Revises provisions relating to state financial administration. (BDR 31-1156)

SB 462 revises Nevada's state budgeting procedures to improve financial planning. It updates how agencies calculate their "adjusted base budget" by changing which costs (like one-time expenses or contract changes) are included in budget calculations. The bill also modifies the Rainy Day Account limit to use the previous fiscal year's spending data instead of the current year's, and transfers responsibility for statewide cost allocation plans from one agency to the Budget Division Chief. These changes directly affect state agencies, the Legislature's budget analysis office, and the Office of Finance as they prepare and review the state's biennial budget.