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AB 554 Nevada Assembly · 2025 Regular Session

Revises provisions relating to the Grant Matching Account. (BDR 18-1227)

AB 554 revises Nevada's Grant Matching Account rules to prevent unused funds from reverting to the State General Fund at year-end. Specifically, it changes the requirement that uncommitted funds must revert by June 30 of odd-numbered years, instead requiring all remaining balance to carry forward to the next fiscal year. This affects the Nevada Grant Matching Program, which provides funds to state agencies, local governments, tribes, and nonprofits to meet federal grant matching requirements. The change simplifies financial administration by eliminating annual reversion of unspent funds. The bill takes effect July 1, 2025, with no fiscal impact on state or local government.
Issues: ✓ Budget & TaxesSupports Budget & TaxesPrevents unused grant funds from reverting to General Fund, ensuring continuity for federal matching programs - promotes fiscal responsibility in budget management.90% confidence
Bill status signed all 4 stages cleared
Introduction
May 2025
Committee Review
May 2025
Assembly Passage
May 2025
Signed into Law
Jun 2025
Introduced May 8, 2025 Signed Jun 5, 2025
Maddy AI version diff · 2 comparisons

What changed between versions

Reprint 1 → As Enrolled · 3 edits · Jun 5, 2025
MINOR
This bill changes how leftover money in the Nevada Grant Matching Account is handled. Previously, unused funds from odd-numbered fiscal years had to be returned to the state's general fund. Now, any remaining balance stays in the account and is carried forward to the next fiscal year, allowing agencies to use these funds for future matching requirements.
Scope change
The scope of the Grant Matching Account's financial rules was expanded to allow fund retention across fiscal years, specifically removing the requirement to return unused odd-year funds to the state.
FISCAL

Replaced the rule requiring unused funds from odd-numbered fiscal years to revert to the State General Fund with a rule allowing the balance to be carried forward to the next fiscal year.

Clarified that money received from grants, gifts, or donations must be accounted for separately and expended according to their specific terms.

REQUIREMENT

Added a specific requirement that interest and income earned on money in the Grant Matching Account must be credited back into the same account.

Floor votes · Assembly May 27, 2025

How they voted

40–0
Passed
Total votes 40
May 27, 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
10
Key actions
7
Committee
3
Jun 5, 2025
Signed into law
Approved by the Governor.
executive
May 30, 2025
Lower · Passed
In Assembly. To enrollment.
lower
May 29, 2025
Lower · Passed
Read third time. Passed. Title approved. (Yeas: 20, Nays: None, Excused: 1.) To Assembly.
lower
May 28, 2025
Lower · Passed
From committee: Do pass. Placed on Second Reading File. Read second time.
lower
May 27, 2025
Lower · Passed
From printer. To engrossment. Engrossed. First reprint. Read third time. Passed, as amended. Title approved. (Yeas: 42, Nays: None.) To Senate. In Senate. Read first time. Referred to Committee on Government Affairs. To committee.
lower
May 26, 2025
Lower · Passed
From committee: Amend, and do pass as amended. Placed on Second Reading File. Read second time. Amended. (Amend. No. 818.) To printer.
lower
May 9, 2025
Lower · Passed
From printer. To committee.
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.