Authorizes the Nevada System of Higher Education to create a faculty compensation system that includes regular in-rank salary increases. (BDR 34-382)

AN ACT relating to education; encouraging the Board of Regents of the University of Nevada to establish a comprehensive system for the compensation of the unclassified employees of the Nevada System of Higher Education that contains certain provisions; encouraging the Board to evaluate factors relating to compensation of unclassified employees of the System and make recommendations to the Legislature; requiring the Board to annually report certain information to the Interim Finance Committee if it creates such a comprehensive system for the compensation of the unclassified employees of the System; requiring the Interim Finance Committee to make certain determinations regarding such a comprehensive system for the compensation of the unclassified employees of the System; providing for the separate transmission of certain budgetary information relating to such a comprehensive system for the compensation of the unclassified employees of the System in certain circumstances; and providing other matters properly relating thereto.