All Roll Calls
Yes: 55 • No: 8
NevadaSB50283rd Regular Session (2025)SenateWALLET
AN ACT relating to projects of capital improvement; authorizing certain expenditures for certain projects of the Executive and Legislative Departments of the State Government; levying a property tax to support the Consolidated Bond Interest and Redemption Fund; making appropriations; and providing other matters properly relating thereto.
Sponsored By: Senate Committee on Finance
Signed by Governor
BDR S-1233
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Bill Overview
Analyzed Economic Effects
10 provisions identified: 5 benefits, 1 costs, 4 mixed.
Keeping state bond payments on track
The law authorizes $180.9 million in FY 2025–26 and $180.6 million in FY 2026–27 to make state bond payments. By July 1, 2025 and July 1, 2026, the Treasurer must estimate tax receipts and ask the Controller to reserve General Fund money if there is a shortfall. The Controller must transfer the reserve when payments are due, and unused transfers must revert by Sept 18, 2026 or Sept 17, 2027. Bond payment work program changes in this account do not need Interim Finance Committee approval.
Large state bonds for major projects
The State can issue up to $799,271,288 in new bonds and reuse $1,692,000 from older bonds, for no more than $800,963,288 total. The money funds the listed projects, including a forensic facility, a veterans home, and state office purchases. The reused bond money must be spent before new proceeds. No project funds may be committed after June 30, 2029, and any balance must return to the bond redemption account by Sept 21, 2029.
Maintenance funds for Nevada colleges
The law provides $3.0 million from the higher‑education capital fund for deferred maintenance at Nevada colleges and universities. The money comes from the annual slot machine tax, after paying any bond debt. Agencies cannot commit funds after June 30, 2029 or spend after Sept 21, 2029. Any leftover must return to the higher‑education capital fund by Sept 21, 2029.
General Fund for state building repairs
The law provides $99.5 million from the General Fund to the State Public Works Division for 2025–2027 projects. The money pays for facility maintenance, elevators, ADA, fire and life safety, and planning listed in the act. Agencies cannot commit funds after June 30, 2029 or spend after Sept 21, 2029. Any leftover must return to the General Fund by Sept 21, 2029.
Highway Fund projects and timing controls
The law provides $9.9 million from the State Highway Fund for listed 2025–2027 projects. The Controller releases money only when a project needs it and only to pay contract bills. Agencies cannot commit funds after June 30, 2029 or spend after Sept 21, 2029. Any leftover returns to the Highway Fund by Sept 21, 2029.
Upgrades to legislative buildings
The law moves $33.9 million from the General Fund to the Legislative Fund for capital projects at legislative facilities. The money pays for those building improvements during 2025–2027.
Homeowners pay added bond property tax
If you own taxable property, you pay two state bond levies in FY 2025–26 and FY 2026–27. The rates are 16.18 cents per $100 of assessed value (0.1618%) plus 0.82 cents per $100 (0.0082%). Of the larger levy, 1.18 cents does not count toward the normal property tax cap. Counties collect these taxes and send the money to repay state bonds.
Flexibility to move money between projects
With Interim Finance Committee approval, the Public Works Division can move money between projects within the same agency. This applies to projects funded in sections 1, 3, 6, and 8. For projects also tied to section 13, transfers must keep the overall funding mix unless that would block other authorized funds.
DMV facility bonds and repayments
The State may issue up to $6,718,797 in bonds for DMV facility projects named in the law. The Board of Finance cannot issue the bonds unless budgeted money will cover the debt. The Director of the Office of Finance must budget yearly debt payments from available Highway Fund money, after required highway bond payments, until the DMV bonds are paid. Those amounts are appropriated each year to the bond repayment fund.
Extra bonds and issuance cost payments
The State will issue up to $63,400,000 in general obligation bonds during 2025–2027 for projects named in 2019 law. The State may pay bond issuance costs from the bond proceeds, if money is available. Paying these costs lowers the money left for projects.
Sponsors & Cosponsors
Sponsor
Senate Committee on Finance
Affiliation unavailable
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 6/1/2025
Final Passage - Assembly (2nd Reprint)
Yes: 38 • No: 4
Senate vote • 5/21/2025
Final Passage - Senate (As Introduced)
Yes: 17 • No: 4
Actions Timeline
Chapter 515.
6/11/2025legislatureApproved by the Governor.
6/10/2025legislatureEnrolled and delivered to Governor.
6/6/2025legislatureTo enrollment.
6/4/2025SenateFrom printer. To re-engrossment. Re-engrossed. Fourth reprint.
6/4/2025SenateTo printer.
6/4/2025SenateIn Senate.
6/2/2025SenateAssembly Amendment No. 979 receded from. To Senate.
6/2/2025HouseIn Assembly.
6/2/2025HouseAssembly Amendment No. 979 not concurred in. To Assembly.
6/2/2025SenateAssembly Amendment No. 959 concurred in.
6/2/2025SenateIn Senate.
6/2/2025SenateTo Senate.
6/2/2025HouseFrom printer. To reengrossment. Reengrossed. Third reprint.
6/2/2025HouseTo printer.
6/1/2025HouseRead third time. Passed, as amended. Title approved. (Yeas: 38, Nays: 4.)
6/1/2025HouseDispensed with reprinting.
6/1/2025HouseRead third time. Amended. (Amend. Nos. 959 and 979.)
6/1/2025HousePlaced on General File.
6/1/2025HouseTaken from Chief Clerk's desk.
6/1/2025HousePlaced on Chief Clerk's desk.
5/31/2025HouseTaken from General File.
5/31/2025HouseTaken from General File. Placed on General File for next legislative day.
5/30/2025HouseTaken from General File. Placed on General File for next legislative day.
5/29/2025HouseFrom printer. To reengrossment. Reengrossed. Second reprint.
5/29/2025House
Bill Text
As Enrolled
As Introduced
Reprint 1
Reprint 2
Reprint 3
Reprint 4
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