Nevada 2023 Regular Session

Nevada Senate Bill SB10

Refer
11/16/22  
Introduced
2/6/23  
Report Pass
4/24/23  
Refer
4/24/23  
Report Pass
6/4/23  
Engrossed
6/5/23  
Refer
6/5/23  
Report Pass
6/5/23  
Enrolled
6/8/23  
Chaptered
6/16/23  

Caption

Revises provisions related to the Nevada State Infrastructure Bank. (BDR 35-358)

Impact

The implications of SB10 are far-reaching, positioning the Nevada State Infrastructure Bank as a more centralized and flexible entity in supporting infrastructure projects across the state. By broadening the types of projects eligible for financial assistance to include workforce housing and educational facilities, the bill directly addresses pressing needs within the state. Supporters argue that these changes will not only enhance infrastructure development but also contribute positively to the economy by improving educational environments and providing housing solutions.

Summary

Senate Bill No. 10 seeks to revise provisions related to the Nevada State Infrastructure Bank. A significant change proposed in this bill is the relocation of the Infrastructure Bank from the Department of Transportation to the Office of the State Treasurer. This shift aims to enhance the Bank's operational framework and streamline its functions. The bill empowers the Bank to provide expanded financial assistance for various infrastructure projects, including K-12 school facilities, particularly in counties with populations of less than 100,000. Notably, this includes provisions that allow for 0% interest loans to school districts facing financial challenges, aiming to better support educational infrastructure development.

Contention

Notably, the bill has faced some contention surrounding its provisions for confidentiality in handling information submitted to the Bank. Critics raise concerns that this could lead to a lack of transparency and oversight regarding the Bank's operations. Additionally, the bill’s provision allowing closed meetings of the Board of Directors may limit public engagement and scrutiny. There is also concern over the potential implications of expanding the Bank’s remit to include housing projects, with opponents arguing this could lead to misallocation of resources and diminish focus on critical infrastructure needs.

Companion Bills

No companion bills found.

Previously Filed As

NV AB516

Revises provisions relating to the Nevada Indian Commission. (BDR 18-1215)

NV SB103

Revises provisions governing the Nevada Sentencing Commission within the Department of Sentencing Policy. (BDR 14-308)

NV SB424

Revises provisions relating to the Nevada Transportation Authority. (BDR 58-860)

NV AB390

Revises provisions governing the Nevada Administrative Procedure Act. (BDR 18-849)

NV SB1

Revises provisions governing economic infrastructure projects. (BDR S-9)

NV SB509

Revises provisions governing stadium infrastructure projects. (BDR S-1221)

NV SB240

Revises provisions relating to the Nevada New Markets Jobs Act. (BDR 18-792)

NV SB425

Makes revisions relating to health professions. (BDR 40-353)

NV AB164

Revises provisions related to outdoor recreation. (BDR 35-487)

NV SB160

Revises provisions relating to the Nevada Equal Rights Commission. (BDR 18-82)

Similar Bills

NV SB504

Authorizes expenditures by agencies of the State Government for the 2023-2025 biennium. (BDR S-1207)

NV AB445

Revises provisions relating to the mental health of children. (BDR 32-1004)

NV SB432

Revises provisions governing economic development. (BDR 32-758)

HI HB2397

Relating To Broadband.

HI SB2076

Relating To Broadband Service Infrastructure.

CA SB769

The Golden State Infrastructure Corporation Act.

OH HB349

Authorize creation of natural gas pipeline incentive areas

CT SB00070

An Act Establishing The Connecticut Infrastructure Bank.