SB 457 — Revises provisions governing the State Highway Fund. (BDR 35-1163)

EXEMPT* (ReprintedSenate withBill amendmentsNo. adopted on May 26, 2021) FIRST REPRINT S.B.

457457–Committee SENATEon BILLNFinance OCHAPTER.......... .

457–COMMITTEE ON F INANCE M AY 24, 2021 ____________ Referred to Committee on Finance SUMMARY—Revises provisions governing the State Highway Fund.

(BDR 35-1163) FISCAL NOTE:

Effect on Local Government:

No.

Effect on the State:

Executive Budget.

~ EXPLANATION – Matter in bolded italics is new;

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

making an appropriation;

Under existing law, all the proceeds from the imposition of any license or registration fee and other charges regarding the operation of a motor vehicle on any public highway, road or street in Nevada, except for the costs of administering the collection of those proceeds, are required to be deposited in the State Highway the Fund and used exclusively for the construction, maintenance and repair of the State’s public highways.

NRS 408.235) The maximum amount of such proceeds that may be used for the costs of administration is 22 percent.

(NRS 408.235) ThisSection 4.5 of this bill temporarily increases the maximum amount of the proceeds that may be used for the costs of administration from 22 percent to 27 percent for the period commencing on July 1, 2021, and ending on June 30, 2026.

Vehicles for the cost of issuing refunds of certain fees paid during Fiscal Year 2020-2021.

EXPLANATION – Matter in bolded italics is new;

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

SectionSections 1.1-4.

2.

(Deleted by amendment.) Sec.

3.

(Deleted by amendment.) Sec.

4.

(Deleted by amendment.) Sec.

-proceeds *SB457_R1*from –the 2imposition –of 2.any:

Except as otherwise provided by a specific statute, the proceeds(a) fromLicense or registration fee and other charges with respect to the impositionoperation of any:any motor vehicle upon any public highway, city, town or county road, street, alley or highway in this State;

(a) License or registration fee and other charges with respect to the operation of any motor vehicle upon any public highway, city, town or county road, street, alley or highway in this State;

- 81st Session (2021) – 2 – 4.

5.on gasoline or other motor vehicle fuel must be limited to a sum not to exceed 1 percent of the total proceeds so collected.

Costs of administration for the collection of any excise tax on gasoline or other motor vehicle fuel must be limited to a sum not to exceed 1 percent of the total proceeds so collected.

(b) Must not be used to reduce or supplant the amount or percentage of any money which would otherwise be made available from the State Highway Fund for projects in that county;

andandble (c) Must not be used for any costs of administration or to purchase any equipment.

- *SB457_R1* – 3 – 8.

Any money remaining in the account at the end of each fiscal year does not revert to the State Highway Fund but must be carried over into the next fiscal year.

- 81st Session (2021) – 3 – Sec.

4.7.

1.

There is hereby appropriated from the State Highway Fund to the Department of Motor Vehicles the sum of $7,840,974 for the cost of issuing refunds of the technology fee imposed pursuant to sections 3 and 7 of chapter 394, Statutes of Statutes of Nevada 2019, at pages 2501-02, which were paid during Fiscal Year 2020-2021.

2.

Any remaining balance of the appropriation made by subsection 1 must not be committed for expenditure after June 30, 2023, 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 15, 2023, 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 Highway Fund on or before September 15, 2023.