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NV AB462

NV AB462
Revises provisions relating to economic development. (BDR 22-823)


summary

Introduced
03/17/2025
In Committee
06/01/2025
Crossed Over
05/29/2025
Passed
06/09/2025
Dead
Signed/Enacted/Adopted
06/09/2025

Introduced Session

Potential new amendment
83rd Legislature (2025)

Bill Summary

AN ACT relating to economic development; authorizing the creation of an industrial park in a contiguous area that meets certain requirements; authorizing the creation of a tax increment area and the issuance of bonds and other securities for certain projects within an inland port or industrial park; requiring the designation of a teacher or other licensed educational personnel to coordinate career pathways programs at each high school which offers such programs; creating the Career Pathways Oversight Committee; requiring the appointment of a Career Pathways Oversight Coordinator; revising provisions governing the Teacher Academy College Pathway Program; revising provisions governing the program for reimbursement of tuition and fees paid by teachers who completed the Program; and providing other matters properly relating thereto.

AI Summary

This bill revises provisions related to economic development, focusing on two main areas: inland ports and industrial parks, and career pathways programs in schools. For inland ports and industrial parks, the bill expands existing law to allow the creation of industrial parks alongside inland ports, authorizing participating entities to create tax increment areas to fund infrastructure and development projects. These areas can generate special tax revenues to pay for projects like drainage, street improvements, water systems, and transportation infrastructure. The bill also establishes detailed provisions for how these tax increment areas can be created, managed, and financed. In the education sector, the bill requires school districts to designate coordinators for career pathways programs, creates a Career Pathways Oversight Committee to evaluate these programs, and modifies the Teacher Academy College Pathway Program. The program changes include requiring dual credit courses aligned with education degrees, establishing work-based learning requirements for students, and expanding reimbursement eligibility for teachers who complete the program. Additionally, the bill provides more flexibility for school districts in implementing these programs and creates a mechanism for students or parents to request hearings about program implementation. The overall goal is to support economic development through strategic infrastructure investments and create more robust career preparation pathways for students interested in teaching.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (1)

Last Action

Chapter 428. (Effective July 1, 2025) (on 06/09/2025)

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