SB 488 — Revises provisions relating to businesses engaged in the development of emerging technologies. (BDR 18-783)

EXEMPT (Reprinted with amendments adopted on April 16, 2019) FIRST REPRINT S.B.

(NRS 232.522) Section 9 of this bill authorizes the Director to create an Opportunity Center for Emerging the general purposes of advocating for, assisting and supporting the growth ofor - *SB488**SB488_R1* – 2 – businesses engaged in the development of blockchain technology and other emerging technologies.

As used in sections 2 to 7, inclusive, of this act, unless the context otherwise requires, the words and terms defined in sections 33, 3.5 and 4 of this act have the meanings ascribed to them in those sections.

3.5.

“Emerging technologies” means any technologies that are of a unique type or that have a unique scope of application and would provide a benefit to the economy of this State if developed, used or produced by businesses in this State.

The term includes, without limitation, blockchain technology, autonomous technology, the Internet of things, robotics and artificial intelligence.

Sec.

(c) OneThe memberDirector who is a representative of the OfficeDepartment of theEmployment, AttorneyTraining General,and appointedRehabilitation byor thehis Attorneyor General;her designee;

and (d) One member who is a representative of the Office of Economicthe Development,Attorney General, appointed by the ExecutiveAttorney DirectorGeneral; of the Office of Economic Development.

(e) One member who is a representative of the Office of Economic Development, appointed by the Executive Director of the Office of Economic Development;

and (f) At least one member who has knowledge, skill and experience in blockchain technology or other emerging technologies, appointed by the Director.

The Director may appoint as many additional members to the Task Force who have knowledge, skill and experience in blockchain technology or other emerging technologies as the - *SB488_R1* – 3 – Director deems necessary to carry out the duties of the Task Force.

5.

5.6.

- *SB488* – 3 – (c) Identify opportunities to develop leading practices and standards that will support the growth of businesses engaged in the development of blockchain technology and other emerging technologies.

(d) Address methods to comprehensively incorporate blo(e) Make recommendations for concrete steps to develop a workforce with technical expertise in blockchain technology intoand alloth(f) levelsSolicit ofinput government.from persons and organizations with expertise in blockchain technology and other emerging technologies.

(e) Make recommendations for concrete steps to develop a workforce with technical expertise in blockchain technology and other emerging technologies.

(f) Solicit input from persons and organizations with expertise in blockchain technology and other emerging technologies.

232.505 As used in NRS 232.505 to 232.866, inclusive, and sections 2 to 7, inclusive, of this act, unless the context requires otherwise:

to 7, inclusive, of this act, unless the context requires 1.

“Department” means the Department of Business and Ind2.try“Director”Industry. means the Director of the Department.

- *SB488_R1* – 4 – 2.

“Director” means the Director of the Department.

- *SB488* – 4 – (a) To assist small businesses in obtaining information about financing and other basic resources which are necessary for success;

(b) In cooperation with the Executive Director of the Office of Economic Development, to increase public awareness of the importance of developing manufacturing as an industry and to assist in identifying and encouraging public support of businesses and industriesind(c) thatTo manufactureserve goodsas an advocate for small businesses, subject to the supervision of the Director or the Director’s representative, both wit(d) To assist the Office of Business Finance and Planning in thisestablishing state;an information and referral service within the Department that is responsive to the inquiries of business and industry which are directed to the Department or any entity within the Department;

(c) To serve as an advocate for small businesses, subject to the supervision of the Director or the Director’s representative, both within and outside the Department;

(d) To assist the Office of Business Finance and Planning in establishing an information and referral service within the Department that is responsive to the inquiries of business and industry which are directed to the Department or any entity within the Department;

Create within the Department, as part of the Office of Business Finance and Planning, an Opportunity Center for Eme(a)Emerging ToTechnology assistBusinesses: businesses engaged in the development of blockchain technology or other emerging technologies in which are necessary for success;ncing and other basic resources (b) In cooperation with the Executive Director of the Office of Economic Development, to increase public awareness of the importance of developing blockchain technologies and other emerging technologies and to assist in identifying and encouraging public support for businesses that are engaged in the development of blockchain technology and other emerging technologies;

(a) To assist businesses engaged in the development of blockchain technology or other emerging technologies in obtaining information about financing and other basic resources which are necessary for success;

- *SB488_R1* – 5 – (b) In cooperation with the Executive Director of the Office of Economic Development, to increase public awareness of the importance of developing blockchain technologies and other emerging technologies and to assist in identifying and encouraging public support for businesses that are engaged in the development of blockchain technology and other emerging technologies;

- *SB488* – 5 – (e) To collaborate with businesses engaged in the development of blockchain technology and other emerging technologies, persons and organizations with expertise in blockchain technology and other emerging technologies, public and private entities and other interested stakeholders to promote the integration of blockchain technology and other emerging technologies in the privatepri(f) sectorIn cooperation with the Executive Director of the Office of Economic Development, to advise the Director and atthe allOffice levelsof programs of government;the Department to serve more effectively and support the growth, development and diversification of businesses engaged in the development of blockchain technology and other emerging technologies in this State.

and (f) In cooperation with the Executive Director of the Office of Economic Development, to advise the Director and the Office of Business Finance and Planning in developing and improving programs of the Department to serve more effectively and support the growth, development and diversification of businesses engaged in the development of blockchain technology and other emerging technologies in this State.

Require divisions, offices, commissions, boards, agencies or other entities of the Department to work together to carry out their statutory duties, to resolve or address particular issues or projects or otherwise to increase the efficiency of the operation of the Department as a whole and the level of communication and coo5.ratAscooperation usedamong inthe thisvarious section,entities “blockchain”within has the meaningDepartment. ascribed to it in NRS 719.045.

5.

As used in this section:

(a) “Blockchain” has the meaning ascribed to it in NRS 719.045.

(b) “Emerging technologies” has the meaning ascribed to it in section 3.5 of this act.

- *SB488_R1* – 6 – Sec.

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