AB 355 — Revises provisions relating to education. (BDR 34-937)

(ReprintedAssembly withBill amendmentsNo. adopted on April 15, 2025) FIRST REPRINT A.B.

355355–Committee Aon SSEMBLYWays Band ILLNMeans O.CHAPTER..........

355–COMMITTEE ON W AYS AND M EANS M ARCH 4, 2025 ____________ Referred to Committee on Ways and Means SUMMARY—Revises provisions relating to education.

(BDR 34-937) FISCAL NOTE:

Effect on Local Government:

No.

Effect on the State:

No.

~ EXPLANATION – Matter in bolded italics is new;

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

Section 2.5 of this bill authorizes the Director of the Office of Finance to also makeImprovements to a grantboard fromof thetrustees Fundof toa Assistschool Ruraldistrict School Districts in Financinga Capitalcounty whoseapital population is less than 100,000, regardless of whether certain taxes for capital projects of the school district have been levied in that county, in an amount that is equal to:

(1) any gift, grant or donation made to the school district for a capital - *AB355_R1* – 2 – project of the school district located on certain tribal land;

EXPLANATION – Matter in bolded italics is new;

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

- 83rd Session (2025) – 2 – 2.

All interest and income earned on the moneymon4. in the Fund must be credited to the Fund.

4.inClaims against the Fund must be paid as other claims against the State are paid.

Claims against the Fund must be paid as other claims against the State are paid.

(a) Construction, design or purchase of new buildings for dining halls, gymnasiums and stadiums., teacherages, dormitories, (b) Enlarging, remodeling or repairing existing buildings or grounds for schools, including, but not limited to, teacherages, dormitories, dining halls, gymnasiums and stadiums.

(b)(c) Enlarging,Acquiring remodelingsites orfor repairingbuilding existingschools, buildings or groundsadditional real property for necessary purposes related to schools, including, but not limited to, teacherages,playgrounds, dormitories,athletic diningfields halls,and gymnasiumssites andfor stadiums.

- *AB355_R1* – 3 – (c) Acquiring sites for building schools, or additional real property for necessary purposes related to schools, including, but not limited to, playgrounds, athletic fields and sites for stadiums.

Following any fiscal year in which a county levies a tax imposed pursuant to NRS 387.3342, the board of trustees of the school district in the county shall apply to the Director of the Office of Finance for a grant of money from the Fund- created83rd pursuantSession (2025) – 3 – the Director.pursuant to NRS 387.3341 on a form provided by the2. Director.

2.

or (b) Accrues interest on money received by the school district for a capital project of the school district that is located on qualified tribal land,  or both.both.tribal land, 4.

4.

4.] ;(3) Documentation relating to the amount of the gift, grant, donation or accrued interest.

or - *AB355_R1* – 4 – (3) Documentation relating to the amount of the gift, grant, donation or accrued interest.

- 83rd Session (2025) – 4 – (a) The total amount of tax assessed by the county for the capital project pursuant to NRS 387.3342 in the immediately preceding fiscal year;

[or] (b) If the school district is located in a county which levies a tax imposed pursuant to NRS 387.3289, the amount of the proceeds of the tax imposed pursuant to NRS 387.3289 for the immediately of preceding fiscal year which the board of trustees of the school district has certified will be dedicated to the capital project [.

H~~~~~ 25 - *AB355_R1*83rd Session (2025)