Nevada Revised Statutes 231.8157 – Deposit of receipts from publication of Nevada Magazine and Visitor Guide; use of revenue for educational materials; trading of advertising services for services or products
1. All receipts from publication of the Nevada Magazine and Visitor Guide and from any other operation conducted by the magazine must be deposited with the State Treasurer for credit to the Fund for Tourism and Cultural Affairs created pursuant to NRS 231.8141, and all other financial activities related to the publication or other operations of the magazine must be accounted for in the Fund. Revenue from the publication of the Nevada Magazine and Visitor Guide may be used for the publication and distribution to schools of educational materials relating to the natural and cultural resources of this State.
Terms Used In Nevada Revised Statutes 231.8157
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
2. This section does not preclude Nevada Magazine and Visitor Guide from trading its advertising services for services or products that promote or benefit Nevada Magazine and Visitor Guide, including, without limitation, travel services which are required by Nevada Magazine and Visitor Guide, circulation services, sponsorship of awards, memberships, entry fees for trade shows and advertising services with other publications, if:
(a) A fair market value can be established for the service or product;
(b) The trade is accounted for in the Fund; and
(c) The State Board of Examiners approves the trade.