Requires the transfer of certain money from the Account to Stabilize the Operation of the State Government to the State General Fund. (BDR S-1240)
AB 587 transfers $288.7 million from Nevada's Rainy Day Account (the "Account to Stabilize the Operation of the State Government") to the State General Fund for the 2025-2026 fiscal year, and $61.8 million for 2026-2027. This bill directly affects state budget operations by making existing surplus funds available for general spending, rather than reserving them for fiscal emergencies. The funds will be unrestricted, allowing the state to use them for any purpose without specific allocation requirements. The transfer becomes effective July 1, 2025, and does not create new revenue or spending.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2025
Committee Review
Floor Vote
Governor
Introduced May 16, 2025
Last action Jun 3, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
1
Committee
1
May 19, 2025
Lower · Passed
From printer. To committee.
lower
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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