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NV AB224
Bill
Status
6/9/2025
Primary Sponsor
Erica Mosca
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AI Summary
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State Board of Finance must issue up to $100,000,000 in general obligation bonds for school district capital improvements
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Bond proceeds will be deposited into the Fund to Assist School Districts in Financing Capital Improvements
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Grants are restricted to school districts in counties with populations under 15,000
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Eligible districts must demonstrate their county's ad valorem tax rate is at the legal limit and have an emergency condition such as a condemned building, unsuitable facility, or renovation costs exceeding 40% of new construction costs
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Effective date: July 1, 2025
Legislative Description
Provides for the issuance of bonds to assist certain school districts in financing capital improvements. (BDR S-688)
Last Action
Chapter 415. (Effective July 1, 2025)
6/9/2025