SB 310 — Makes an appropriation to the Nevada System of Higher Education and authorizes the disbursement of certain federal money in certain circumstances to enable the College of Southern Nevada to assist and carry out the NV Grow Program. (BDR S-570)

(ReprintedSenate withBill amendmentsNo. adopted on April 19, 2021) FIRST REPRINT S.B.

310310–Senator SENATENeal BCHAPTER.......... ILLN O.

310–SENATOR N EAL M ARCH 22, 2021 ____________ Referred to Committee on Revenue and Economic Development SUMMARY—Makes an appropriation to the Nevada System of Higher Education and requires the disbursement of certain federal money in certain circumstances to enable the College of Southern Nevada to assist and carry out the NV Grow Program.

(BDR S-570) 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.

making an appropriation to the Nevada System of Higher Education and requiringauthorizing the disbursement of certain federal money in certain circumstances to enable the College of Southern Nevada to assist and carry out the NV Grow Program;

EXPLANATION – Matter in bolded italics is new;

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

(a) Provide or obtain such services as may be necessary to assist andand(b) carryEmploy outa geographic information specialist to assist small businesses who participate in the Program;

(b) Employ a geographic information specialist to assist small businesses who participate in the Program;

- *SB310_R1* – 2 – (d) Provide stipends for the counselors and members of the faculty of the Nevada System of Higher Education who provide services in connection with the Program;

As used in this section, “Program” means the NV Grow Program created pursuant to section 2 of the NV Grow Act, chapter 459, Statutes of Nevada 2015, as last amended by chapter 570, StatutesStaSec. of Nevada 2019, at page 3666.

2.f NAny remaining balance of the appropriation made by section 1 of this act must not be committed for expenditure after - 81st Session (2021) – 2 – any entity to which money from the appropriation is granted ore 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 General Fund on or before September 15, 2023.

2.

Any remaining balance of the appropriation made by section 1 of this act 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 General Fund on or before September 15, 2023.

Sec.

Any remaining balance of money received by the Division of Workforce and Economic Development of the College of Southern Nevada from any gifts, grants or donations accepted by the Division pursuant to section 4.5 of the NV Grow Act, chapter 459, Statutes of Nevada 2015, as last amended by chapter 570, Statutes of Nevada 2019, at page 3669, that has not been committed for expenditure before July 1, 2021, must be transferred to an account in the State General Fund administered by the College of Southern Nevada for the purposes of carrying out the provisions of thetheSec. NV Grow Act.

Sec.

If the State of Nevada receives from the Federal Government before, on or after July 1, 2021, money that the State of Nevada is authorized to use to assist small businesses impacted by the COVID-19 pandemic, the Chief of the Budget Division of the Office of Finance in the Office of the Governor created by NRS 223.400 shallmay disburse $200,000any portion of that money in accordance with the provisions of chapter 353 of NRS to an account in the State - *SB310_R1* – 3 – General Fund administered by the College of Southern Nevada for the purposes of carrying out the provisions of the NV Grow Act to make direct program expenditures to implement as part of the Program an incubator program to assist small businesses in this State who have altered or who intend to alter their business models.

(b)infrastructure Assistfor in the developmentoperation of physicala andbusiness;d digital infrastructure(c) forAssist thebusinesses operationto ofsecure aprofessional business;services, including, without limitation, legal and accounting services;

(c) Assist businesses to secure professional services, including, without limitation, legal and accounting services;

and (e) To the extent practicable, coordinate with the stakeholders group to offer support for setting up a business, including, without limitation, obtaining a business license, securing physical working - 81st Session (2021) – 3 – spaces, performing concept and market testing and providing assistance with manufactured products, software and technology.

(a) “Program” means the NV Grow Program created pursuant to section 2 of the NV Grow Act, chapter 459, Statutes of Nevada 2015, as last amended by chapter 570, Statutes of Nevada 2019, at page 3666.

H~~~~~ 21 - *SB310_R1*81st Session (2021)