Revises provisions relating to the efficacy of state programs. (BDR 17-552)

SB 206 requires Nevada's Fiscal Analysis Division to study the cost-effectiveness of state programs during legislative interims. Specifically, it mandates analyzing the potential return on investment for up to two new or revised programs and the annual return on investment for up to three existing programs each year. The division must submit these reports to the Interim Finance Committee by December 1 of even-numbered years, with the option to hire outside experts if funds allow. This procedural change affects how state agencies design and evaluate programs, focusing on fiscal efficiency without altering existing policies. The bill becomes effective July 1, 2025.