AB 79 — Revises provisions relating to economic development. (BDR S-404)

(ReprintedAssembly withBill amendmentsNo. adopted on April 17, 2017) FIRST REPRINT A.B.

7979–Committee ASSEMBLYon BGovernment ILLNAffairs O.CHAPTER..........

79–COMMITTEE ON G OVERNMENT A FFAIRS (ON B EHALF OF THE C ITY OFN ORTH L ASV EGAS ) P REFILED N OVEMBER 17, 2016 ____________ Referred to Committee on Government Affairs SUMMARY—Revises provisions relating to economic development.

(BDR S-404) FISCAL NOTE:

Effect on Local Government:

May have Fiscal Impact.

Effect on the State:

No.

~ EXPLANATION – Matter in bolded italics is new;

matter between brackets [omitted material] is material to be omitted.

LegislativeLegDuring Counsel’sthe Digest:29th Special Session of the Legislature, the Las Vegas Valley Water District Act was amended to designate the District and the Southern Nevada Water Authority as the exclusive providers of water service for the Garnet Valley Ground Water Basin in Clark County, Nevada.

During the 29th Special Session of the Legislature, the Las Vegas Valley Water Authority as the exclusive providers of water service for the Garnet Valley Ground Water Basin in Clark County, Nevada.

57) Section 1 of this bill removes the designation of the District and the Southern Nevada Water Authority as the exclusive providers of water service for the Garnet Valley Ground Water Basin in Clark County, Nevada.

Another provision of existing law, also enacted during the 29th Special Session of the Legislature, requires the Legislature, on or before July 1, 2021, to review:

(1) the designation of the District and the Southern Nevada Water Authority as the exclusiveand providers(2) ofthe waterimplementation serviceand foradministration theof Garnetcertain Valleyeconomic Grounddevelopment; Water Basin;

and (2) the implementation and administration of certain economic development financing proposals authorized during that special session.

58) Section 1.5 of this bill - *AB79_R1* – 2 – removes as moot the provision for legislative review of the designation of the District and the Southern Nevada Water Authority described above.

THEEXPLANATION SENATE– ANDMatter ASSEMBLY,in DObolded ENACTitalics ASis FOLLOWS:Dnew; IN Section 1.

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.] The Las Vegas Valley Water District is hereby declared to be a validly created and legally existing district under the provisions of chapter 167, Statutes of Nevada 1947, as amended, a governmental subdivision of the - 79th Session (2017) – 2 – State of Nevada, a body corporate and politic, and a quasi- municipal corporation.

The District and the Southern Nevada Water Authority are the exclusive service providers of water for the Any contract or agreement for the provision of such service in the Garnet Valley Ground Water Basin inthat Clarkis County,entered Nevada.into before December 19, 2015, is void.

Any contract or agreement for the provision of such service in the Garnet Valley Ground Water Basin that is entered into before December 19, 2015, is void.

- *AB79_R1* – 3 – 1.

The administration of any infrastructure project con2.ruTheconstructed manner in which the proceeds of any bonds issued pursuant to Senatesuch Billa No.proposal;

and 2.

The manner in which the proceeds of any bonds issued pursuant to Senate Bill No.

H~~~~~ 17 - *AB79_R1*79th Session (2017)