EXEMPT
(Reprinted with amendments adopted on April 15, 2025)
FIRST REPRINT S.B. 83
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SENATE BILL NO. 83–COMMITTEE ON NATURAL RESOURCES
(ON BEHALF OF THE LEGISLATIVE COMMITTEE
FOR THE REVIEW AND OVERSIGHT OF THE
TAHOE REGIONAL PLANNING AGENCY AND
THE MARLETTE LAKE WATER SYSTEM)
PREFILED JANUARY 7, 2025
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Referred to Committee on Natural Resources
SUMMARY—Requires the issuance of bonds for environmental
improvement projects in the Lake Tahoe Basin.
(BDR S-376)
FISCAL NOTE: Effect on Local Government: No.
Effect on the State: No.
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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 the Lake Tahoe Basin; requiring the issuance of
general obligation bonds to carry out certain
environmental improvement projects included in the
second phase of the Environmental Improvement Program
for the Lake Tahoe Basin; and providing other matters
properly relating thereto.
Legislative Counsel’s Digest:
The Environmental Improvement Program was implemented in 1997 to carry 1
out projects to improve the environment in the Lake Tahoe Basin. The costs of the 2
Program are apportioned among the Federal Government, the States of Nevada and 3
California and local governments and owners of private property in both states. In 4
1999, the Nevada Legislature authorized the issuance of not more than $56.4 5
million in general obligation bonds to pay for a significant portion of Nevada’s 6
share of the costs of the first phase of the Program. (Chapter 514, Statutes of 7
Nevada 1999, at page 2626) 8
In 2009, the Nevada Legislature authorized the issuance of not more than $100 9
million in general obligation bonds to pay for Nevada’s share of the costs of the 10
second phase of the Program beginning on July 1, 2009, and ending on June 30, 11
2020. (Section 3 of chapter 431, Statutes of Nevada 2009, at page 2417) Issuance of 12
those bonds requires the approval of the Legislature or the Interim Finance 13
Committee. (Id.) In 2017, the Nevada Legislature extended the deadline for the 14
issuance of the remainder of the general obligation bonds that were authorized in 15
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2009 for the second phase of the Program from June 30, 2020, to June 30, 2030. 16
(Chapter 32, Statutes of Nevada 2017, at page 137) 17
Of the $100 million in general obligation bonds authorized to pay for Nevada’s 18
share of the costs of the second phase of the Program, the Nevada Legislature 19
required the issuance of: (1) not more than $4.42 million of those bonds in 2009; 20
(2) not more than $12 million of those bonds in 2011; (3) not more than $8 million 21
of those bonds in 2019; (4) not more than $4 million of those bonds in 2021; and 22
(5) not more than $13 million of those bonds in 2023. (Section 1 of chapter 431, 23
Statutes of Nevada 2009, at page 2416; section 1 of chapter 437, Statutes of Nevada 24
2011, at page 2638; section 1 of chapter 167, Statutes of Nevada 2019, at page 891; 25
section 1 of chapter 215, Statutes of Nevada 2021, at page 1008; section 1 of 26
chapter 99, Statutes of Nevada 2023, at page 501) 27
This bill requires the issuance of not more than $10.5 million of the $100 28
million in general obligation bonds authorized in 2009 to provide money to carry 29
out certain environmental improvement projects included in the second phase of the 30
Environmental Improvement Program and allows the use of interest accrued on the 31
proceeds of the general obligation bonds for the Program. 32
WHEREAS, The Lake Tahoe Basin exhibits unique 1
environmental and ecological conditions that are irreplaceable; and 2
WHEREAS, This State has a compelling interest in preserving, 3
protecting, restoring and enhancing the natural environment of the 4
Lake Tahoe Basin; and 5
WHEREAS, The preservation, protection, restoration and 6
enhancement of the natural environment of the Lake Tahoe Basin is 7
of such significance that it must be carried out on a continual basis; 8
and 9
WHEREAS, In October 1997, Governor Bob Miller, on behalf 10
of the State of Nevada, signed a Memorandum of Agreement 11
between the Federal Interagency Partnership on the Lake Tahoe 12
Ecosystem, the States of Nevada and California, the Washoe Tribe 13
of Nevada and California, the Tahoe Regional Planning Agency and 14
interested local governments, in which the parties affirmed their 15
commitment to the Tahoe Regional Planning Compact, to the sound 16
management and protection of the resources within the Lake Tahoe 17
Basin and the support of a healthy, sustainable economy and to 18
achieve environmental thresholds for Lake Tahoe, and agreed to 19
cooperate to carry out, including, without limitation, providing 20
financial support for, the Environmental Improvement Program; and 21
WHEREAS, The costs of carrying out the Environmental 22
Improvement Program have been apportioned among the Federal 23
Government, the States of Nevada and California and the local 24
governments and private property owners within both states; and 25
WHEREAS, The cost of carrying out the second phase of the 26
Environmental Improvement Program for the State of Nevada and 27
its political subdivisions is $100,000,000; and 28
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WHEREAS, Section 3 of chapter 431, Statutes of Nevada 2009, at 1
