NevadaNevada requires borrowing up to $10.5 million for Tahoe projects
Nevada must borrow up to $10.5 million through state bonds to fund Lake Tahoe projects that protect natural resources and improve recreation.
What it does
Nevada requires borrowing up to $10.5 million for Lake Tahoe environmental projects and recreation. Money raised through the bonds and interest it earns fund these activities.
Nevada’s Division of State Lands may spend this money on other activities, but only with written approval from the Interim Finance Committee before starting.
Argument forThe funding could help protect Lake Tahoe’s forests and water by paying for forest restoration, erosion control, and stream repairs.
Argument againstBorrowing for these projects could leave Nevada with debt to repay, committing state money beyond the projects’ immediate costs.
More detail
Nevada’s State Board of Finance must borrow up to $10.5 million through state bonds, which are debts the state must repay. Nevada’s Department of Conservation and Natural Resources carries out the projects. Listed uses cover environmental protection and recreation in the Lake Tahoe Basin. These bonds count toward the $100 million authorized in 2009. Money raised through the bonds and interest it earns must go into the Fund to Protect the Lake Tahoe Basin. The law took effect on July 1, 2025.
Nevada’s Division of State Lands may use the money for activities outside the law’s listed uses. This permission covers money provided through the law’s Lake Tahoe bond funding requirement. The Interim Finance Committee must approve the use in writing before the Division starts the activity. This permission took effect on July 1, 2025.
Where do you stand?
Choose your position
Tell your reps
Take a position to see your representatives and ways to contact them.
Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Jun 6Approved by the Governor Joe Lombardo. Chapter 377.Became Law
- Jun 4Enrolled and delivered to Governor.To Governor
- Jun 2To enrollment.Major
- Jun 1In Senate.
- May 31Read third time. Passed. Title approved. Preamble adopted. (Yeas: 39, Nays: None, Excused: 3.) To Senate.Passed House
- Vote recorded Assembly (1st Reprint). Result: pass.Lower
- May 30Taken from General File. Placed on General File for next legislative day.
- May 29Taken from General File. Placed on General File for next legislative day.
- May 28From committee: Do pass. Placed on Second Reading File. Read second time.Minor
- May 23Withdrawn from Committee on Judiciary. Rereferred to Committee on Ways and Means. To committee.Minor
- May 22In Assembly. Read first time. Referred to Committee on Judiciary. To committee.Minor
- May 21Read third time. Passed, as amended. Title approved. Preamble adopted. (Yeas: 21, Nays: None.) To Assembly.Passed Senate
- Vote recorded Senate (1st Reprint). Result: pass.Upper
- May 20Taken from General File. Placed on General File for next legislative day.
- May 19From committee: Do pass.Minor
- Apr 16From printer. To engrossment. Engrossed. First reprint. To committee.
- Apr 15From committee: Amend, and do pass as amended. Placed on Second Reading File. Read second time. Amended. (Amend. No. 216.) Taken from General File. Re-referred to Committee on Finance. Exemption effective. To printer.Minor
- Apr 3Notice of eligibility for exemption.
- Feb 3Read first time. To committee.Minor
- Jan 10From printer.
- Jan 7Prefiled. Referred to Committee on Natural Resources. To printer.Introduced
Environment & EnergyTaxes & Budget