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NV AB587

Bill

Official Source

Status

Failed

6/3/2025

Primary Sponsor

Ways and Means

Click for details

Origin

Assembly

83rd Legislature (2025)

AI Summary

  • Transfers $288,742,305 from the Rainy Day Account to the State General Fund in Fiscal Year 2025-2026
  • Transfers an additional $61,813,016 from the Rainy Day Account to the State General Fund in Fiscal Year 2026-2027
  • Total transfer of $350,555,321 over the two-year period for unrestricted General Fund use
  • The Rainy Day Account (Account to Stabilize the Operation of the State Government) holds surplus state revenues reserved for fiscal emergencies under NRS 353.288
  • Effective date is July 1, 2025

Legislative Description

Requires the transfer of certain money from the Account to Stabilize the Operation of the State Government to the State General Fund. (BDR S-1240)

Last Action

(No further action taken.)

6/3/2025

Committee Referrals

Ways and Means5/16/2025

Full Bill Text

No bill text available