Nevada AB587 requires the transfer of funds from the Rainy Day Account to the State General Fund for fiscal years 2025-2026 and 2026-2027.
Nevada AB587 mandates the transfer of certain funds from the Account to Stabilize the Operation of the State Government, also known as the Rainy Day Account, to the State General Fund. This account holds surplus state revenues for fiscal emergencies. The bill specifies the transfer of $288,742,305 for fiscal year 2025-2026 and $61,813,016 for fiscal year 2026-2027, to be used for unrestricted State General Fund purposes. The act becomes effective on July 1, 2025.
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