NRS 426.677 Management of money received from vending facility when licensee unavailable or temporarily unable to operate facility.

317 words·~1 min read·/nv/chapter-426-persons-with-disabilities/426-677

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. The Bureau may, in interim periods when a licensee is not available to operate a vending facility and its continuous operation is required, establish a checking account in a depository bank or credit union qualified to receive deposits of public money pursuant to chapter 356 of NRS. All money received from the vending facility during the interim period must be deposited to the account, and all expenses necessary to maintain the interim operation of the facility must be paid from the account.

2. If the licensee who operated the vending facility returns after a temporary disability less than 6 months after becoming unavailable to operate the vending facility because of the disability, the Bureau shall prepare a financial report and close the checking account by making a check in the amount of any balance remaining in the account payable to the licensee.

3. If the licensee who operated the vending facility experiences a disability and is unable to return within 6 months after becoming unavailable to operate the vending facility because of the disability, the Bureau shall prepare a financial report and make a check in the amount of the balance of the account at the time at which the check is made but such amount must not exceed the amount of the balance of the account on the date 6 months after the date on which the licensee became unavailable to operate the vending facility payable to the licensee.

4. If a licensee, other than the one who previously operated the vending facility, is permanently assigned to the vending facility, the Bureau shall prepare a financial report and close the checking account by making a check in the amount of any balance remaining in the account payable to the Business Enterprise Account for Persons Who Are Blind.