page 2417, authorized the State Board of Finance to issue general 2
obligation bonds of the State of Nevada in a total face amount of not 3
more than $100,000,000 to provide money to carry out the second 4
phase of the Environmental Improvement Program beginning on 5
July 1, 2009, and ending on June 30, 2020; and 6
WHEREAS, Section 2 of chapter 32, Statutes of Nevada 2017, at 7
page 138, extended the deadline for the State Board of Finance to 8
issue the remainder of the general obligation bonds of the State of 9
Nevada that were authorized in 2009 for the second phase of the 10
Environmental Improvement Program from June 30, 2020, to 11
June 30, 2030; and 12
WHEREAS, Section 1 of chapter 431, Statutes of Nevada 2009, at 13
page 2416, granted approval to the State Board of Finance to issue 14
$4,420,000 of those general obligation bonds to provide money to 15
carry out certain environmental improvement projects included in 16
the second phase of the Environmental Improvement Program; and 17
WHEREAS, Section 1 of chapter 437, Statutes of Nevada 2011, at 18
page 2638, granted approval to the State Board of Finance to issue 19
an additional $12,000,000 of those general obligation bonds to 20
provide money to carry out certain environmental improvement 21
projects included in the second phase of the Environmental 22
Improvement Program; and 23
WHEREAS, Section 1 of chapter 167, Statutes of Nevada 2019, at 24
page 891, granted approval to the State Board of Finance to issue an 25
additional $8,000,000 of those general obligation bonds to provide 26
money to carry out certain environmental improvement projects 27
included in the second phase of the Environmental Improvement 28
Program; and 29
WHEREAS, Section 1 of chapter 215, Statutes of Nevada 2021, at 30
page 1008, granted approval to the State Board of Finance to issue 31
an additional $4,000,000 of those general obligation bonds to 32
provide money to carry out certain environmental improvement 33
projects included in the second phase of the Environmental 34
Improvement Program; and 35
WHEREAS, Section 1 of chapter 99, Statutes of Nevada 2023, at 36
page 501, granted approval to the State Board of Finance to issue an 37
additional $13,000,000 of those general obligation bonds to provide 38
money to carry out certain environmental improvement projects 39
included in the second phase of the Environmental Improvement 40
Program; and 41
WHEREAS, The general obligation bonds authorized by chapter 42
431, Statutes of Nevada 2009, may only be issued with the prior 43
approval of the Legislature or the Interim Finance Committee and 44
pursuant to a schedule established by the Administrator of the 45
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Division of State Lands of the State Department of Conservation 1
and Natural Resources; now, therefore, 2
3
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN 4
SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: 5
6
Section 1. Money to carry out the Environmental 7
Improvement Program for the Lake Tahoe Basin established 8
pursuant to section 1 of chapter 514, Statutes of Nevada 1999, at 9
page 2627, must be provided by the issuance by the State Board of 10
Finance of general obligation bonds of the State of Nevada in a total 11
face amount of not more than $10,500,000 pursuant to NRS 349.150 12
to 349.364, inclusive. The proceeds of the bonds issued pursuant to 13
this section and any accrued interest thereon must be deposited in 14
the Fund to Protect the Lake Tahoe Basin created pursuant to 15
section 2 of chapter 514, Statutes of Nevada 1999, at page 2628, 16
and, except as otherwise provided in section 2 of this act, must be 17
used for the following activities related to the Environmental 18
Improvement Program to be carried out by the State Department of 19
Conservation and Natural Resources: 20
1. Continued implementation of forest health, restoration and 21
fuels management projects; 22
2. Control and prevention of invasive terrestrial and aquatic 23
species; 24
3. Enhancement of recreational opportunities; 25
4. Protection of sensitive species and improvement of wildlife 26
habitat; and 27
5. Water quality, erosion control and stream restoration and 28
enhancement projects of the Environmental Improvement Program 29
to be carried out pursuant to grants and project agreements. 30
Sec. 2. The Division of State Lands of the State Department of 31
Conservation and Natural Resources may use money authorized 32
pursuant to section 1 of this act for an activity other than an activity 33
listed in section 1 of this act if the Interim Finance Committee 34
approves such a use in writing before the Division of State Lands 35
engages in the activity. 36
Sec. 3. The Legislature finds and declares that the issuance of 37
securities and the incurrence of indebtedness pursuant to section 1 38
of this act: 39
1. Are necessary for the protection and preservation of the 40
natural resources of this State and for the purpose of obtaining the 41
benefits thereof; and 42
2. Constitute an exercise of the authority conferred by the 43
second paragraph of Section 3 of Article 9 of the Constitution of the 44
State of Nevada. 45
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Sec. 4. This act becomes effective on July 1, 2025. 1
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