AB347
AN ACT relating to state financial administration; revising the threshold for which state agencies may accept gifts, including grants from nongovernmental sources; and providing other matters properly relating thereto. Close title AN ACT relating to state financial administration; revising the threshold for which state agencies may accept gifts, including grants from nongovernmental sources; and providing other matters properly relating thereto.
Introduction Date
Monday, March 3, 2025
Primary Sponsor
Assembly Committee on Ways and Means
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AN ACT relating to state financial administration; revising the threshold for which state agencies may accept gifts, inc
Existing law provides that, under certain circumstances, a state agency may accept gifts, including grants from nongovernmental sources, not exceeding $200,000 each in value. (NRS 353.335) This bill revises the threshold to allow state agencies to accept such gifts, including grants from nongovernmental sources, not exceeding $500,000 each in value. Close digest Existing law provides that, under certain circumstances, a state agency may accept gifts, including grants from nongovernmental sources, not exceeding $200,000 each in value. (NRS 353.335) This bill revises the threshold to allow state agencies to accept such gifts, including grants from nongovernmental sources, not exceeding $500,000 each in value.
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