NV AB507

Clarifies that the $75,000 threshold for Interim Finance Committee approval applies to the total amount of revisions in one or more categories of expense within a work program, not individual changes

Prohibits executive agencies from dividing proposed work program revisions into separate smaller requests to avoid the $75,000 threshold requiring Interim Finance Committee approval

Requires Interim Finance Committee approval when work program revisions exceed $75,000 and cumulatively change expenditure levels by 20 percent or $350,000 (whichever is less) from Legislature-approved amounts

Changes terminology throughout the statute from "allotments" to "categories of expense" and "work program" for consistency

Effective date: July 1, 2025