S.B. 145
- *SB145*
SENATE BILL NO. 145–SENATOR TAYLOR
PREFILED JANUARY 30, 2025
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Referred to Committee on Finance
SUMMARY—Makes a contingent appropriation for the restoration
and refurbishment of the Lear Theater in Reno,
Nevada. (BDR S-765)
FISCAL NOTE: Effect on Local Government: May have Fiscal Impact.
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 making a contingent appropriation for allocation to the
City of Reno for the restoration and refurbishment of the
Lear Theater in Reno, Nevada; and providing other
matters properly relating thereto.
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN
SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
Section 1. 1. There is hereby appropriated from the State 1
General Fund to the Interim Finance Committee the sum of 2
$12,500,000 for allocation to the City of Reno for the restoration 3
and refurbishment of the Lear Theater in Reno, Nevada, including, 4
without limitation, any necessary repairs to meet the requirements of 5
any applicable building, fire, health and safety codes. 6
2. Allocation of the money appropriated by subsection 1 is 7
contingent upon matching money being obtained by the City of 8
Reno, including, without limitation, gifts, grants and donations to 9
the City of Reno from private and public sources of money other 10
than the appropriation made by subsection 1. The Interim Finance 11
Committee shall not direct the transfer of any portion of money 12
from the appropriation made by subsection 1 until the City Manager 13
of the City of Reno submits to the Committee proof satisfactory to 14
the Committee that matching money in an equivalent amount has 15
been committed. 16
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- *SB145*
3. Upon acceptance of the money appropriated by subsection 1, 1
the City Manager of the City of Reno agrees to: 2
(a) 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 subsection 1 5
from the date on which the money was received by the City of Reno 6
through December 1, 2026; 7
(b) Prepare and transmit a final report to the Interim Finance 8
Committee on or before September 17, 2027, that describes each 9
expenditure made from the money appropriated by subsection 1 10
from the date on which the money was received by the City of Reno 11
through June 30, 2027; and 12
(c) Upon request of the Legislative Commission, make available 13
to the Legislative Auditor any of the books, accounts, claims, 14
reports, vouchers or other records of information, confidential or 15
otherwise, of the City of Reno, regardless of their form or location, 16
that the Legislative Auditor deems necessary to conduct an audit of 17
the use of the money appropriated by subsection 1. 18
4. Any remaining balance of the appropriation made by 19
subsection 1 must not be committed for expenditure after June 30, 20
2027, by the entity to which the appropriation is made or any entity 21
to which money from the appropriation is granted or otherwise 22
transferred in any manner, and any portion of the appropriated 23
money remaining must not be spent for any purpose after 24
September 17, 2027, by either the entity to which the money was 25
appropriated or the entity to which the money was subsequently 26
granted or transferred, and must be reverted to the State General 27
Fund on or before September 17, 2027. 28
Sec. 2. This act becomes effective upon passage and approval. 29
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