Nevada Revised Statutes 116.610 – Commission for Common-Interest Communities and Condominium Hotels: Election of officers; meetings; quorum
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1. At the first meeting of each fiscal year, the Commission shall elect from its members a Chair, a Vice Chair and a Secretary.
Terms Used In Nevada Revised Statutes 116.610
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Quorum: The number of legislators that must be present to do business.
2. The Commission shall meet at least once each calendar quarter and at other times on the call of the Chair or a majority of its members.
3. A majority of the members of the Commission constitutes a quorum for the transaction of all business.