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NV AB582

Bill

Official Source

Status

Passed

6/6/2025

Primary Sponsor

Ways and Means

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Origin

Assembly

83rd Legislature (2025)

AI Summary

  • Increases the maximum amount the State Treasurer may expend from the Endowment Account for the Governor Guinn Millennium Scholarship Program from 3 percent to 13 percent of anticipated annual tobacco settlement revenue

  • Clarifies that the "Trust Fund" referenced for Millennium Scholarship expenditures specifically means the Millennium Scholarship Trust Fund created by NRS 396.926

  • Funding source is Nevada's anticipated revenue from settlement agreements and civil actions against tobacco product manufacturers

  • Effective date: July 1, 2025

Legislative Description

Revises provisions relating to the Governor Guinn Millennium Scholarship Program. (BDR 31-1226)

Last Action

Chapter 277. (Effective July 1, 2025)

6/6/2025

Committee Referrals

Government Affairs5/27/2025
Ways and Means5/14/2025

Full Bill Text

No bill text available