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AB 540 Nevada Assembly · 2025 Regular Session

Revises provisions relating to governmental administration. (BDR 25-1036)

AB 540 creates the Nevada Attainable Housing Account in the State General Fund with a $200 million appropriation to support affordable housing projects. It requires recipients of funds to provide matching funds (with exceptions), exempts projects from prevailing wage requirements, and establishes the Nevada Attainable Housing Council to oversee fund allocation. The bill directly affects housing developers, local governments, and renters through new rental payment reporting to credit agencies. Key mechanisms include annual allocation plans by the Housing Division, mandatory financial interest disclosures for council members, and streamlined approval processes for attainable housing projects.
Issues: ✓ Budget & TaxesSupports Budget & TaxesAllocates $200M from State General Fund to affordable housing, directly increasing public spending on housing programs.95% confidence ✓ HousingSupports HousingCreates $200M Nevada Attainable Housing Account for affordable housing projects, requires matching funds, exempts prevailing wage, establishes oversight council.95% confidence ✗ Labor & EmploymentOpposes Labor & EmploymentExempts housing projects from prevailing wage requirements, weakening worker wage protections per Labor & Employment indicators.80% confidence
Bill status signed all 5 stages cleared
Introduction
Mar 2025
Committee Review
Jun 2025
Assembly Passage
May 2025
Senate Passage
Jun 2025
Signed into Law
Jun 2025
Introduced Mar 24, 2025 Signed Jun 9, 2025
Maddy AI version diff · 4 comparisons

What changed between versions

Reprint 3 → As Enrolled · 6 edits · Jun 9, 2025
MODERATE
This bill transitions from a committee draft to its final enrolled version, incorporating amendments that formally establish the Nevada Attainable Housing Account and create the Nevada Attainable Housing Council to oversee housing initiatives. The changes include specific funding allocations, new reporting requirements for the Housing Division, and updates to contractor licensing rules for rural areas.
Scope change
The bill's scope is now finalized with specific funding amounts and operational details added that were not present in the committee version.
FISCAL

Added specific appropriation of $133,000,000 to the new Nevada Attainable Housing Account.

REQUIREMENT

Added a requirement for the Housing Division to submit annual reports to the Interim Finance Committee regarding the Account.

Added the creation of the Nevada Attainable Housing Council to provide oversight and strategic guidance for housing funds.

Added requirements for the Housing Division to include survey data and updated demographic thresholds in the statewide low-income housing database.

DEFINITION

Renamed the position of 'Housing Advocate' to 'Housing Liaison' within the Housing Division.

ELIGIBILITY

Added provisions allowing the State Contractors' Board to issue provisional licenses and waive fees for contractors working on attainable housing projects in rural areas.

Floor votes · Assembly May 28, 2025

How they voted

40–0
Passed
Total votes 40
May 28, 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
11
Key actions
7
Committee
5
Jun 9, 2025
Signed into law
Approved by the Governor. Chapter 432.
executive
Jun 2, 2025
Upper · Passed
From committee: Amend, and do pass as amended. Placed on Second Reading File. Read second time. Amended. (Amend. No. 990.) Reprinting dispensed with. Declared an emergency measure under the Constitution. Placed on General File. Read third time. Passed, as amended. Title approved, as amended. (Yeas: 15, Nays: 6.) To printer. From printer. To re-engrossment. Re-engrossed. Third reprint. To Assembly. In Assembly. Senate Amendment No. 990 concurred in. To enrollment.
upper
May 28, 2025
Lower · Passed
From printer. To reengrossment. Reengrossed. Second reprint. Read third time. Passed, as amended. Title approved, as amended. (Yeas: 42, Nays: None.) To Senate.
lower
May 27, 2025
Lower · Passed
From committee: Amend, and do pass as amended. Placed on General File. Read third time. Amended. (Amend. No. 833.) To printer.
lower
May 22, 2025
Lower · Passed
From printer. To engrossment. Engrossed. First reprint. To committee.
lower
May 20, 2025
Lower · Passed
From committee: Amend, and do pass as amended. Placed on Second Reading File. Read second time. Amended. (Amend. No. 706.) Taken from General File. Rereferred to Committee on Ways and Means. To printer.
lower
Mar 26, 2025
Lower · Passed
From printer. To committee. Notice of eligibility for exemption.
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.