Bill > SB502

This bill authorizes and provides funding for numerous capital improvement projects across various Nevada state agencies and departments for the 2025-2027 biennium, totaling approximately $99.5 million from the State General Fund, $9.9 million from the State Highway Fund, and up to $800.9 million through general obligation bonds. The projects span a wide range of infrastructure improvements, including building renovations, facility maintenance, HVAC system replacements, security enhancements, accessibility upgrades, and site improvements for entities such as the Department of Administration, Department of Corrections, Department of Human Services, Nevada System of Higher Education, Department of Veterans Services, and many others. The bill also establishes specific guidelines for expending these funds, including deadlines for commitment and spending, and requires that any unspent funds be reverted to the appropriate fund by September 21, 2029. Additionally, the bill levies property taxes to support bond repayment and provides mechanisms for the State Board of Finance to issue bonds and the State Controller to advance funds temporarily for project initiation. The legislation aims to maintain and improve state infrastructure, address deferred maintenance, and ensure facilities meet current safety, accessibility, and operational standards.

Budget and Finance

Finance (S)

https://www.leg.state.nv.us/App/NELIS/REL/83rd2025/Bill/12953/Overview