Bill > SB18

This bill modifies state financial administration rules by allowing certain state agencies within the Executive Department to retain 50 percent of unobligated fund balances at the end of a fiscal year from the State General Fund or State Highway Fund, instead of having those funds automatically revert back to their original funding source. Specifically, the bill permits these agencies to keep and use these retained funds for any purpose within their organizational responsibilities. The provision does not apply to supplemental or one-time appropriations, and excludes boards listed in a specific Nevada Revised Statute. The bill defines a "state agency" as any unit of the Executive Department of the State Government, with certain exceptions. This change provides more flexibility for state agencies in managing their budgets by allowing them to carry forward a portion of their unspent funds, potentially enabling more strategic financial planning and resource allocation. The bill will take effect on July 1, 2025, giving state agencies advance notice of the new financial management approach.

Government Affairs

Government Affairs (Senate)

https://www.leg.state.nv.us/App/NELIS/REL/83rd2025/Bill/11773/Overview