Nevada AB347 revises state financial administration by increasing the value limit for gifts and grants state agencies can accept.
Nevada AB347 revises provisions relating to state financial administration by increasing the value limit for gifts and grants that state agencies can accept. The bill raises the threshold for gifts, including grants from nongovernmental sources, from $200,000 to $500,000. The Interim Finance Committee must consider acceptance proposals within 45 days, unless the Governor declares expeditious action necessary, reducing the timeframe to 15 days.
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