Suspension of state business license for owing debt to certain agencies.

NRS 76.173 Suspension of state business license for owing debt to certain agencies. 1. The Secretary of State shall suspend a state business license if the State Controller has informed the Secretary of State pursuant to subsection 5 of NRS 353C.1965 that the holder of the state business license owes a debt to an agency that has been assigned to the State Controller for collection and the holder has not: (a) Satisfied the debt; (b) Entered into an agreement for the payment of the debt pursuant to NRS 353C.130; or (c) Demonstrated to the State Controller that the debt is not valid. 2. The Secretary of State shall reinstate a state business license that was suspended pursuant to subsection 1 if the State Controller notifies the Secretary of State in writing that the holder of the state business license has: (a) Satisfied the debt; (b) Entered into an agreement for the payment of the debt pursuant to NRS 353C.130; or (c) Demonstrated to the State Controller that the debt is not valid. 3. As used in this section: (a) “Agency” has the meaning ascribed to it in NRS 353C.020. (b) “Debt” has the meaning ascribed to it in NRS 353C.040. (Added to NRS by 2021, 2273)