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NV SB502

Bill

Status

Passed

6/11/2025

Primary Sponsor

Finance

Click for details

Origin

Senate

83rd Legislature (2025)

AI Summary

  • Appropriates $99,514,255 from the State General Fund for capital improvements across multiple state departments, including $21.9 million for Department of Human Services facility maintenance, $10.3 million for High Desert State Prison door locks replacement, and $8.1 million for the statewide elevator program

  • Authorizes up to $799,271,288 in general obligation bonds for major construction projects, including $381.8 million for a Southern Nevada Forensic Facility in Las Vegas, $78.1 million for a North Las Vegas State Veterans Home, and $71.2 million for state office building purchases in Las Vegas

  • Levies an ad valorem property tax of 17 cents per $100 of assessed valuation (16.18 cents plus 0.82 cents) for fiscal years 2025-2026 and 2026-2027 to support the Consolidated Bond Interest and Redemption Fund

  • Appropriates $33,859,402 from the State General Fund and authorizes up to $191,869,942 in general obligation bonds for Legislative Department capital improvement projects

  • Authorizes additional bond issuances totaling $113.8 million for historical building preservation ($6 million), water conservation grants ($33.9 million), and previously authorized capital projects ($63.4 million), with expenditure deadlines of June 30, 2029

Legislative Description

Authorizes and provides funding for certain projects of capital improvement. (BDR S-1233)

Last Action

Chapter 515.

6/11/2025

Committee Referrals

Ways and Means5/21/2025
Finance5/19/2025

Full Bill Text

No bill text available