Revises provisions relating to the Governor Guinn Millennium Scholarship Program. (BDR 34-1129)

SB 463 increases the portion of expected annual revenue from Nevada's tobacco settlement agreements and lawsuits that can cover administrative costs for the Governor Guinn Millennium Scholarship Program. Specifically, it raises the allowable percentage from 3% to 10% of this revenue for Trust Fund administration, while keeping the separate Endowment Account cap at 3%. This change allows more flexibility for operational expenses without increasing overall funding. The bill directly affects how the State Treasurer manages the scholarship program's budget, capping total administrative funding at 13% of tobacco-related revenue. It becomes effective July 1, 2025.