Nevada SB18 revises state financial administration by allowing state agencies to retain 50% of unobligated balances from the State General Fund or.
Nevada SB18 amends state financial administration by allowing state agencies to retain 50% of any remaining balances of appropriations from the State General Fund or State Highway Fund that are not obligated by June 30 of the fiscal year. This retained money can be used for any purpose within the responsibilities of the state agency. The bill also modifies the reversion of balances to the funding source and includes exceptions for certain agencies and funds. This act becomes effective on July 1, 2025.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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