Nevada AB355 revises provisions relating to education funding for capital improvements in school districts.
Nevada AB355 creates the Fund to Assist School Districts in Financing Capital Improvements and the Fund to Assist Rural School Districts in Financing Capital Improvements in the State Treasury. These funds will be used to provide grants for construction, design, purchase, enlargement, remodeling, repair, and acquisition of sites for schools. The funds must be invested similarly to other state funds, and any remaining balance at the end of a fiscal year will be carried forward to the next fiscal year.
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