Nevada 2025 Regular Session Status: Enacted

SB 462 — Revises provisions relating to state financial administration. (BDR 31-1156)

Last action — Chapter 346.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed Assembly
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced May 05, 2025. Enacted.

Signed by Governor Joe Lombardo (Republican) on June 05, 2025.

Prognosis

Likely to advance 70% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

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Bill Text

What changed in the latest version

350 added · 377 removed

350 line(s) added, 377 removed.

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Latest
EXEMPT S.B.
Senate Bill No.
462 SENATE BILLN O .
462–Committee on Finance CHAPTER..........
462–COMMITTEE ON F INANCE (O NB EHALF OF THE OFFICE OF FINANCE IN THE OFFICE OF THE G OVERNOR ) M AY 5, 2025 ____________ Referred to Committee on Finance SUMMARY—Revises provisions relating to state financial administration.
(BDR 31-1156) FISCAL NOTE:
Effect on Local Government:
No.
Effect on the State:
Yes.
~ EXPLANATION – Matter in bolded italics is new;
matter between brackets [omitted material] is material to be omitted.
The State Budget Act sets forth the process for the preparation and submission Government.
of the proposed biennial budget for the Executive Department of the Stateubmission Government.
(NRS 353.211) The Act also requires the Chief to prepare a final version of the proposed budget, which is required to include the adjusted base budget for each department, institution and “adjusted base budget” to mean the amount appropriated or authorized to support ongoing expenditures budgeted to the department, institution or agency by the Legislature for the second year of the current biennium, as adjusted for:
(NRS 353.211) The Act also requires the Chief to prepare a final version of the proposed budget, which is required to include the adjusted base budget for each department, institution and agency of the Executive Department.
(NRS 353.230) Existing law defines the term “adjusted base budget” to mean the amount appropriated or authorized to support Legislature for the second year of the current biennium, as adjusted for:
(2) statewide fringe benefits, assessments, rent, insurance expired during the current biennium;
(2) statewide fringe benefits, assessments, rent, insurance premiums and cost allocations;
(4) ongoing expenditures approved by theor - *SB462* – 2 – Interim Finance Committee during the current biennium;
(3) contractual obligations that are approved or expired during the current biennium;
(4) ongoing expenditures approved by the Interim Finance Committee during the current biennium;
(7) rate changes that are projected to affect the budget of the department, institution or agency during the next biennium;
(7) rate changes that are next biennium;
and (8) any other adjustment that is necessary based on the limit 353.211, 353.230) Sections 1 and 2 of this bill revise the adjustments that are authorized to be made to an agency’s base budget for purposes of these provisions.
and (8) any other adjustment that is necessary based on the limithe upon total proposed expenditures or as otherwise determined by the Chief.
(NRS 353.211, 353.230) Sections 1 and 2 of this bill revise the adjustments that are authorized to be made to an agency’s base budget for purposes of these provisions.
(NRS 353.288) Section 3 of this bill changes the measurement for this limitation on the balance of the Account from the total of such appropriations and authorized expenditures for the fiscal year in which and authorized expenditures for the previous fiscal year.al of such appropriations Under existing law, the Administrator of the Administrative Services Division of the Department of Administration is required to prepare annually a statewide cost allocation plan that distributes the indirect costs of service agencies among the agencies of the Executive Department of the State Government.
(NRS 353.288) Section 3 of this bill changes the measurement for this limitation on the balance of the Account from the total of such appropriations and authorized expenditures for the fiscal year in which the revenue will be transferred to the Account to the total of such appropriations and authorized expenditures for the previous fiscal year.
- 83rd Session (2025) – 2 – of the Department of Administration is required to prepare annually a statewiden cost allocation plan that distributes the indirect costs of service agencies among the agencies of the Executive Department of the State Government.
EXPLANATION – Matter in bolded italics is new;
matter between brackets [omitted material] is material to be omitted.
and (3) The costs, if any, for any new program provided by the agency or any enhancement or reduction of an existing program provided by the agency.
and agency or any enhancement or reduction of an existing program the provided by the agency.
- *SB462* – 3 – 2.
2.
5.
- 83rd Session (2025) – 3 – 5.
As used in this section, “adjusted base budget” means the [amount appropriated or authorized to support ongoing expenditures budgeted to] revenues received and expenditures made by the agency [by the Legislature for] during the [second] first year of the current biennium, as adjusted for:
As used in this section, “adjusted base budget” means the [amount appropriated or authorized to support ongoing expenditures budgeted to] revenues received and expenditures made by the agency [by the Legislature for] during the [second] first year of the cur(a) The removal of any [one-time] :
