S.B. 119
- *SB119*
SENATE BILL NO. 119–SENATOR NEAL
PREFILED JANUARY 27, 2025
____________
Referred to Committee on Revenue and
Economic Development
SUMMARY—Revises provisions relating to the NV Grow
Program. (BDR S-81)
FISCAL NOTE: Effect on Local Government: No.
Effect on the State: Contains Appropriation not included
in Executive Budget.
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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.
AN ACT relating to economic development; requiring certain
reporting relating to the NV Grow Program; requiring the
Division of Small Business and Entrepreneurship
Development of the College of Southern Nevada to
develop, create and oversee the Program; making an
appropriation; and providing other matters properly
relating thereto.
Legislative Counsel’s Digest:
Existing law directs the Division of Workforce and Economic Development of 1
the College of Southern Nevada to develop, create, oversee and manage the NV 2
Grow Program to provide certain informational and technical assistance to existing 3
small businesses in this State that are expanding or ready to expand. (Section 2 of 4
chapter 459, Statutes of Nevada 2015, as last amended by chapter 440, Statutes of 5
Nevada 2023, at page 2707) Existing law also requires all institutions of the 6
Nevada System of Higher Education to track the business decisions and growth of 7
each business that participates in the Program over the entire period of the Program 8
and report that data to the Division at least once every 6 months. (Section 3 of 9
chapter 459, Statutes of Nevada 2015, as last amended by chapter 570, Statutes of 10
Nevada 2019, at page 3668) Section 2 of this bill revises the name of the Division 11
to the Division of Small Business and Entrepreneurship Development. Section 1 of 12
this bill requires the Division to prepare an annual report for the previous calendar 13
year which must include, without limitation, an explanation of: (1) the assistance 14
provided by the Program to the businesses participating in the Program; and (2) the 15
business decisions and growth of each business participating in the Program. 16
Section 1 further requires the Division to post the annual report on the Internet 17
website of the Program. 18
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Section 3 of this bill appropriates $1,900,000 to the College of Southern 19
Nevada for certain allocations and to assist and carry out the Program. 20
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN
SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
Section 1. The NV Grow Act, being chapter 459, Statutes of 1
Nevada 2015, as amended by chapter 430, Statutes of Nevada 2017, 2
at page 2880, is hereby amended by adding thereto a new section to 3
be designated as section 3.5, immediately following section 3, to 4
read as follows: 5
Sec. 3.5. 1. On or before February 1 of each year, 6
the Division shall prepare an annual report for the previous 7
calendar year, which must include, without limitation, an 8
explanation of: 9
(a) The assistance provided by the program to each 10
business participating in the program; and 11
(b) The business decisions and growth of each business 12
participating in the program tracked pursuant to subsection 13
4 of section 3 of this act. 14
2. The Division shall post the annual report prepared 15
pursuant to subsection 1 on the Internet website of the 16
program. 17
Sec. 2. Section 1.7 of the NV Grow Act, being chapter 570, 18
Statutes of Nevada 2019, at page 3666, is hereby amended to read as 19
follows: 20
Sec. 1.7. As used in this act, unless the context 21
otherwise requires, “Division” means the Division of 22
[Workforce and Economic] Small Business and 23
Entrepreneurship Development of the College of Southern 24
Nevada. 25
Sec. 3. 1. There is hereby appropriated from the State 26
General Fund to the College of Southern Nevada the sum of 27
$1,900,000 to, except as otherwise provided in subsection 2, allow 28
the College of Southern Nevada to: 29
(a) Provide or obtain such services as may be necessary to assist 30
and carry out the Program; 31
(b) Provide training to the geographic information system 32
specialist employed pursuant to paragraph (b) of subsection 3 of 33
section 2 of the NV Grow Act to assist small businesses who 34
participate in the Program, including, without limitation, travel 35
expenses to receive training from a geographic information system 36
