Existing law requires the Fiscal Analysis Division of the Legislative Counsel Bureau to obtain a fiscal note on each bill or joint resolution that: (1) creates or increases any fiscal liability of the State or decreases any revenue of the State which appears to be in excess of $2,000; or (2) increases or newly provides for a term of imprisonment in the state prison or makes release on parole or probation from the state prison less likely. However, such a fiscal note is not required on any bill or joint resolution relating exclusively to the proposed executive budget. (NRS 218D.430) For the purpose of indicating whether the Fiscal Analysis Division is required to obtain a fiscal note on a bill or joint resolution, the summary of each bill or joint resolution introduced in the Legislature is required to include a statement of the fiscal effect on the State. Such a statement may include, without limitation, a statement that the fiscal effect on the State is included in the Executive Budget or contains an appropriation included in the Executive Budget. (NRS 218D.415) This bill clarifies that for the purposes of determining the fiscal effect on the State included in the summary of a bill or joint resolution and whether or not the Fiscal Analysis Division is required to obtain a fiscal note, the “Executive Budget” is the proposed budget submitted by the Governor to the Legislature not later than 14 calendar days before the commencement of the regular legislative session. (NRS 353.230)

Statutes affected:
As Introduced: 218D.415, 218D.430
As Enrolled: 218D.415, 218D.430