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NV AB67

Bill

Status

Failed

6/3/2025

Primary Sponsor

Government Affairs

Click for details

Origin

Assembly

83rd Legislature (2025)

AI Summary

  • 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

  • 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

  • If annual funding is insufficient to cover all eligible births, the State Treasurer must select recipients by lottery

  • Trust Fund deposits are excluded from personal asset calculations for state disability, medical, health benefits, and student financial aid eligibility determinations

  • 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

Committee Referrals

Ways and Means2/10/2025
Government Affairs11/20/2024

Full Bill Text

No bill text available