NV AB21

Eliminates the requirement for the Administrator of the Employment Security Division to perform annual calculations by September 30 each year to determine solvency information for the Unemployment Compensation Fund, including unemployment risk ratios, potential beneficiaries, and potential maximum annual benefits payable

Removes statutory definitions for "average actual duration," "beneficiary," "covered worker," "first payment," and "unemployment risk ratio" from NRS 612.550

Increases the reserve threshold for annual fund transfers from 90 days to 180 days—the State Controller must now transfer unencumbered balances from the Unemployment Compensation Administration Fund only when they exceed amounts authorized for the first 180 days of the succeeding fiscal year

Becomes effective immediately upon passage and approval