Revises various provisions relating to state financial administration. (BDR 31-930)
AB 508 revises Nevada's state financial administration rules, primarily affecting the State Education Fund and public schools. It requires the Economic Forum to estimate revenue specifically needed for the Education Fund (beyond general revenue), changes how budget reserves for education are calculated (removing enrollment growth as a factor), and adjusts payment deadlines for gifted student program funding (moving the due date from September 25 to September 1). The bill also modifies cannabis tax revenue distribution by ending the use of wholesale cannabis tax funds to cover the Cannabis Compliance Board's costs, while maintaining a $5 million appropriation to the Board for its regulatory work. These changes directly impact state budget planning, school funding allocations, and cannabis regulatory financing.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 24, 2025
Last action Jun 3, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
1
Committee
1
Mar 26, 2025
Lower · Passed
From printer. To committee.
lower
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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