2001 REGULAR SESSION (71st) A AB456 460
ASSEMBLY ACTION Initial and Date |SENATE ACTION Initial and Date
Adopted Lost | Adopted Lost
Concurred In Not |Concurred In Not
Receded Not | Receded Not
Amend sec. 3, page 2, by deleting lines 11 through 14 and inserting:
“minerals of the commission on mineral resources, may contract with:
(a) A holder of a nonrestricted license issued pursuant to chapter 463 of NRS to supply gaming tokens to the holder of the nonrestricted license pursuant to this section and sections 2 and 4 of this act; and
(b) A person who has experience in minting tokens to mint gaming tokens for the holder of the nonrestricted license on Press No. 1 of the Carson City Mint or at such other locations as the administrator deems appropriate.
2. Each contract to supply gaming tokens to the holder of a nonrestricted license entered into pursuant to paragraph (a) of subsection 1 must include a provision requiring the holder of the nonrestricted license to pay the fair market value of the tokens as determined by the administrator of the division of museums and history. In making that determination, the administrator shall consider:
(a) The cost of producing the gaming tokens or similar gaming tokens;
(b) The average margin of profit in the industry for producing gaming tokens; and
(c) The value to collectors of gaming tokens minted pursuant to this section and sections 2 and 4 of this act.”.
Amend sec. 3, page 2, line 15, by deleting “2.” and inserting “3.”.
Amend sec. 3, page 2, line 20, by deleting “3.” and inserting “4.”.
Amend sec. 3, page 2, between lines 24 and 25, by inserting:
“5. Each person who enters into a contract with the administrator of the division of museums and history pursuant to this section shall comply with all applicable statutes and regulations relating to gaming tokens. The administrator shall ensure that each contract entered into with the person includes a provision that requires the person to comply with those statutes and regulations.”.
Amend sec. 4, page 2, by deleting lines 27 through 29 and inserting:
“reverse, in an appropriate design selected by the holder of a nonrestricted license for whom the token is minted:
(a) A designation of the face value of the token, as determined by the administrator of the division of museums and history of the department of museums, library and arts;”.
Amend sec. 4, page 2, line 30, by deleting “(c)” and inserting “(b)”.
Amend sec. 4, page 2, line 33, by deleting “(d)” and inserting “(c)”.
Amend sec. 4, page 2, line 35, by deleting “(e)” and inserting “(d)”.
Amend sec. 4, page 2, line 36, by deleting “(f)” and inserting “(e)”.
Amend sec. 4, pages 2 and 3, by deleting lines 37 through 46 on page 2 and lines 1 through 10 on page 3, and inserting:
“2. Not more than 500 tokens may be minted in each design selected pursuant to subsection 1.
3. A holder of a nonrestricted license who purchases gaming tokens pursuant to a contract entered into in accordance with paragraph (a) of subsection 1 of section 3 of this act may issue those gaming tokens to the members of the general public. The gaming tokens may be redeemed only by the holder of the nonrestricted license.
4. The proceeds of the sale of gaming tokens by the administrator of the division of museums and history pursuant to section 3 of this act must be deposited in an”.
Amend sec. 4, page 3, by deleting line 16 and inserting:
“tokens in accordance with this section and sections 2 and 3 of this act.”.
Amend the bill as a whole by deleting sec. 5 and renumbering sec. 6 as sec. 5.
Amend the title of the bill by deleting the third line and inserting:
“the issuance of the gaming tokens by a holder of a nonrestricted license under certain circumstances; and providing other”.