Section 573.025 - Limited license to conduct annual sale of livestock1. In lieu of securing a license to hold, operate, conduct or carry on a public livestock auction pursuant to NRS 573.020, a person who wishes to conduct an annual sale of livestock may submit an application to the Department for the issuance of a limited license to conduct such a sale. The application must be submitted on a form furnished or approved by the Department and must include: (a) The name and address of the applicant who will conduct the annual sale of livestock;(b) The location of the establishment or premises where the applicant will conduct the annual sale of livestock; and(c) Any other information required by the Department.2. As soon as practicable after receiving an application pursuant to subsection 1, the Department shall issue a limited license to conduct an annual sale of livestock to the applicant if the Department finds that the applicant has:(a) Delivered to the Director a surety bond pursuant to NRS 573.033 or a deposit receipt pursuant to NRS 573.037;(b) Paid the fee established by regulation of the State Board of Agriculture for the limited license to conduct an annual sale of livestock pursuant to NRS 573.040; and(c) Otherwise complied with the provisions of this chapter.3. A limited license to conduct an annual sale of livestock is valid for the period for which it is issued. A person may not obtain more than one limited license to conduct an annual sale of livestock during the same calendar year.4. The Department shall: (a) Limit the required duration of any surety bond or deposit receipt submitted pursuant to paragraph (a) of subsection 2 to the period during which the annual sale of livestock is conducted by the licensee.(b) Set the amount of the surety bond or deposit receipt at an amount which: (1) Must be based on the amount of bond coverage calculated for a market agency pursuant to 9 C.F.R. § 201.30(a); and(2) May be less than the amount otherwise required pursuant to NRS 573.033 or 573.037.Added to NRS by 2019, 2609Added by 2019, Ch. 417,§1, eff. 7/1/2019.