specialist at the Nevada Small Business Development Center in 37
Washoe County at least once every 3 months for not less than 1 38
year; 39
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(c) Provide stipends for the counselors and members of the 1
faculty of the Nevada System of Higher Education who provide 2
services in connection with the Program; and 3
(d) Make direct program expenditures to assist and carry out the 4
Program, including, without limitation, expenditures for the data 5
software, marketing tools, interns, field trips and grants to members 6
of the stakeholders group, as defined in subsection 7 of section 2 of 7
the NV Grow Act, to assist and carry out the Program. 8
2. Of the sums appropriated by subsection 1: 9
(a) An allocation of $100,000 must be disbursed each fiscal year 10
to the University of Nevada Cooperative Extension in Clark County 11
to provide counseling, training in geographic information systems 12
and data scrubbing services for the Program. 13
(b) An allocation of $30,000 must be disbursed each fiscal year 14
to the following partners of the NV Grow Program, the Urban 15
Chamber of Commerce of Las Vegas, the Las Vegas Latin Chamber 16
of Commerce, the Henderson Chamber of Commerce, the African 17
Chamber of Commerce and Tourism and the Asian Community 18
Development Council, to employ or contract with a marketing 19
professional on a part-time basis to provide marketing services for 20
the Program. 21
3. Any remaining balance of the appropriation made by 22
subsection 1 must not be committed for expenditure after June 30, 23
2027, by the entity to which the appropriation is made or any entity 24
to which money from the appropriation is granted or otherwise 25
transferred in any manner, and any portion of the appropriated 26
money remaining must not be spent for any purpose after 27
September 17, 2027, by either the entity to which the money was 28
appropriated or the entity to which the money was subsequently 29
granted or transferred, and must be reverted to the State General 30
Fund on or before September 17, 2027. 31
4. As used in this section, “Program” means the NV Grow 32
Program created pursuant to section 2 of the NV Grow Act, chapter 33
459, Statutes of Nevada 2015, as last amended by chapter 440, 34
Statutes of Nevada 2023, at page 2707. 35
Sec. 4. Any remaining balance of the money received by the 36
Division of Small Business and Entrepreneurship Development of 37
the College of Southern Nevada from any gifts, grants or donations 38
accepted by the Division pursuant to section 4.5 of the NV Grow 39
Act, chapter 459, Statutes of Nevada 2015, as last amended by 40
chapter 570, Statutes of Nevada 2019, at page 3669, that has not 41
been committed for expenditure before July 1, 2025, must be 42
transferred to an account in the State General Fund, administered by 43
the College of Southern Nevada for the purposes of carrying out the 44
provisions of the NV Grow Act. 45
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Sec. 5. Upon acceptance of the money appropriated by section 1
3 of this act, the College of Southern Nevada agrees to: 2
1. Prepare and transmit a report to the Interim Finance 3
Committee on or before December 18, 2026, that describes each 4
expenditure made from the money appropriated by section 3 of this 5
act, other than the money allocated pursuant to subsection 2 of 6
section 3 of this act, from the date on which the money was received 7
by the College of Southern Nevada through December 1, 2026; 8
2. Prepare and transmit a final report to the Interim Finance 9
Committee on or before September 17, 2027, that describes each 10
expenditure made from the money appropriated by section 3 of this 11
act, other than the money allocated pursuant to subsection 2 of 12
section 3 of this act, from the date on which the money was received 13
by College of Southern Nevada through June 30, 2027; and 14
3. Upon request of the Legislative Commission, make available 15
to the Legislative Auditor any of the books, accounts, claims, 16
reports, vouchers or other records of information, confidential or 17
otherwise, of the College of Southern Nevada, regardless of their 18
form or location, that the Legislative Auditor deems necessary to 19
conduct an audit of the use of the money appropriated pursuant to 20
section 3 of this act. 21
Sec. 6. This act becomes effective on July 1, 2025. 22
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