Nevada AB508 revises financial administration provisions, including changes to the Economic Forum's revenue estimates, funding for the Cannabis.
Nevada AB508 modifies several financial administration provisions. It requires the Economic Forum to provide an estimate of future state revenue for the State Education Fund. The bill revises the funding formula for the Cannabis Compliance Board, eliminating the cap on funds from cannabis tax revenues. It also changes the date for certain payments to the State Education Fund by school districts, charter schools, or university schools for profoundly gifted pupils. Additionally, the bill appropriates funds to the Cannabis Compliance Board for fiscal years 2025-2026 and 2026-2027.
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