Nevada Senate Bill SB479

Nevada 2025 Regular Session

• Introduced: 5/15/25
• Refer: 5/15/25
• Report Pass: 5/20/25
• Engrossed: 5/23/25
• Refer: 5/23/25
• Report Pass: 5/28/25
• Enrolled: 6/4/25
• Chaptered: 6/6/25
• Passed: 6/6/25

Caption

Makes an appropriation to the Office of Economic Development in the Office of the Governor for the support of designated regional development authorities. (BDR S-1189)

Impact

If enacted, SB479 will enact financial provisions that bolster the operational capacities of regional development authorities. By providing these funds, the bill aims to promote economic growth within the state, which could positively impact local economies, create jobs, and stimulate investments in various sectors. The fiscal support is intended to empower regions to execute development plans that would otherwise lack the necessary funding.

Summary

Senate Bill No. 479 seeks to make an appropriation from the State General Fund to the Office of Economic Development in support of designated regional development authorities. The bill allocates $375,000 for each of the fiscal years 2025-2026 and 2026-2027. The purpose of this appropriation is to enhance regional economic development through designated authorities appointed by the Executive Director of the Office of Economic Development, as per existing state regulations.

Contention

While the bill appears to be largely supportive of regional economic initiatives, discussions around similar appropriations can sometimes raise questions concerning fiscal accountability and the effectiveness of such financial distributions. Stakeholders may debate whether the appropriated funds will be managed correctly and whether they will lead to the intended economic outcomes. The lack of provisions for monitoring or evaluation results could be a point of contention among lawmakers and the public as they assess the long-term impact of SB479.