GroundRules
NRS 487.825: Revolving Account for the Issuance of Salvage Titles: Creation; use of money; transfer of excess balance to State Highway Fund.
Where this section sits in the code
- TITLE 43 — PUBLIC SAFETY; VEHICLES; WATERCRAFT
- CHAPTER 487 - REPAIR, REMOVAL AND DISPOSAL OF VEHICLES
- REPAIRS; REBUILT VEHICLES; SALVAGE VEHICLES; TOTAL LOSS VEHICLES; NONREPAIRABLE VEHICLES
1. The Revolving Account for the Issuance of Salvage Titles is hereby created as a special account in the State Highway Fund.
2. The Department shall use the money in the Account only to pay the expenses relating to the issuance of salvage titles.
3. At the end of each fiscal year, the State Controller shall transfer from the Account to the State Highway Fund an amount of money equal to the balance in the Account which exceeds $50,000.
Collected 2026-09-03T05:51:42Z. Source file · JSON