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.” Section 1 further requires the summary of a bill or resolution to include certain statements relating to the fiscal effect of the bill or joint resolution on the State Highway Fund. Existing law provides that, if a bill or joint resolution is submitted to a local government for a fiscal note and the local government determines the bill or joint resolution reduces the revenues or increases the expenditures of the local government, the local government is required to prepare a fiscal note and return it to the Fiscal Analysis Division of the Legislative Counsel Bureau within 8 working days. (NRS 218D.475) Section 1.5 of this bill authorizes the Fiscal Analysis Division to extend the period of time to return the fiscal note by not more than 7 additional days if the matter requires extended research.

Statutes affected:
As Introduced: 218D.415, 295.015
Reprint 1: 218D.415, 218D.475, 295.015
Reprint 2: 218D.415, 218D.475
As Enrolled: 218D.415, 218D.475
BDR: 218D.415, 295.015