1. Whenever a person other than an indigent person has been found guilty of a category C, D or E felony upon verdict or plea, and the court has determined that the person is eligible for probation pursuant to NRS 176A.100, the court may order the person to participate in a program of probation secured by a surety bond if the court first determines that the person has the financial ability to post such a surety bond.
2. If the court orders the person to participate in a program of probation secured by a surety bond, the person shall execute a bond for the participation. The court shall require one or more sureties for the bond.
3. The court shall set the surety bond in an amount which, in the judgment of the court, will reasonably ensure the participation of the person in the program of probation.
4. A surety bond securing participation in a program of probation must:
(a) Be issued in favor of and payable to the State of Nevada;
(b) Extend for a period of 1 year;
(c) Be renewable annually; and
(d) Ensure the full compliance of the person in the program of probation with all the conditions of probation set by the court.
(Added to NRS by 1995, 1245)