(a) The removal of any [one-time] :
- *SB462* – 4 – (3) The costs of renting building space pursuant to NRS 331.102 or a rental or lease agreement, except costs associated with moving, and including, without limitation, costs for:
(3) The costs of renting building space pursuant to NRS with moving, and including, without limitation, costs for:iated (I) The renewal or renegotiation of a rental or lease agreement;
(I) The renewal or renegotiation of a rental or lease agreement;
(d)] at the same level as provided during the second year of the current biennium;
- 83rd Session (2025) – 4 – current biennium;
and (II) For ongoing contractual obligations;
andevel as provided during the second year of the (II) For ongoing contractual obligations;
and [(h)] (d) Any other adjustment that is necessary:
and[(h)] (d) Any other adjustment that is necessary:
The Chief shall review the estimates, altering, revising, increasing or decreasing the items of the estimates as the Chief may deem necessary in view of the needs of the various departments, institutions and agencies in the Executive Department of the State Government and the total anticipated income of the - *SB462* – 5 – State Government and of the various departments, institutions and agencies of the Executive Department during the next fiscal year.
The Chief shall review the estimates, altering, revising, increasing or decreasing the items of the estimates as the Chief may deem necessary in view of the needs of the various departments, institutions and agencies in the Executive Department of the State Government and the total anticipated income of the State Government and of the various departments, institutions and agencies of the Executive Department during the next fiscal year.
2.
Counsel Bureau or his or her designated representative andgislative personnel of the various departments, institutions and agencies of the Executive Department to discuss:
The Chief shall meet with a Fiscal Analyst of the Legislative Counsel Bureau or his or her designated representative and personnel of the various departments, institutions and agencies of the Executive Department to discuss:
and (b) The budgetary recommendations of the Budget Division for each department, institution and agency, for the next 2 fiscal years.
and (b) The budgetary recommendations of the Budget Division for each department, institution and agency, - 83rd Session (2025) – 5 – for the next 2 fiscal years.
The Chief shall then prepare a final version of the proposed budget, in accordance with NRS 353.150 to 353.246, inclusive, and shall deliver it to the Governor.
The Chief shall then prepare a final version of the proposed shall deliver it to the Governor.
The document must specify the total cost by department, institution or agency of new programs or enhancements, but need not itemize the specific costs.
The document must specify the total cost by department, institution or agency of new programs or enhancements, but need other information concerning future state revenue contained in the document must be based upon the projections and estimates prepared by the Economic Forum pursuant to NRS 353.228.
All projections of revenue and any other information concerning future state revenue contained in the document must be based upon the projections and estimates prepared by the Economic Forum pursuant to NRS 353.228.
5.
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- *SB462* – 6 – 5.
During the consideration of the general appropriation bill and any special appropriation bills and bills authorizing budgeted expenditures by the departments, institutions and agencies operating on money designated for specific purposes by the Constitution or otherwise, drafted at the request of the Legislature upon the recommendations submitted by the Governor with the proposed budget, the Governor or a representative of the Governor have the right to appear before and be heard by the appropriation committees of the Legislature in connection with the appropriation bill or bills, and to render any testimony, explanation or assistance required of him or her.
During the consideration of the general appropriation bill and any special appropriation bills and bills authorizing budgeted expenditures by the departments, institutions and agencies operating on money designated for specific purposes by the Constitution or - 83rd Session (2025) – 6 – recommendations submitted by the Governor with the proposedhe budget, the Governor or a representative of the Governor have the right to appear before and be heard by the appropriation committees of the Legislature in connection with the appropriation bill or bills, and to render any testimony, explanation or assistance required of him or her.
[(b) Statewide] (2) Operating expenditures that are no longer required to be made by the agency as a result of the expiration of a program;
[(b) Statewide] be made by the agency as a result of the expiration of a program;
- *SB462* – 7 – (3) The costs of renting building space pursuant to NRS 331.102 or a rental or lease agreement, except costs associated with moving, and including, without limitation, costs for:
331.102 or a rental or lease agreement, except costs associated with moving, and including, without limitation, costs for:
