Bill > SB419

This bill revises provisions related to state financial administration, specifically focusing on the Economic Forum and the Technical Advisory Committee on Future State Revenues. The bill makes several key changes: it removes data processing services from the list of resources jointly provided by the Director of the Legislative Counsel Bureau and the Chief of the Budget Division, and instead authorizes the Director to enter into contracts for revenue forecasting and data processing services to support the Economic Forum and Technical Advisory Committee. Additionally, the bill moves the deadline for the Economic Forum's confirmation or revision of economic projections and revenue estimates from May 1 to April 1 of each odd-numbered year. The Economic Forum, which consists of experts appointed by the Governor, is responsible for making economic projections and estimating state revenue for the upcoming biennium. These changes aim to provide more flexibility in supporting the Forum's work and slightly adjust its reporting timeline, while maintaining the core function of providing accurate economic and revenue forecasts to the Governor and Legislature.

Government Affairs

Finance (S)

https://www.leg.state.nv.us/App/NELIS/REL/83rd2025/Bill/12764/Overview