Nevada AB2 revises state purchasing rules, requiring half of procurement card rebates to go to the Rainy Day Fund and the other half to the using.

Nevada AB2 amends state purchasing regulations by specifying the distribution of rebates from procurement card purchases. Fifty percent of these rebates must be deposited into the Rainy Day Fund and cannot replace existing funding. The remaining fifty percent is allocated to the using agency, which may use these funds at its discretion, provided it does not replace other funding sources. This bill aims to stabilize state operations while offering flexibility to agencies.

Nevada AB2 revises state purchasing rules, requiring half of procurement card rebates to go to the Rainy Day Fund and the other half to the using.

Nevada AB2 amends state purchasing regulations by specifying the distribution of rebates from procurement card purchases. Fifty percent of these rebates must be deposited into the Rainy Day Fund and cannot replace existing funding. The remaining fifty percent is allocated to the using agency, which may use these funds at its discretion, provided it does not replace other funding sources. This bill aims to stabilize state operations while offering flexibility to agencies.