Nevada Senate Bill SB486

Nevada 2023 Regular Session

• Introduced: 5/11/23
• Refer: 5/11/23
• Report Pass: 5/27/23
• Engrossed: 5/30/23
• Refer: 5/30/23
• Report Pass: 6/1/23
• Enrolled: 6/8/23
• Chaptered: 6/12/23
• Passed: 6/12/23

Caption

Makes appropriations to the Nevada Promise Scholarship Account and the Millennium Scholarship Trust Fund. (BDR S-1123)

Impact

The bill's funding of $6 million to the Nevada Promise Scholarship Account is intended to provide financial aid for tuition or other educational expenses to eligible students enrolling in community college. The $75 million allocated to the Millennium Scholarship Trust Fund is aimed at supporting students who meet specific academic criteria and encourages them to pursue degree programs in Nevada. Through these appropriations, SB486 is set to impact state laws related to education financing by reinforcing the commitment to support residents in their educational endeavors.

Summary

Senate Bill 486 focuses on the appropriation of state funds to bolster educational support programs in Nevada. Specifically, it allocates a total of $81 million to two key scholarship programs: the Nevada Promise Scholarship Account and the Millennium Scholarship Trust Fund. The bill aims to enhance access to higher education for Nevada residents, particularly benefiting students who may require financial assistance to pursue their academic goals.

Contention

While there appears to be significant support for SB486 in the legislature, potential points of contention may arise regarding the allocation of funds and the criteria for scholarship eligibility. As with most funding bills, debates can be anticipated concerning how effectively these appropriations will be managed and whether they adequately address the financial needs of diverse student populations. Stakeholders may express differing opinions on how effectively the programs funded by this bill meet the educational challenges faced by students in Nevada.