AB506

Existing law creates the Interim Finance Committee, commonly known as IFC, which is authorized to exercise certain powers only when the Legislature is not in a regular or special session. (NRS 218E.400, 218E.405) Section 1 of this bill eliminates the requirement that the Attorney General submit annually to IFC an itemized statement of the income and expenditures for the Registry Account created in the State General Fund for purposes of depositing the fees paid by certain telephone solicitors. Section 2 of this bill eliminates the requirement that the Executive Director of the Office of Economic Development within the Office of the Governor submit an annual report to IFC relating to the Catalyst Account and certain transferable tax credits to promote economic development. Section 3 of this bill eliminates the requirement that the Director of the Department of Corrections submit a report to each meeting of IFC identifying any accounts receivable relating to a program for the employment of offenders. Existing law creates the Legislative Bureau of Educational Accountability and Program Evaluation within the Fiscal Analysis Division of the Legislative Counsel Bureau, which has certain duties relating to: (1) collecting and analyzing data; and (2) conducting studies and analyses relating to the public education system within the State. Existing law further requires the Legislative Bureau of Educational Accountability and Program Evaluation to submit a written report of its findings