or (II) The relocation of the office space of an agency if the relocation is necessary as a result of the expiration of an existing lease, unavailability of the current facility or other operational requirements of the agency and the new facility is of a comparable size and functionality as the current location of the agency;
or (II) The relocation of the office space of an agency if the relocation is necessary as a result of the expiration of an existing lease, unavailability of the current facility or other operational requirements of the agency and the new facility is of a - 83rd Session (2025) – 7 – comparable size and functionality as the current location of the agency;
(5) The costs:
(5) (I) Tostscontinue services provided pursuant to contractual obligations that [are] were approved [or expired] by the Legislature during the current biennium [;
(I) To continue services provided pursuant to contractual obligations that [are] were approved [or expired] by the Legislature during the current biennium [;
(1) Based on the limit upon total proposed expenditures calculated pursuant to NRS 353.213;
calculated pursuant to NRS 353.213;
or (2) As otherwise determined by the Chief.
orl proposed expenditures (2) As otherwise determined by the Chief.
Except as otherwise provided in subsections 3 and 4, each year after the close of the previous fiscal year and before the issuance of the State Controller’s annual report, the State Controller shall transfer - *SB462* – 8 – from the State General Fund to the Account to Stabilize the Operation of the State Government:
Except as otherwise provided in subsections 3 and 4, each year after the close of the previous fiscal year and before the issuance of the State Controller’s annual report, the State Controller shall transfer from the State General Fund to the Account to Stabilize the Operation of the State Government:
(a) Forty percent of the unrestricted balance of the State General Fund, as of the close of the previous fiscal year, which remains after subtracting an amount equal to 7 percent of all appropriations made from the State General Fund during that previous fiscal year for the operation of all departments, institutions and agencies of State Government and for the funding of schools;
(a) Forty percent of the unrestricted balance of the State General Fund, as of the close of the previous fiscal year, which remains after subtracting an amount equal to 7 percent of all appropriations made from the State General Fund during that previous fiscal year for the - 83rd Session (2025) – 8 – Government and for the funding of schools;
and (b) Commencing with the fiscal year that begins on July 1, 2017, 1 percent of the total anticipated revenue for the fiscal year in which the transfer will be made, as projected by the Economic Forum for that fiscal year pursuant to paragraph (e) of subsection 1 of NRS 353.228 and as adjusted by any legislation enacted by the Legislature that affects state revenue for that fiscal year.
and agencies of State (b) Commencing with the fiscal year that begins on July 1, 2017, 1 percent of the total anticipated revenue for the fiscal year in which the transfer will be made, as projected by the Economic Forum for that fiscal year pursuant to paragraph (e) of subsection 1 of NRS 353.228 and as adjusted by any legislation enacted by the Legislature that affects state revenue for that fiscal year.
The balance in the Account to Stabilize the Operation of the State Government must not exceed 26 percent of the total of all appropriations from the State General Fund for the operation of all departments, institutions and agencies of the State Government and for the funding of schools and authorized expenditures from the State General Fund for the regulation of gaming for the previous fiscal year .
The balance in the Account to Stabilize the Operation of the State Government must not exceed 26 percent of the total of all appropriations from the State General Fund for the operation of all departments, institutions and agencies of the State Government and for the funding of schools and authorized expenditures from the fiscal year .
[in which that revenue will be transferred to the Account to Stabilize the Operation of the State Government.] 4.
[in which that revenue will be transferred to thes Account to Stabilize the Operation of the State Government.] 4.
Except as otherwise provided in this subsection and NRS 353.2735, beginning with the fiscal year that begins on July 1, 2003, the State Controller shall, at the end of each quarter of a fiscal year, transfer from the State General Fund to the Disaster Relief Account created pursuant to NRS 353.2735 an amount equal to not more than 10 percent of the aggregate balance in the Account to Stabilize the Operation of the State Government during the previous quarter.
Except as otherwise provided in this subsection and NRS 353.2735, beginning with the fiscal year that begins on July 1, 2003, the State Controller shall, at the end of each quarter of a fiscal year, transfer from the State General Fund to the Disaster Relief Account created pursuant to NRS 353.2735 an amount equal to not more than percent of the aggregate balance in the Account to Stabilize the Operation of the State Government during the previous quarter.
(a) If the total actual revenue of the State falls short by 5 percent or more of the total anticipated revenue for the biennium in which the transfer will be made, as determined by the Legislature, or the Interim Finance Committee if the Legislature is not in session;
