wager by agent 466.159
Redemption of outstanding pari-mutuel tickets. 466.160
Charity day: Limitation on number of days in one meet. 466.170
Regulations of Commission 466.171
Renewal of license as participant in racing: Application to include information relating to state business license 466.172
Payment of child support: Statement by applicant for license 466.174
Suspension of license for failure to pay child support or comply with certain subpoenas or warrants 466.176
Application for license to include social security number of applicant. 466.180
Powers of Board and Commission. 466.190
Report to Commission by licensee of receipts and disbursements. 466.200
Impossibility, impracticability or inadvisability of holding meet 466.210
Regulation of racing by local governments prohibited. 466.216
Unlawful use of electrical device or appliance to alter speed of racing animal 466.220
Prohibited acts 466.1045
Bond or deposit required
Last Updated

Feb. 5, 2021

§ 466.1045’s source at nv​.us