Revises provisions relating to the Account for Student Indemnification. (BDR 34-544)
AB 164 raises the balance threshold in Nevada's Account for Student Indemnification from $250,000 to $750,000. This change exempts private postsecondary institutions licensed by Nevada's Commission on Postsecondary Education from paying a $5 fee per enrolled student quarterly when the account balance reaches $750,000 or higher. If the account balance later falls below $750,000, institutions must resume paying the fee until the balance recovers. The bill takes effect July 1, 2025, and does not impact state or local government finances.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2025
Committee Review
May 2025
Assembly Passage
May 2025
Senate Passage
May 2025
Signed into Law
May 2025
Introduced Jan 31, 2025
Signed May 28, 2025
Maddy AI version diff · 1 comparison
What changed between versions
As Introduced
→
As Enrolled
·
3 edits
·
May 28, 2025
MINOR
This bill raises the Account for Student Indemnification balance threshold from $250,000 to $750,000, meaning private postsecondary institutions only need to pay the $5 per-student quarterly fee when the account balance falls below $750,000 instead of $250,000. The change provides more financial cushion for the indemnification fund before requiring institutions to contribute fees, potentially reducing the financial burden on private schools while maintaining the fund's ability to cover student damages from school closures or violations.
Scope change
The bill's scope remains the same, applying to all privately owned postsecondary educational institutions licensed by the Commission on Postsecondary Education in Nevada.
FISCAL
Raised the Account for Student Indemnification balance threshold from $250,000 to $750,000, above which institutions are exempt from paying the $5 per-student quarterly fee.
REQUIREMENT
Updated the statutory language in NRS 394.557 to reflect the new $750,000 threshold for fee exemptions and reinstatement requirements.
TECHNICAL
Changed document formatting from 'As Introduced' bill format to 'As Enrolled' chapter format, including removal of committee referral and majority vote requirements.
Floor votes · Senate May 23, 2025 · Assembly Apr 22, 2025
How they voted
20–0
Passed
Total votes 20
May 23, 2025
D
Democratic12
100% Yea
R
Republican8
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
25
Key actions
6
Committee
2
May 28, 2025
Signed into law
Approved by the Governor.
Chapter 74.
executive
May 26, 2025
Lower · Passed
In Assembly. To enrollment.
lower
May 23, 2025
Upper · Passed
Read third time. Passed. Title approved. (Yeas: 21, Nays: None.) To Assembly.
upper
May 19, 2025
Upper · Passed
From committee: Do pass.
Placed on Second Reading File.
Read second time.
upper
Apr 22, 2025
Lower · Passed
Read third time. Passed. Title approved. (Yeas: 42, Nays: None.) To Senate.
lower
Mar 26, 2025
Lower · Passed
From committee: Do pass.
lower
Jan 31, 2025
Introduced
Prefiled. Referred to Committee on Education. To printer.
lower
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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