SB 83 — Requires the issuance of bonds for environmental improvement projects in the Lake Tahoe Basin. (BDR S-376)

EXEMPTSenate (ReprintedBill withNo. amendments adopted on April 15, 2025) FIRST REPRINT S.B.

8383–Committee SENATEon BNatural ILLNResources O.CHAPTER..........

83–COMMITTEE ON N ATURAL RESOURCES (ON BEHALF OF THE LEGISLATIVE C OMMITTEE FOR THE R EVIEW AND O VERSIGHT OF THE T AHOE R EGIONAL P LANNING A GENCY AND THE M ARLETTE LAKE W ATER SYSTEM ) PREFILED JANUARY 7, 2025 ____________ Referred to Committee on Natural Resources SUMMARY—Requires the issuance of bonds for environmental improvement projects in the Lake Tahoe Basin.

(BDR S-376) 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.

The costs of the Program are apportioned among the Federal Government, the States of Nevada and California and local governments and owners of private property in both states.

In 1999, the Nevada Legislature authorized the issuance of not more than $56.4 million in general obligation bonds to pay for a significant portion of Nevada’s share of the costs of the first phase of the Program.

(Chapter 514, Statutes ofofs Nevada 1999, at page 2626) In 2009, the Nevada Legislature authorized the issuance of not more than $100 million in general obligation bonds to pay for Nevada’s share of the costs of the second phase of the Program beginning on July 1, 2009, and ending on June 30, the 2020.

(Section 3 of chapter 431, Statutes of Nevada 2009, at page 2417) Issuance of those bonds requires the approval of the Legislature or the Interim Finance Committee.issuance of the remainder of the general obligation bonds that were authorized in for the second phase of the Program from June 30, 2020, to June 30, 2030.

(Id.)(Chapter In32, 2017,Statutes theof Nevada Legislature2017, extendedat thepage deadline137) forOf the issuance$100 ofmillion thein remainder of the general obligation bonds that were authorized into -pay *SB83_R1*for –Nevada’s 2share –of 2009the forcosts of the second phase of the ProgramProgram, fromthe JuneNevada 30,Legislature 2020,required tothe Juneissuance 30,of: 2030.

(Chapter 32, Statutes of Nevada 2017, at page 137) Of the $100 million in general obligation bonds authorized to pay for Nevada’s required the issuance of:

and (5)Statutes not more than $13 million of thoseNevada bonds2009, inat 2023.page 2416;

(Sectionsection 1 of chapter 431,437, Statutes of Nevada 2009,2011, at page 2416;2638;

section 1 of chapter 437,167, Statutes of Nevada section2019, 1 of chapter 215, Statutes of Nevada 2021, at page 1008;891;

section 1 ofeof 891;chapter 215, Statutes of Nevada 2021, at page 1008;

section 1 of chapter 99, Statutes of Nevada 2023, at page 501) This bill requires the issuance of not more than $10.5 million of the $100 million in general obligation bonds authorized in 2009 to provide money to carry out certain environmental improvement projects included in the second phase of the proceeds of the general obligation bonds for the Program.nterest accrued on the WEXPLANATION HEREAS– ,Matter Thein Lakebolded Tahoeitalics Basinis exhibitsnew; unique environmental and ecological conditions that are irreplaceable;

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

W HEREAS , The Lake Tahoe Basin exhibits unique environmental and ecological conditions that are irreplaceable;

and - 83rd Session (2025) – 2 – W HEREAS , The preservation, protection, restoration and enhancement of the natural environment of the Lake Tahoe Basin is of such significance that it must be carried out on a continual basis;

and W HEREAS , In October 1997, Governor Bob Miller, on behalf of the State of Nevada, signed a Memorandum of Agreement between the Federal Interagency Partnership on the Lake Tahoe Ecosystem, the States of Nevada and California, the Washoe Tribe of Nevada and California, the Tahoe Regional Planning Agency and interested local governments, in which the parties affirmed their commitment to the Tahoe Regional Planning Compact, to the sound management and protection of the resources within the Lake Tahoe Basin and the support of a healthy, sustainable economy and totooe achieve environmental thresholds for Lake Tahoe, and agreed to cooperate to carry out, including, without limitation, providing financial support for, the Environmental Improvement Program;

and - *SB83_R1* – 3 – W HEREAS , Section 3 of chapter 431, Statutes of Nevada 2009, at page 2417, authorized the State Board of Finance to issue general obligation bonds of the State of Nevada in a total face amount of not more than $100,000,000 to provide money to carry out the second phase of the Environmental Improvement Program beginning on July 1, 2009, and ending on June 30, 2020;

and W HEREAS , Section 1 of chapter 437, Statutes of Nevada 2011, at page 2638, granted approval to the State Board of Finance to issue an additional $12,000,000 of those general obligation bonds to - 83rd Session (2025) – 3 – provide money to carry out certain environmental improvement projects included in the second phase of the Environmental Improvement Program;

and W HEREAS , Section 1 of chapter 215, Statutes of Nevada 2021, at page 1008, granted approval to the State Board of Finance to issue an additional $4,000,000 of those general obligation bonds to provide money to carry out certain environmental improvementimprovemento projects included in the second phase of the Environmental Improvement Program;

and W HEREAS , The general obligation bonds authorized by chapter 431, Statutes of Nevada 2009, may only be issued with the prior approval of the Legislature or the Interim Finance Committee and pursuant to a schedule established by the Administrator of the - *SB83_R1* – 4 – Division of State Lands of the State Department of Conservation and Natural Resources;

now, therefore, 4 THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

7 Section 1.

The proceeds of the bonds issued pursuant to this section and any accrued interest thereon must be deposited in the Fund to Protect the Lake Tahoe Basin created pursuant to section 2 of chapter 514, Statutes of Nevada 1999, at page 2628, and, except as otherwise provided in section 2 of this act, must be used for the following activities related to the Environmental - 83rd Session (2025) – 4 – Improvement Program to be carried out by the State Department of Conservation and Natural Resources:

Water quality, erosion control and stream restoration and enhancement projects of the Environmental Improvement Program to beSec. carried out pursuant to grants and project agreements.

Sec.

The Division of State Lands of the State Department of Conservation and Natural Resources may use money authorized pursuant to section 1 of this act for an activity other than an activity listed in section 1 of this act if the Interim Finance Committee approves such a use in writing before the Division of State Lands engages in the activity.

- *SB83_R1* – 5 – Sec.

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