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2017 Nevada Revised Statutes
Chapter 235 - State Seal, Motto and Symbols; Gifts and Endowments
NRS 235.016 - Royalties for medallions and bars; deposit of money collected.
Universal Citation: NV Rev Stat § 235.016 (2017)
1. The Director shall set and collect a royalty for the use of The Great Seal of the State of Nevada from the mint which produces the medallions or bars. The amount of the royalty must be:
(a) Based on the usual and customary fee charged as a commission by dealers of similar medallions or bars; and
(b) Adjusted at least once each year to ensure it is competitive with the usual and customary fee.
2. The money collected pursuant to this section must be deposited in the Account for the Division of Minerals created pursuant to NRS 513.103.
(Added to NRS by 1989, 140; A 1991, 1758; 1993, 1537; 1999, 3620; 2015, 2767)
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