NevadaState bonds fund school grants in counties under 15,000 people
Since July 1, 2025, the state must issue up to $100 million in bonds and use the proceeds, including accrued interest, for school grants in counties under 15,000 people.
What it does
The state must issue up to $100 million in bonds for grants from the existing school building fund. The grants must go to districts in counties with fewer than 15,000 people.
Argument forThe grants could help eligible districts in smaller counties pay for major school building projects.
Argument againstDistricts in larger counties could be left out of these grants even if their school buildings need similar repairs.
More detail
The State Board of Finance must issue state general obligation bonds, up to a total face amount of $100 million. The grants must go to school districts in counties with fewer than 15,000 people. Bond proceeds, including any accrued interest, must be deposited in the existing school capital-improvement fund. The finance director must use the proceeds to make grants under the existing grant rules. The law took effect July 1, 2025. No separate deadline for issuing the bonds or making grants is stated.
Where do you stand?
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Where it stands
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Jun 9Approved by the Governor Joe Lombardo. Chapter 415.Became Law
- Jun 5Enrolled and delivered to Governor.To Governor
- Jun 2From committee: Do pass. Placed on General File. Read third time. Passed. Title approved. (Yeas: 21, Nays: None.) To Assembly. In Assembly. To enrollment.Passed Senate
- Vote recorded Senate (1st Reprint). Result: pass.Upper
- May 31To committee.
- May 30From committee: Do pass. Placed on Second Reading File. Read second time. Taken from General File. Re-referred to Committee on Finance. To committee.Minor
- May 29In Senate. Read first time. Referred to Committee on Government Affairs. To committee.Minor
- May 28From committee: Do pass, as amended. Placed on General File. Read third time. Passed, as amended. Title approved. (Yeas: 41, Nays: 1.) To Senate.Passed Assembly
- Vote recorded Assembly (1st Reprint). Result: pass.Lower
- Apr 11From printer. To engrossment. Engrossed. First reprint. To committee.
- Apr 10Read second time. Amended. (Amend. No. 126.) Taken from General File. Rereferred to Committee on Ways and Means. Exemption effective. To printer.Minor
- Apr 7From committee: Amend, and do pass as amended.Minor
- Feb 18Notice of eligibility for exemption.
- Feb 6From printer. To committee.
- Feb 4Read first time. To printer.Minor
- Feb 3Prefiled. Referred to Committee on Government Affairs.Introduced
EducationTaxes & Budget