Bill > AB74A

This bill expands the authority of the Board of Regents of the University of Nevada and public bodies to enter into collaborative agreements and partnerships. Specifically, the bill allows the Board of Regents to establish agreements with public or private entities (for-profit or non-profit) to enhance educational programs and student life, with required provisions such as shared goals, cost allocations, and employee supervision. The bill also introduces comprehensive guidelines for public-private partnerships (P3s), defining key terms like "facility," "private partner," and "concession." These P3 agreements can now cover a wide range of activities including planning, financing, designing, constructing, maintaining, and operating facilities, with the important caveat that any construction work must adhere to prevailing wage requirements and public bidding rules if 25% or more of the project is funded by public money. The legislation aims to provide more flexibility for public entities to collaborate with private partners while maintaining transparency and fair labor standards. The bill will become effective on July 1, 2023, and represents a significant expansion of potential collaborative arrangements for public institutions in Nevada.

https://www.leg.state.nv.us/App/NELIS/REL/83rd2025/Bill/11907/Overview