706.192 - Power of Department to require bond of carrier that is habitually delinquent in making certain payments. - Nevada Statutes

706.192  Power of Department to require bond of carrier that is habitually delinquent in making certain payments.  If the Department determines that a common motor carrier, contract motor carrier or private motor carrier of property is habitually delinquent in the payment of amounts due to the Department pursuant to this chapter, the Department shall require the common motor carrier, contract motor carrier or private motor carrier of property to provide a bond executed by the carrier as principal, and by a corporation qualified pursuant to the laws of this State as surety, payable to the State of Nevada, and conditioned upon the faithful performance of all the requirements of this chapter and upon the punctual payment of all fees, penalties and interest due to the State of Nevada. The total amount of the bond must not be less than $2,500.

      (Added to NRS by 2009, 467)