Nevada 2025 Regular Session Status: In Committee 1 R cosponsors

SB 339 — Revises provisions relating to common-interest communities. (BDR 10-639)

Last action — (Pursuant to Joint Standing Rule No. 14.3.1, no further action allowed.)

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

This bill died with 2025 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

How this bill changes current law

4 changes Share ↗

Compared against the Nevada Revised Statutes as published AI-generated reading aid — verify against the official bill.

The bill requires audits of financial accounts for common-interest community associations under specific conditions, mandates background investigations for executive board candidates, and changes reserve study frequency to annually.

  • NRS 116.31144

    the executive board shall: (a) If the annual budget of the association is $45,000 or more but less than $75,000, cause the financial statement of the association to be reviewed by an independent certified public accountant during the year immediately preceding the year in which a study of the reserves of the association is to be conducted pursuant to NRS 116.31152. (b) If the annual budget of the association is $75,000 or more but less than $150,000, cause the financial statement of the association to be reviewed by an independent certified public accountant every fiscal year. (c) If the annual budget of the association is $150,000 or more, cause the financial statement of the association to be audited by an independent certified public accountant every fiscal year. → the Division shall investigate and audit all financial accounts related to an association if the Division has reasonable cause to believe that the accounts or records of the association have not been properly maintained and the Division determines that the investigation and audit are reasonably necessary to assist the Division in administering or enforcing the provisions of this chapter and any other statute that the Division is charged with administering or enforcing.

    The bill changes the responsibility for auditing financial statements from the executive board to the Real Estate Division under certain conditions.

  • NRS 116.31152

    the executive board to: (1) cause a study of the reserves to be conducted every 5 years; (2) annually review the results of the study; → the study to be conducted every year and establishes the standards for the study.

    It increases the frequency of required reserve studies from every five years to annually.

  • NRS 116.31034

    The Division shall prepare a report on the background of a candidate nominated for membership to an executive board pursuant to NRS 116.31034.

    This addition introduces a requirement for background checks on candidates for the executive board of an association.

  • NRS 116.31034

    The Division shall by regulation establish a training and orientation program for members of executive boards, which must include, without limitation, information concerning the powers and duties of the members.

    It mandates training for executive board members within six months of their election or appointment.

Action History

  1. (Pursuant to Joint Standing Rule No. 14.3.1, no further action allowed.)

  2. From printer. To committee.

  3. Read first time. Referred to Committee on Judiciary. To printer.

Sponsors

Sponsorship breakdown

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

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (66)

66 members have not signed on to this bill.

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"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.

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Frequently asked questions

Who sponsors SB 339?
SB 339 is sponsored by Buck, Carrie Ann (Republican).
What is the current status of SB 339?
This bill died with 2025 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 339?
Track SB 339 free on One Click Politics — get push/email alerts when it moves.

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