NV
Nevada Assembly Bill AB520

Nevada 2023 Regular Session

Nevada Assembly Bill AB520

Introduced
5/22/23  
Refer
5/22/23  
Report Pass
5/23/23  
Engrossed
5/24/23  
Refer
5/24/23  
Report Pass
5/25/23  
Enrolled
5/26/23  
Vetoed
6/1/23  

Caption

Makes various changes regarding state financial administration and makes appropriations for the support of the civil government of the State. (BDR S-1210)

Impact

Moreover, AB520 outlines the financial administration protocol, including the management of appropriated funds and how they can be allocated by the Interim Finance Committee upon the Governor's recommendation. The bill explicitly states that any unspent funds must revert to the State General Fund by specified dates, ensuring fiscal responsibility and accountability in the management of state finances. These measures aim to enhance the efficiency of budgetary processes while maintaining allocations for crucial state services.

Summary

Assembly Bill No. 520 focuses on state financial administration, primarily through financial appropriations for the support of Nevada's civil government during the 2023-2025 biennium. The bill details various appropriations from the State General Fund and the State Highway Fund, providing necessary funding for governmental departments and services, including the Office of the Governor, health services, education, and public safety. Specific financial allocations are made for staffing and operational costs across several state agencies, indicating a comprehensive financial plan to sustain state operations and services.

Contention

Despite its broad support, AB520 has faced some contention concerning the allocation priorities among various sectors. Critics argue that certain areas, such as education and healthcare, are underfunded compared to others, questioning whether the appropriations align with the state's most pressing needs. Furthermore, debates have risen regarding the flexibility of the appropriated funds and the potential for misallocation, emphasizing the importance of oversight and transparency in the budgetary process.

Latest AB520 Activity

Companion Bills

No companion bills found.

Similar Bills

NV SB511

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