Nevada § 463.123 - Report to Commission by Board; delinquent debts; designation of bad debts
Full text of Nevada Nevada Revised Statutes § 463.123 — Report to Commission by Board; delinquent debts; designation of bad debts, with citation guidance and answers to common questions.
§ 463.123. Report to Commission by Board; delinquent debts; designation of bad debts
1. On or before January 15 of each year, the Board shall prepare and furnish to the
Commission a report that shows all debts owed to the Board that became or remained
delinquent during the preceding year. The Board shall include in the report the amount of any delinquent debt that the
Board determines is impossible or impractical to collect. 2. For any amount of debt the Board has assigned to the State Controller for collection
pursuant to NRS 353C.195 that: (a) The Board determines is impossible or impractical to collect, the Board may designate
such amount as a bad debt and shall notify the State Controller of such a designation. Upon approval by the Chair of the Board, the bad debt may be removed from the books
of the account of the Board. (b) The State Controller determines is impossible or impractical to collect, the State
Controller shall request the State Board of Examiners to designate the debt as a bad
debt in accordance with NRS 353C.220 .
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 463.123
What does Nevada Revised Statutes § 463.123 cover?
Section 463.123 ("Report to Commission by Board; delinquent debts; designation of bad debts") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 463.123?
A common citation format is "Nevada Revised Statutes § 463.123" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 463.123 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.