Nevada 2025 2025 Regular Session

Nevada Senate Bill SB144 Introduced / Bill

                      
  
  	S.B. 144 
 
- 	*SB144* 
 
SENATE BILL NO. 144–SENATOR SCHEIBLE 
 
PREFILED JANUARY 30, 2025 
____________ 
 
Referred to Committee on Legislative Operations and Elections 
 
SUMMARY—Revises provisions governing financial disclosure 
statements filed by certain public officers and 
candidates for public office. (BDR 23-176) 
 
FISCAL NOTE: Effect on Local Government: No. 
 Effect on the State: Yes. 
 
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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 public office; revising provisions governing 
financial disclosure statements filed by certain public 
officers and candidates for public office; and providing 
other matters properly relating thereto. 
Legislative Counsel’s Digest: 
 The Nevada Financial Disclosure Act requires certain public officers and 1 
candidates for public office to disclose certain information in financial disclosure 2 
statements filed with the Secretary of State. (NRS 281.005, 281.5555-281.581) In 3 
part, existing law requires the disclosure of each business entity with which the 4 
public officer or candidate or a member of the public officer’s or candidate’s 5 
household is involved as a holder of a class of stock or security representing 1 6 
percent or more of the total outstanding stock or securities issued by the business 7 
entity. (NRS 281.571) This bill also requires the disclosure of each business entity 8 
with which the public officer or candidate or a member of the public officer’s or 9 
candidate’s household is involved as a holder of a class of stock or security issued 10 
by the business entity that is valued at $5,000 or more. 11 
 
 
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN 
SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: 
 
 Section 1.  NRS 281.571 is hereby amended to read as follows: 1 
 281.571 Each financial disclosure statement must contain the 2 
following information concerning the public officer or candidate: 3 
 1. The public officer’s or candidate’s length of residence in the 4 
State of Nevada and the district in which the public officer or 5 
candidate is registered to vote. 6   
 	– 2 – 
 
 
- 	*SB144* 
 2. Each source of the public officer’s or candidate’s income, or 1 
that of any member of the public officer’s or candidate’s household 2 
who is 18 years of age or older. No listing of individual clients, 3 
customers or patients is required, but if that is the case, a general 4 
source such as “professional services” must be disclosed. 5 
 3. A list of the specific location and particular use of real 6 
estate, other than a personal residence: 7 
 (a) In which the public officer or candidate or a member of the 8 
public officer’s or candidate’s household has a legal or beneficial 9 
interest; 10 
 (b) Whose fair market value is $2,500 or more; and 11 
 (c) That is located in this State or an adjacent state. 12 
 4. The name of each creditor to whom the public officer or 13 
candidate or a member of the public officer’s or candidate’s 14 
household owes $5,000 or more, except for: 15 
 (a) A debt secured by a mortgage or deed of trust of real 16 
property which is not required to be listed pursuant to subsection 3; 17 
and 18 
 (b) A debt for which a security interest in a motor vehicle for 19 
personal use was retained by the seller. 20 
 5. If the public officer or candidate has undertaken or attended 21 
any educational or informational meetings, events or trips during the 22 
immediately preceding calendar year or other period for which the 23 
public officer or candidate is filing the financial disclosure 24 
statement, a list of all such meetings, events or trips, including: 25 
 (a) The purpose and location of the meeting, event or trip and 26 
the name of the organization conducting, sponsoring, hosting or 27 
requesting the meeting, event or trip; 28 
 (b) The identity of each interested person providing anything of 29 
value to the public officer or candidate or a member of the public 30 
officer’s or candidate’s household to undertake or attend the 31 
meeting, event or trip; and 32 
 (c) The aggregate value of everything provided by those 33 
interested persons to the public officer or candidate or a member of 34 
the public officer’s or candidate’s household to undertake or attend 35 
the meeting, event or trip. 36 
 6.  If the public officer or candidate has received any gifts in 37 
excess of an aggregate value of $200 from a donor during the 38 
immediately preceding calendar year or other period for which the 39 
public officer or candidate is filing the financial disclosure 40 
statement, a list of all such gifts, including the identity of the donor 41 
and the value of each gift.  42 
 7.  A list of each business entity with which the public officer 43 
or candidate or a member of the public officer’s or candidate’s 44 
household is involved as a trustee, beneficiary of a trust, director, 45   
 	– 3 – 
 
 
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officer, owner in whole or in part, limited or general partner, or 1 
holder of a class of stock or security [representing] issued by the 2 
business entity that: 3 
 (a) Represents 1 percent or more of the total outstanding stock 4 
or securities issued by the business entity [.] ; or 5 
 (b) Is valued at $5,000 or more. 6 
 8.  A list of all public offices presently held by the public 7 
officer or candidate for which this financial disclosure statement is 8 
required. 9 
 Sec. 2.  This act becomes effective on July 1, 2025. 10 
 
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