Nevada AB224 authorizes the issuance of up to $100 million in bonds to fund capital improvements in school districts with populations under 15,000.

Nevada AB224 allows the State Board of Finance to issue general obligation bonds up to $100 million to assist school districts with populations under 15,000 in financing capital improvements. The proceeds from these bonds must be deposited with the State Treasurer and credited to the Fund to Assist School Districts in Financing Capital Improvements. The Director of the Office of Finance will use these funds to make grants to eligible school districts. The bill becomes effective on July 1, 2025.

Nevada AB224 authorizes the issuance of up to $100 million in bonds to fund capital improvements in school districts with populations under 15,000.

Nevada AB224 allows the State Board of Finance to issue general obligation bonds up to $100 million to assist school districts with populations under 15,000 in financing capital improvements. The proceeds from these bonds must be deposited with the State Treasurer and credited to the Fund to Assist School Districts in Financing Capital Improvements. The Director of the Office of Finance will use these funds to make grants to eligible school districts. The bill becomes effective on July 1, 2025.