Senate Bill No. 90

Senate Bill No. 90-Committee on Commerce and Labor

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AN ACT relating to deceptive trade practices; creating a revolving account for the consumer affairs division of the department of business and industry for certain expenses related to the undercover investigation of a person who is allegedly engaging in a deceptive trade practice; and providing other matters properly relating thereto.

[Approved May 15, 1997]

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

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Section 1. Chapter 598 of NRS is hereby amended by adding thereto a new section to read as follows:
1. There is hereby created a revolving account for the consumer affairs division of the department of business and industry in the sum of $7,500, which must be used for the payment of expenses related to conducting an undercover investigation of a person who is allegedly engaging in a deceptive trade practice.
2. The commissioner shall deposit the money in the revolving account in a bank qualified to receive deposits of public funds as provided by law and the deposit must be secured by a depository bond satisfactory to the state board of examiners.
3. The commissioner or his designee may:
(a) Sign all checks drawn upon the revolving account; and
(b) Make withdrawals of cash from the revolving account.
4. Payments made from the revolving account must be promptly reimbursed from the legislative appropriation, if any, to the consumer affairs division for the expenses related to conducting an undercover investigation of a person who is allegedly engaging in a deceptive trade practice. The claim for reimbursement must be processed and paid as other claims against the state are paid.
5. The commissioner shall:
(a) Approve any disbursement from the revolving account; and
(b) Maintain records of any such disbursement.
Sec. 2. NRS 598.0903 is hereby amended to read as follows:
598.0903 As used in NRS 598.0903 to 598.0999, inclusive, and section 1 of this act, unless the context otherwise requires, the words and terms defined in NRS 598.0905 to 598.0947, inclusive, have the meanings ascribed to them in those sections.
Sec. 3. This act becomes effective on July 1, 1997.
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