Revises provisions governing fiscal information for legislative measures. (BDR 17-1239)
Impact
The proposed amendments to NRS 218D.415 and 218D.430 under AB595 require that each bill or joint resolution's summary must indicate its fiscal impact more clearly. Specifically, it stipulates that fiscal notes should be prepared for any measure that either increases state fiscal liabilities or decreases state revenues by more than $2,000. This clarity in financial implications is intended to support informed decision-making by legislators during discussions and votes on new laws.
Summary
Assembly Bill No. 595 focuses on revising provisions that govern the fiscal information required in the summary of legislative measures. This bill aims to enhance clarity and accuracy regarding fiscal effects associated with bills and joint resolutions introduced in the Nevada Legislature. By detailing what must be included in fiscal notes, the bill seeks to ensure that lawmakers and the public are aware of any financial implications that may arise from proposed legislation.
Contention
While the bill promotes transparency regarding fiscal effects, it may also raise concerns among local governments. The requirement for fiscal notes can mandate additional analytical efforts from local agencies, which might strain their resources. Additionally, there could be debate regarding the accuracy of fiscal impact estimates, as projections often rely heavily on the ability of agencies to provide reliable data, potentially leading to disputes over financial projections that affect budgetary decisions.
To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2023; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2023; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2023; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2022, to June 30, 2023, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2022.