AN ACT relating to the State Treasurer; establishing the Nevada Baby Bonds Program and the Nevada Baby Bonds Trust Fund; setting forth the duties and responsibilities of the State Treasurer in administering the Program and Trust Fund; authorizing the State Treasurer to adopt regulations relating to the Program; making an appropriation; and providing other matters properly relating thereto.
Sponsored By: Assembly Committee on Government Affairs
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Bill Overview
Analyzed Economic Effects
4 provisions identified: 3 benefits, 0 costs, 1 mixed.
$3,200 Baby Bonds for Nevada Children
Nevada creates state-managed Baby Bonds accounts with a one-time $3,200 credit for qualifying children. Children must be born in Nevada on or after January 1, 2026, with births covered by Medicaid or CHIP; limited funding triggers a lottery. Beneficiaries can claim their credit plus their share of net investment earnings at ages 18–29 after 12 immediately preceding months in Nevada. They must complete an approved financial-literacy course and promise to use the money for postsecondary education, buying a home, starting or buying a business, or investments in financial assets or personal capital that build long-term wages or wealth. The course covers consumer rights for these uses; credits and related earnings return to the fund upon death before eligibility or failure to submit a qualifying claim before age 30.
Children's Bond Savings Get Benefit Protections
Unless federal law says otherwise, Nevada-administered disability, health, and student-aid programs must exclude Baby Bonds credits and growth from personal assets. This protects access to those benefits, including student loans and grants. Beneficiaries with credits receive yearly statements showing their credit, projected growth, financial-wellness resources, and other program information. State agencies must provide contact information when the Treasurer requests it for these statements. The Treasurer must keep beneficiary records confidential and share them only when needed for program duties, after signing a confidentiality agreement.
Clearer Access Rights for Public Records
Beginning January 1, 2026, government records must remain open during office hours for inspection, copying, and summaries, subject to legal limits. Agencies cannot refuse access solely because a record is copyrighted, but federal copyright law still applies. They must remove or separate confidential parts rather than withhold the entire record. Requested electronic copies are required unless the record is unavailable electronically or disclosure exposes proprietary software or confidential information that cannot be separated. Custodians must prepare requested copies in the requested medium rather than require requesters to make them.
Nevada Funds Children's Baby Bonds Savings
Beginning July 1, 2025, Nevada provides $5 million from its General Fund to start the Baby Bonds Program. The trust fund can accept public money, private gifts, and donations; its property and income are exempt from Nevada and local taxes. The Treasurer manages the fund, and health officials must report qualifying births so credits can be assigned. The Treasurer can invest prudently, but not directly in Nevada state or local government obligations, and can hire services and buy insurance. Administration can use no more than 5% of program money each fiscal year, and the fund creates no general state debt or obligation beyond beneficiary credits.
Sponsors & Cosponsors
Sponsor
Assembly Committee on Government Affairs
Affiliation unavailable
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
(No further action taken.)
6/3/2025HouseTo committee.
2/10/2025HouseExemption effective.
2/10/2025HouseRereferred to Committee on Ways and Means.
2/10/2025HouseWithdrawn from Committee on Government Affairs.
2/10/2025HouseNotice of eligibility for exemption.
2/9/2025HouseRead first time. To committee.
2/4/2025HouseFrom printer.
11/26/2024HousePrefiled. Referred to Committee on Government Affairs. To printer.
11/20/2024House
Bill Text
As Introduced
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