or more of the total anticipated revenue for the biennium in whichercent the transfer will be made, as determined by the Legislature, or the Interim Finance Committee if the Legislature is not in session;
or - *SB462* – 9 – (b) If the Legislature, or the Interim Finance Committee if the Legislature is not in session, and the Governor declare that a fiscal emergency exists.
or (b) If the Legislature, or the Interim Finance Committee if the Legislature is not in session, and the Governor declare that a fiscal emergency exists.
The State Board of Examiners shall consider a request made pursuant to subsection 5 and shall, if it finds that a transfer should be made, recommend the amount of the transfer to the Interim Finance Committee for its independent evaluation and action.
The State Board of Examiners shall consider a request made pursuant to subsection 5 and shall, if it finds that a transfer should be made, recommend the amount of the transfer to the Interim - 83rd Session (2025) – 9 – Finance Committee for its independent evaluation and action.
If the Interim Finance Committee finds that a transfer recommended by the State Board of Examiners should and may amount and direct the State Controller to transfer that amount to the State General Fund.
If the Interim Finance Committee finds that a transfer lawfully be made, the Committee shall by resolution establish the amount and direct the State Controller to transfer that amount to the State General Fund.
H - *SB462*
~~~~~ 25 - 83rd Session (2025)
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Action History

  1. Chapter 346.

  2. Approved by the Governor.

  3. Enrolled and delivered to Governor.

  4. To enrollment.

  5. In Senate.

  6. Read third time. Passed. Title approved. (Yeas: 41, Nays: None, Excused: 1.) To Senate.

  7. Taken from General File. Placed on General File for next legislative day.

  8. Taken from General File. Placed on General File for next legislative day.

  9. From committee: Do pass. Placed on Second Reading File. Read second time.

  10. In Assembly. Read first time. Referred to Committee on Ways and Means. To committee.

  11. Read third time. Passed. Title approved. (Yeas: 21, Nays: None.) To Assembly.

  12. Read second time.

  13. From committee: Do pass. Placed on Second Reading File.

  14. From printer. To committee.

  15. Read first time. Referred to Committee on Finance. To printer.

Sponsors

  • Senate Committee on Finance · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 66 not signed on

Sponsors (1)

  • Senate Committee on Finance

Co-sponsors (0)

None.

Not signed on (66)

66 members have not signed on to this bill.

Show all 66 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Assembly (As Introduced)

Passed 41 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Democratic 26001
Republican 14000
Unaffiliated 1000
Total 41001
% of votes cast 98%0%0%2%
How each member voted (42)
Member Party Vote
O’Neill, PK — Yea
Anderson, Natha C. Democratic Yea
Backus, Shea M. Democratic Yea
Brown-May, Tracy Democratic Yea
Carter, Max E., II Democratic Yea
Considine, Venicia Democratic Yea
D'Silva, Reuben Democratic Yea
Dalia, Joe Democratic Yea
Flanagan, Tanya P. Democratic Yea
González, Cecelia Democratic Not Voting
Goulding, Heather Democratic Yea
Hunt, Linda F. Democratic Yea
Jackson, Jovan A. Democratic Yea
Jauregui, Sandra Democratic Yea
Karris, Venise Democratic Yea
La Rue Hatch, Selena Democratic Yea
Marzola, Elaine H. Democratic Yea
Miller, Brittney M. Democratic Yea
Monroe-Moreno, Daniele Democratic Yea
Moore, Cinthia Zermeño Democratic Yea
Mosca, Erica Democratic Yea
Nadeem, Hanadi Democratic Yea
Nguyen, Duy Democratic Yea
Orentlicher, David Democratic Yea
Roth, Erica P. Democratic Yea
Torres-Fossett, Selena Democratic Yea
Watts, Howard Democratic Yea
Yeager, Steve Democratic Yea
Cole, Lisa K. Republican Yea
DeLong, Rich Republican Yea
Dickman, Jill Republican Yea
Edgeworth, Rebecca Republican Yea
Gallant, Danielle Republican Yea
Gray, Ken Republican Yea
Gurr, Bert K. Republican Yea
Hafen, Gregory T., II Republican Yea
Hansen, Alexis M. Republican Yea
Hardy, Melissa R.. Republican Yea
Hibbetts, Brian Republican Yea
Kasama, Heidi Republican Yea
Koenig, Gregory S. Republican Yea
Yurek, Toby Republican Yea

Official roll call →

Senate (As Introduced)

Passed 21 Yea · 0 Nay
Party YeaNayPresentNot Voting
Republican 8000
Democratic 13000
Total 21000
% of votes cast 100%0%0%0%
How each member voted (21)
Member Party Vote
Cannizzaro, Nicole J. Democratic Yea
Cruz-Crawford, Michelee "Shelly" Democratic Yea
Daly, Skip Democratic Yea
Dondero Loop, Marilyn Democratic Yea
Doñate, Fabian Democratic Yea
Flores, Edgar Democratic Yea
Lange, Roberta Democratic Yea
Neal, Dina Democratic Yea
Nguyen, Rochelle T. Democratic Yea
Ohrenschall, James Democratic Yea
Pazina, Julie Democratic Yea
Scheible, Melanie Democratic Yea
Taylor, Angela D. Democratic Yea
Buck, Carrie Ann Republican Yea
Ellison, John Republican Yea
Hansen, Ira Republican Yea
Krasner, Lisa Republican Yea
Rogich, Lori Republican Yea
Steinbeck, John C. Republican Yea
Stone, Jeff Republican Yea
Titus, Robin L. Republican Yea

Official roll call →

Subjects

finance
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Frequently asked questions

Who sponsors SB 462?
SB 462 is sponsored by Senate Committee on Finance.
What is the current status of SB 462?
This bill has been enacted into law. Introduced May 05, 2025. Enacted.
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