Section 426.355 - Reservation and exercise by Bureau of option to purchase; reimbursement of operator upon withdrawal from program1. Each operating agreement must include a provision which reserves for the Bureau an option to purchase any equipment, accessories, supplies and merchandise owned by the operator for use in the vending facility and to assign this option to a succeeding operator of the vending facility. At the time the option is exercised, the merchandise, accessories and supplies must be inventoried and valued in the manner provided in NAC 426.345. Equipment owned by the operator may be purchased by the Bureau at its fair market value.2. If an operator withdraws from the program for vending facilities administered by the Bureau and the Bureau purchases his or her equipment, accessories, supplies or merchandise, the Bureau will reimburse the operator for the equipment, accessories, supplies or merchandise not later than 60 days after the expiration of his or her operating agreement unless a purchase agreement has been executed and notarized between the operator and the Bureau which establishes an alternative payment schedule.Nev. Admin. Code § 426.355
Bur. of Services to the Blind, § 53, eff. 10-14-82-NAC A by Bur. of Services to the Blind & Vis. Impaired, 8-28-97; R091-00, 9-25-2000