Section 366.010 - Amount required for initial 2 years of operation1. Except as otherwise provided in NAC 366.030 and 366.040, the Department will fix the amount of security required pursuant to NRS 366.235 for an applicant for, or the holder of:(a) A special fuel supplier's license at three times the estimated maximum monthly tax, but not less than $1,000.(b) A special fuel dealer's license at three times the estimated maximum monthly tax, but not less than $100.2. During the initial 2 years that a special fuel supplier or special fuel dealer operates his or her business, the Department will review his or her monthly tax returns filed pursuant to NRS 366.383 or 366.386 every 6 months to determine whether the estimated maximum monthly tax is accurate. If the Department determines that the estimated maximum monthly tax is not accurate, the Department will revise the amount of security required in accordance with its review. If the Department increases the amount of security required, the special fuel supplier or special fuel dealer shall increase his or her security as required by the Department within 60 days after notification of the increase.Nev. Admin. Code § 366.010
Added to NAC by Dep't of Motor Veh. & Pub. Safety, 12-15-94, eff. 7-1-95; A 3-28-96; R096-00, 3-1-2001