summary
Introduced
02/04/2025
02/04/2025
In Committee
09/27/2024
09/27/2024
Crossed Over
Passed
Dead
04/12/2025
04/12/2025
Introduced Session
83rd Legislature (2025)
Bill Summary
AN ACT relating to state purchasing; providing for the disposition of rebates for purchases made with procurement cards; and providing other matters properly relating thereto.
AI Summary
This bill establishes a new procedure for handling rebates from procurement card purchases by state agencies. Specifically, when a state agency receives a rebate from purchases made using a procurement card (a charge card issued to agencies for buying goods and services), the rebate will be split evenly: 50% will be deposited into the state's Rainy Day Fund (officially called the Account to Stabilize the Operation of the State Government), and 50% will be returned to the agency that made the purchase. The bill includes important restrictions on how these funds can be used: neither the Rainy Day Fund deposit nor the agency's portion can be used to replace existing funding sources. Additionally, the agency's portion of the rebate can be used at the discretion of the agency's head. Administrative costs will be deducted from the rebate before this split occurs. The bill will take effect on July 1, 2025, and applies to procurement card rebates that are not otherwise restricted by existing laws or regulations.
Committee Categories
Government Affairs
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Government Affairs (Assembly)
Last Action
(Pursuant to Joint Standing Rule No. 14.3.1, no further action allowed.) (on 04/12/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.leg.state.nv.us/App/NELIS/REL/83rd2025/Bill/11745/Overview |
| BillText | https://www.leg.state.nv.us/Session/83rd2025/Bills/AB/AB2.pdf |
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