Existing law requires the summary of a bill or joint resolution introduced in the Legislature to include certain statements relating to the fiscal effect on the State and local government. (NRS 218D.415) Section 1 of this bill amends the summary of a bill or joint resolution relating to the fiscal effect on the State from “Effect on the State: Yes” to “Effect on the State: May have Fiscal Impact.” Existing law requires the Secretary of State to consult with the Fiscal Analysis Division of the Legislative Counsel Bureau to determine whether a petition for initiative or referendum may have any anticipated financial effect on the State or local governments if the initiative or referendum is approved by the voters. If the Fiscal Analysis Division determines that the petition may have an anticipated financial effect on the State or local governments, the Fiscal Analysis Division is required to prepare a fiscal note regarding the petition that includes an explanation of any such effect. The Secretary of State is required to post on the Secretary of State's Internet website any fiscal note prepared by the Fiscal Analysis Division not later than 10 business days after the Secretary of State receives the petition. (NRS 295.015) Existing law also authorizes the description of effect of an initiative or referendum to be challenged by filing a complaint in the First Judicial District Court not later than 15 days, Saturdays, Sundays and holidays excluded, after a copy of the petition is placed on file with the Secretary of State. (NRS 295.061) Section 2 of this bill revises the deadline for posting the fiscal note prepared by the Fiscal Analysis Division on the Internet website of the Secretary of State to be: (1) if the description of effect of the petition is challenged in the First Judicial District, not later than 10 business days after the decision of the First Judicial District Court relating to the challenge is issued; or (2) if the description of effect is not challenged in the First Judicial District, not later than 10 business days after the last day to file a challenge.

Statutes affected:
As Introduced: 218D.415, 295.015
BDR: 218D.415, 295.015