1. The Commission, its Executive Director or any other employee authorized by the Commission may order the promoter to withhold any part of a purse or other money belonging or payable to any contestant, manager or second if, in the judgment of the Commission, Executive Director or other employee:
(a) The contestant is not competing honestly or to the best of the contestant’s skill and ability or the contestant otherwise violates any regulations adopted by the Commission or any of the provisions of this chapter, including, but not limited to, the provisions of subsection 1 of NRS 467.110; or
(b) The manager or seconds violate any regulations adopted by the Commission or any of the provisions of this chapter, including, but not limited to, the provisions of subsection 1 of NRS 467.110.
2. Upon the withholding of any part of a purse or other money pursuant to this section, the Commission shall immediately schedule a hearing on the matter, provide adequate notice to all interested parties and dispose of the matter as promptly as possible.
3. If it is determined that a contestant, manager or second is not entitled to any part of his or her share of the purse or other money, the promoter shall pay the money over to the Commission. Subject to the provisions of subsection 4, the money must be deposited with the State Treasurer for credit to the State General Fund.
4. Money turned over to the Commission pending final action in any matter must be credited to the Athletic Commission’s Agency Account and must remain in that Account until the Commission orders its disposition in accordance with the final action taken.
(Added to NRS by 1967, 1263; A 1979, 1383; 1983, 530; 1985, 719, 942; 1991, 1776; 1997, 1346; 2007, 2841)