Nevada SB 479: Repeals provisions relating to certain mortgage loan originators. (BDR 55-148)

Bill Text

- 83rd Session (2025)
Senate Bill No. 479–Committee on Finance

CHAPTER..........

AN ACT making an appropriation to the Office of Economic
Development in the Office of the Governor for the support of
designated regional development authorities; and providing
other matters properly relating thereto.
EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.

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

Section 1. 1. There is hereby appropriated from the State
General Fund to the Office of Economic Development in the Office
of the Governor for the support of the regional development
authorities designated by the Executive Director of the Office of
Economic Development pursuant to subsection 4 of NRS 231.053
the following sums:
For the Fiscal Year 2025-2026 .................................. $375,000
For the Fiscal Year 2026-2027 .................................. $375,000
2. Any balance of the sums appropriated by subsection 1
remaining at the end of the respective fiscal years must not be
committed for expenditure after June 30 of the respective fiscal
years by the entity to which the appropriation is made or any entity
to which money from the appropriation is granted or otherwise
transferred in any manner, and any portion of the appropriated
money remaining must not be spent for any purpose after
September 18, 2026, and September 17, 2027, respectively, by
either the entity to which the money was appropriated or the entity
to which the money was subsequently granted or transferred, and
must be reverted to the State General Fund on or before
September 18, 2026, and September 17, 2027, respectively.
Sec. 2. This act becomes effective on July 1, 2025.

20 ~~~~~ 25