AB 417 — Creates the Nevada Main Street Program within the Office of Economic Development in the Office of the Governor. (BDR 18-1053)

EXEMPTAssembly (ReprintedBill withNo. amendments adopted on May 30, 2017) SECOND REPRINT A.B.

417417–Assemblywoman ASwank SSEMBLYCHAPTER.......... BILL NO .

417–ASSEMBLYWOMAN SWANK M ARCH 27, 2017 ____________ Referred to Committee on Government Affairs SUMMARY—Creates the Nevada Main Street Program within the Office of Economic Development in the Office of the Governor.

(BDR 18-1053) FISCAL NOTE:

Effect on Local Government:

No.

Effect on the State:

Contains Appropriation not included in Executive Budget.

~ EXPLANATION – Matter in bolded italics is new;

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

Existing law creates the Office of Economic Development within the Office of for carrying out various economic development programs within the Governor.State.

(NRS 231.043)231.020-231.1597) TheSection Office5 of Economicthis Developmentbill iscreates responsiblethe forNevada carryingMain outStreet variousProgram economicwithin developmentthe programsOffice withinof theEconomic State.Development.

(NRSThe withinProgram is designed to provide state-level coordination with the OfficeNational Main Street Center, Inc., which is a wholly owned subsidiary of Economicthe Development.National Trust for Historic Preservation.

The ProgramNational Trust for Historic Preservation is designeda tononprofit provideamorganization state-levelworking coordinationCenter.erve withhistoric places through programs such as the National Main Street Center,Section Inc.,6 whichof isthis abill whollyrequires ownedthe subsidiaryExecutive Director of the NationalOffice Trustof Economic Development to adopt regulations setting forth the requirements to apply for Historicand Preservation.receive approval as a designated local Main Street program or to apply for grants.

The National Trust for Historic Preservation is a nonprofit organization working to preserve historic places through programs such as the National Main Street Center.

Development to adopt regulations setting forth the requirements to apply for andmic receive approval as a designated local Main Street program or to apply for grants.

Section 7 of this bill creates theaccept Accountdonations, forgrants theand Nevadaother Maintypes Streetof Programfunding infor the Stateaward Generalof Fundgrants toand operation of the Program.

Section 9 of this bill makes an appropriation of $350,000 from the State General Fund to the Interim Finance Committee for allocation to the - *AB417_R2* – 2 – Office of Economic Development for the operation of the Program and to provide grants to designated local Main Street programs.

THEEXPLANATION PEOPLE– OFMatter THEin STATEbolded OFitalics NEVADA,is REPRESENTEDnew; IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

Sectionmatter 1.between brackets [omitted material] is material to be omitted.

THE PSENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

IN Section 1.

- 79th Session (2017) – 2 – Sec.

1.developed by the National Main Street Center, Inc., a subsidiary of the National Trust for Historic Preservation;

Be administered in accordance with the standards developed by the National Main Street Center, Inc., a subsidiary of the National Trust for Historic Preservation;

The Executive Director or his or her designee shall coordinate the Program in accordance with the standards developed by the National Main Street Center, Inc., to further the requirements set forth in section 5 of this act and to approve or deny applications for designation as a local Main Street program - *AB417_R2* – 3 – or for grants from the Account which are submitted in accordance with the regulations adopted pursuant to subsection 1.

(b) Award grants to designated local Main Street programs approved pursuant to the regulations adopted pursuant to section 6 of this act;

and - 79th Session (2017) – 3 – (c) Pay any reasonable administrative expenses incurred by the Executive Director or his or her designee to carry out the Program.

7.year does not revert to the State General Fund, and the balance in the Account must be carried forward to the next fiscal year.

Any money in the Account remaining at the end of a fiscal year does not revert to the State General Fund, and the balance in the Account must be carried forward to the next fiscal year.

- *AB417_R2* – 4 – Sec.

The appropriation made by section 9 of this act is not intended to finance ongoing expenditures of state agencies, and the expenditures financed with that appropriation must not be included as base budget expenditures in the proposed budget for the Executive Department of the State Government for the 2019-2021 biennium.

Department of the State Government for the 2019-2021 Sec.

H17 ~~~~~ - *AB417_R2*79th Session (2017)