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SB 327 Nevada Senate · 2025 Regular Session

Revises provisions relating to contractors. (BDR 54-1025)

SB 327 revises Nevada's contractor licensing rules by changing the requirement for surety bonds. It replaces the current rule (NRS 624.270) that bonds must be provided by companies with "A" or better debt ratings to a new standard requiring bonds from companies listed in the U.S. Department of the Treasury's Circular No. 570. This directly affects licensed contractors and applicants seeking licenses in Nevada, who must now use Treasury-certified surety companies. The bill does not change bond amounts or other existing requirements, only the qualifying entities for surety bonds.
Bill status vetoed 4 of 5 stages cleared
Introduction
Mar 2025
Committee Review
May 2025
Senate Passage
Apr 2025
Assembly Passage
May 2025
Vetoed
Jun 2025
Introduced Mar 11, 2025 Vetoed Jun 2, 2025
Maddy AI version diff · 1 comparison

What changed between versions

As Introduced → As Enrolled · 4 edits
MODERATE
This bill revises contractor bond requirements in Nevada by replacing credit rating criteria with a new certification standard from the U.S. Treasury. The changes apply to all licensed contractors and applicants, with additional specific requirements for residential pool, spa, and photovoltaic system contractors.
Scope change
Scope remains the same (contractors and license applicants), but the specific criteria for bond providers changed from credit ratings to Treasury certification.
REQUIREMENT

Bond provider qualification changed from requiring 'A' or better credit ratings by nationally recognized agencies to requiring the provider to be listed as a certificate holding company in U.S. Treasury Circular No. 570.

New subsections added requiring specific performance and payment bonds for contractors working on residential pools, spas, or photovoltaic systems, with bond amounts set at 50% of contract value.

ENFORCEMENT

New provisions allow the Board to require bonds from contractors who have five valid complaints filed against them within a 15-day period.

ELIGIBILITY

Bond relief provisions maintained for contractors with 5+ years of licensed history, but new conditions added for when the Board can reinstate bond requirements.

Floor votes · Senate Apr 15, 2025 · Assembly May 22, 2025

How they voted

20–0
Passed
Total votes 20
Apr 15, 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
12
Key actions
6
Committee
3
Jun 2, 2025
Vetoed
Vetoed by the Governor. Returned to Senate with Governor's veto message.
executive
May 23, 2025
Lower · Passed
To enrollment.
lower
May 22, 2025
Lower · Passed
Read third time. Passed. Title approved. (Yeas: 27, Nays: 15.) To Senate. In Senate.
lower
May 19, 2025
Lower · Passed
From committee: Do pass.
lower
Apr 15, 2025
Upper · Passed
Read third time. Passed. Title approved. (Yeas: 21, Nays: None.) To Assembly.
upper
Apr 14, 2025
Upper · Passed
From committee: Do pass. Placed on Second Reading File. Read second time.
upper
Mar 12, 2025
Upper · Passed
From printer. To committee.
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.