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AB 507 Nevada Assembly · 2025 Regular Session

Revises provisions relating to state financial administration. (BDR 31-933)

AB 507 revises Nevada’s budget revision process for state agencies. It clarifies that a $75,000 threshold applies to the total amount of any single budget revision request (not per category) and prohibits splitting large requests to avoid oversight. State agencies must now get approval from the Interim Finance Committee for any revision that either exceeds $75,000 in total or cumulatively changes spending by 20% or $350,000 (whichever is less) for any budget category. This procedural bill affects all executive branch departments needing budget adjustments during a fiscal year.
Bill status signed all 5 stages cleared
Introduction
Mar 2025
Committee Review
May 2025
Assembly Passage
May 2025
Senate Passage
May 2025
Signed into Law
May 2025
Introduced Mar 24, 2025 Signed May 30, 2025
Maddy AI version diff · 1 comparison

What changed between versions

As Introduced → As Enrolled · 5 edits · May 30, 2025
MODERATE
This bill clarifies and strengthens rules for revising state department budgets during the fiscal year. It ensures that significant budget changes over $75,000 or those affecting 20% of spending levels require Interim Finance Committee approval, preventing agencies from splitting requests to bypass oversight.
Scope change
The bill applies to all departments, institutions, and agencies within the Executive Department of the State Government when they request budget revisions.
REQUIREMENT

Clarified that the $75,000 threshold applies to any proposed revision within a work program, regardless of other concurrent revisions.

Prohibited dividing budget revision requests into separate submissions to avoid Interim Finance Committee approval requirements.

TIMELINE

Established specific timeframes for committee review: 15 days for expeditious action requests and 45 days for standard requests, with automatic approval if not reviewed within these periods.

EXEMPTIONS

Created exceptions for budget revisions required by accepted gifts/grants or for carrying forward unexpended balances without purpose changes.

TECHNICAL

Updated formatting and session information to reflect the 83rd Session (2025) and proper bill numbering conventions.

Floor votes · Senate May 21, 2025 · Assembly Apr 16, 2025

How they voted

20–0
Passed
Total votes 20
May 21, 2025
D Democratic12
12 Yea
100% Yea
R Republican8
8 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
13
Key actions
7
Committee
3
May 30, 2025
Signed into law
Approved by the Governor. Chapter 154.
executive
May 22, 2025
Lower · Passed
In Assembly. To enrollment.
lower
May 21, 2025
Upper · Passed
Read third time. Passed. Title approved. (Yeas: 21, Nays: None.) To Assembly.
upper
May 19, 2025
Upper · Passed
From committee: Do pass. Placed on Second Reading File. Read second time.
upper
Apr 16, 2025
Lower · Passed
Read third time. Passed. Title approved. (Yeas: 42, Nays: None.) To Senate.
lower
Apr 10, 2025
Lower · Passed
From committee: Do pass.
lower
Mar 26, 2025
Lower · Passed
From printer. To committee.
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.