NevadaNevada sets aside $750,000 to support regional economic development groups
Nevada’s Office of Economic Development gets $375,000 for each of two fiscal years to support designated regional groups, with deadlines for spending and returning unused money.
What it does
Nevada sets aside $375,000 for each of fiscal years 2025–2026 and 2026–2027 to support designated regional economic development groups. Recipients must meet spending deadlines and return unused money.
Argument forFunding for two fiscal years could help designated regional groups plan and pay for their economic development work.
Argument againstThe spending deadlines could leave regional groups unable to use all their funding if their work takes longer than expected.
More detail
The law sets aside $750,000 from Nevada’s State General Fund for the Office of Economic Development in the Governor’s office. The money supports regional development groups designated by the office’s executive director. The office and anyone receiving this money through grants or transfers cannot commit it to expenses after June 30, 2026, for first-year funds or June 30, 2027, for second-year funds. First-year money cannot be spent after September 18, 2026, and unused money must return to the State General Fund on or before that date. Second-year money cannot be spent after September 17, 2027, and unused money must return to the State General Fund on or before that date. The law took effect 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 6Chapter 352.Latest
- Jun 5Approved by the Governor Joe Lombardo.Became Law
- Jun 4Enrolled and delivered to Governor.To Governor
- Jun 2To enrollment.Major
- Jun 1In Senate.
- May 31Read third time. Passed. Title approved. (Yeas: 41, Nays: None, Excused: 1.) To Senate.Passed House
- Vote recorded Assembly (As Introduced). 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 23In Assembly. Read first time. Referred to Committee on Ways and Means. To committee.Minor
- May 22Read third time. Passed. Title approved. (Yeas: 21, Nays: None.) To Assembly.Passed Senate
- Vote recorded Senate (As Introduced). Result: pass.Upper
- May 21Read second time.Minor
- May 20From committee: Do pass. Placed on Second Reading File.Minor
- May 16From printer. To committee.
- May 15Read first time. Referred to Committee on Finance. To printer.Introduced
Economy & JobsTaxes & Budget