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AB587 • 2025

Requires the transfer of certain money from the Account to Stabilize the Operation of the State Government to the State General Fund. (BDR S-1240)

AN ACT relating to state financial administration; requiring the transfer of certain money from the Account to Stabilize the Operation of the State Government to the State General Fund; and providing other matters properly relating thereto. Close title AN ACT relating to state financial administration; requiring the transfer of certain money from the Account to Stabilize the Operation of the State Government to the State General Fund; and providing other matters properly relating thereto.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Assembly Committee on Ways and Means
Last action
Official status
(No further action taken.) (See full list below)
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Requires the transfer of certain money from the Account to Stabilize the Operation of the State Government to the State General Fund. (BDR S-1240)

Requires the transfer of certain money from the Account to Stabilize the Operation of the State Government to the State General Fund.

What This Bill Does

  • Requires the transfer of certain money from the Account to Stabilize the Operation of the State Government to the State General Fund.
  • (BDR S-1240)

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2025-05-16 Nevada Electronic Legislative Information System

    (No further action taken.) (See full list below)

Official Summary Text

Requires the transfer of certain money from the Account to Stabilize the Operation of the State Government to the State General Fund. (BDR S-1240)

Current Bill Text

Read the full stored bill text 
EXEMPT

A.B. 587

- *AB587*

ASSEMBLY BILL NO. 587–COMMITTEE ON WAYS AND MEANS

MAY 16, 2025
____________

Referred to Committee on Ways and Means

SUMMARY—Requires the transfer of certain money from the
Account to Stabilize the Operation of the State
Government to the State General Fund.
(BDR S-1240)

FISCAL NOTE: Effect on Local Government: No.
Effect on the State: No.

~

EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.

AN ACT relating to state financial administration; requiring the
transfer of certain money from the Account to Stabilize
the Operation of the State Government to the State
General Fund; and providing other matters properly
relating thereto.
Legislative Counsel’s Digest:
The Account to Stabilize the Operation of the State Government, also known as 1
the Rainy Day Account, is an account into which surplus state revenues are 2
deposited to be used in case of fiscal emergencies. (NRS 353.288) This bill 3
transfers money from the Account to the State General Fund in Fiscal Years 2025-4
2026 and 2026-2027. 5

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN
SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

Section 1. The State Controller shall transfer from the 1
Account to Stabilize the Operation of the State Government created 2
by NRS 353.288 to the State General Fund the sum of $288,742,305 3
in Fiscal Year 2025 -2026 and $61,813,016 in Fiscal Year 2026-4
2027 for unrestricted State General Fund use. 5
Sec. 2. This act becomes effective on July 1, 2025. 6

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