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NV AB558

NV AB558
Makes appropriations to restore the balances in the Stale Claims Account, the Emergency Account and the Contingency Account. (BDR S-1171)


summary

Introduced
05/14/2025
In Committee
06/01/2025
Crossed Over
05/27/2025
Passed
06/09/2025
Dead
Signed/Enacted/Adopted
06/09/2025

Introduced Session

Potential new amendment
83rd Legislature (2025)

Bill Summary

AN ACT making appropriations to restore the balances in the Stale Claims Account, the Emergency Account and the Contingency Account; and providing other matters properly relating thereto.

AI Summary

This bill makes appropriations from the State General Fund to restore balances in three specific state accounts: the Stale Claims Account, the Emergency Account, and the Contingency Account. Specifically, the bill allocates $4,616,752 to the Stale Claims Account (which is established under Nevada Revised Statutes 353.097), $17,000 to the Emergency Account (created by NRS 353.263), and $25,730,726 to the Contingency Account (established by NRS 353.266). These accounts are likely used for specific state financial purposes such as handling unclaimed funds, managing unexpected expenses, or maintaining fiscal flexibility. The total appropriation amounts to $30,364,478 from the State General Fund. The bill will become effective immediately upon its passage and approval, and appears to be part of the 83rd legislative session in 2025. These appropriations suggest the state is replenishing funds that may have been depleted or used for their intended purposes, ensuring these special accounts maintain adequate balances for future use.

Committee Categories

Budget and Finance

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Ways and Means (Assembly)

Last Action

Chapter 398. (Effective June 9, 2025) (on 06/09/2025)

bill text


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