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NV AB67
Bill
Status
6/3/2025
Primary Sponsor
Government Affairs
Click for details
AI Summary
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Establishes the Nevada Baby Bonds Program and Trust Fund, administered by the State Treasurer, to provide $3,200 to each child born on or after January 1, 2026, whose birth was covered by Medicaid or the Children's Health Insurance Program
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Beneficiaries may claim funds (plus investment earnings) between ages 18-30 if they have been Nevada residents for at least 12 months, complete a financial literacy course, and attest funds will be used for postsecondary education, home purchase, starting a business, or long-term investments
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If annual funding is insufficient to cover all eligible births, the State Treasurer must select recipients by lottery
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Trust Fund deposits are excluded from personal asset calculations for state disability, medical, health benefits, and student financial aid eligibility determinations
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Appropriates $5,000,000 from the State General Fund to establish the Trust Fund, with up to 5% of annual appropriations available for administrative costs
Legislative Description
Establishes the Nevada Baby Bonds Program. (BDR 18-477)
Last Action
(No further action taken.)
6/3/2025