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Bill > AB8


NV AB8

Revises provisions relating to state financial administration. (BDR 31-378)


summary

Introduced
02/04/2025
In Committee
05/19/2025
Crossed Over
04/15/2025
Passed
05/28/2025
Dead
Signed/Enacted/Adopted
05/28/2025

Introduced Session

83rd Legislature (2025)

Bill Summary

AN ACT relating to state financial administration; revising provisions governing deposits of public money under certain circumstances; and providing other matters properly relating thereto.

AI Summary

This bill modifies existing state law regarding the timing of public money deposits by state departments. Currently, most state departments are required to deposit money of $10,000 or more by the next working day, with exceptions for the Department of Wildlife and now, additionally, the Division of State Parks. Under this bill, the Division of State Parks will be allowed to delay depositing accumulated funds of $10,000 or more for up to 10 working days, similar to the existing exception for the Department of Wildlife. The bill does not change other deposit requirements, such as weekly deposit deadlines or the overall process of depositing funds into financial institutions designated by the State Treasurer. The modification provides more flexibility for the Division of State Parks in managing its cash flow and administrative processes. The bill will become effective immediately upon passage and approval, and failure to comply with these deposit requirements could still result in a misdemeanor charge for the responsible officer or department head.

Committee Categories

Government Affairs

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Government Affairs (A)

Last Action

Chapter 61. (on 05/28/2025)

bill text


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