AB 427 Nevada Assembly · 2025 Regular Session

Revises provisions relating to public financial administration. (BDR 31-739)

AB 427 revises Nevada’s public financial administration rules to change how the State Permanent School Fund can support business investments. It removes previous restrictions requiring investments only in specific industries, instead aligning funding with Nevada’s State Plan for Economic Development. The bill also updates board composition (replacing the Higher Education Chancellor with the Economic Development Director) and clarifies that investments must target early/middle-stage businesses seeking to expand operations in Nevada. These changes affect the corporation managing the fund and the businesses eligible for venture capital support, while maintaining the $75 million funding cap from the school fund.

Issues: ✓ Budget & Taxes

Bill status passed 3 of 5 stages cleared

Introduction

Mar 2025

Committee Review

Apr 2025

Assembly Passage

Apr 2025

Senate Passage

Governor

Introduced Mar 13, 2025 Last action May 17, 2025

Maddy AI version diff · 1 comparison

What changed between versions

As Introduced → Reprint 1 · 4 edits

MODERATE

This bill was amended to update its title and legislative digest to reflect changes in the program's focus, including revisions to financing information requirements for small businesses. The amendments clarify that the bill now addresses both private equity funding and updated financing disclosure obligations managed by the Office of Economic Development.

Scope change

The bill's scope was expanded to include revisions to financing information requirements that must be provided to small businesses by the Office of Economic Development, in addition to the existing private equity funding provisions.

SCOPE

Updated the bill title and legislative digest to reflect that the legislation now includes revisions to financing information disclosure requirements for small businesses administered by the Office of Economic Development.

TECHNICAL

Changed the bill version designation from 'As Introduced' to 'Reprint 1' dated April 16, 2025, indicating this is the first reprinted version after amendments were adopted.

Updated the bill sponsor designation from 'Assemblymember Yeager' to 'Assemblymembers Yeager and Delong', adding a co-sponsor.

Changed the bill identifier from 'AB427' to 'AB427_R1' in the document headers to reflect the reprinted version with amendments.

Floor votes · Assembly Apr 17, 2025

How they voted

40–0

Passed

Total votes 40

Apr 17, 2025

D Democratic26

26 Yea

100% Yea

R Republican14

14 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 17, 2025

Lower · Passed

From printer. To engrossment. Engrossed. First reprint. Read third time. Passed, as amended. Title approved, as amended. (Yeas: 42, Nays: None.) To Senate.

lower

Apr 15, 2025

Lower · Passed

From committee: Amend, and do pass as amended.

lower

Mar 17, 2025

Lower · Passed

From printer. To committee.

lower

1 primary · 1 co-sponsor