Revises provisions governing the Board of Economic Development. (BDR 18-419)

AB 538 revises Nevada's process for approving tax incentives like credits and abatements for businesses. It requires the Board of Economic Development to approve applications exceeding $500,000 for partial tax abatements or $100,000 for new businesses, and mandates that the Office of Economic Development notify local governments in rural counties (population under 100,000) within 15 days of receiving such applications. Local entities - county governments, cities, school districts, and community colleges - must appoint temporary voting members to the Board for specific applications, though these members don’t count toward quorum or receive compensation. The bill ensures rural communities have input on economic development projects while maintaining the Board’s final approval authority.