Nevada 2025 Regular Session

Nevada Assembly Bill AB355

Introduced
3/4/25  
Refer
3/4/25  
Report Pass
4/14/25  
Engrossed
4/17/25  
Refer
4/17/25  
Report Pass
5/16/25  
Enrolled
5/27/25  
Chaptered
5/30/25  

Caption

Revises provisions relating to education. (BDR 34-937)

Summary

AB355 revises Nevada law governing two state funds used to help school districts finance capital improvements: the Fund to Assist School Districts in Financing Capital Improvements and the Fund to Assist Rural School Districts in Financing Capital Improvements. The bill provides that money remaining in either fund at the end of a fiscal year does not revert to the State General Fund; instead, the balances are carried forward into the next fiscal year. This change is intended to preserve and accumulate resources for future school capital projects rather than returning unused money to the state’s general operating fund. The bill also expands the rural school district grant program. Under existing law, rural districts in counties under 100,000 population could receive grants tied to certain local taxes levied for capital projects. AB355 adds a new pathway for a rural district to apply for a grant when it receives a gift, grant, donation, or accrued interest for a capital project located on qualified tribal land. In those cases, the Director of the Office of Finance may award a matching grant from the rural fund in an amount equal to the donated amount or accrued interest, subject to available money and the project qualifying under the statute.

Impact

AB355 amends NRS 387.333, 387.3341, and 387.3343. It changes the fiscal treatment of both school capital improvement funds by making them nonreverting and allowing year-end balances to remain available for future use. It also broadens eligibility for grants from the rural school capital fund by authorizing grants tied to capital projects on qualified tribal land, even when the usual county tax trigger is not present. The bill affects the Office of Finance, rural school districts in counties under 100,000 population, and projects involving tribal land and related donations or interest earnings.

Sentiment

The bill appears to have been received very favorably. It passed the Assembly 42-0 and the Senate 21-0, indicating unanimous support in both chambers. The absence of recorded committee transcript opposition also suggests the measure was viewed as a practical funding adjustment for school capital needs, especially for rural districts and projects connected to tribal communities.

Contention

No significant opposition is reflected in the available record. The only likely policy questions raised by the bill’s structure are administrative and fiscal: whether allowing funds to carry forward could reduce flexibility in the General Fund, and how the new tribal-land grant provision will be implemented and documented by the Director of the Office of Finance. The bill’s expansion of grant eligibility for projects on qualified tribal land appears to have been the main substantive change, but the voting record suggests little or no controversy over that expansion.

Companion Bills

No companion bills found.

Previously Filed As

NV SB253

Revises provisions relating to education. (BDR 34-637)

NV SB403

Revises provisions relating to education. (BDR 34-611)

NV SB460

Revises provisions relating to education. (BDR 34-16)

NV AB389

Revises provisions relating to education. (BDR 34-1056)

NV SB224

Revises provisions relating to education. (BDR 34-72)

NV AB584

Revises provisions relating to education. (BDR 34-1035)

NV AB420

Revises provisions relating to education. (BDR 34-538)

NV AB335

Revises provisions relating to education. (BDR 34-837)

NV SB81

Revises various provisions governing education. (BDR 34-276)

NV AB531

Revises provisions relating to education. (BDR 34-525)

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