AB554

Existing law creates the Nevada Grant Matching Program within the Office of Federal Assistance in the Office of the Governor to provide funds as grants to state agencies, local agencies, tribal governments and nonprofit organizations for the purpose of satisfying the matching funds requirement for a federal grant. (NRS 223.490) Existing law also: (1) creates the Grant Matching Account as part of the Program; and (2) requires money in the Account, except for money received from a grant, gift or donation to the Account, that has not been committed for expenditure on or before June 30 of an odd-numbered fiscal year to revert to the State General Fund. (NRS 223.492) This bill provides that any money remaining in the Account at the end of a fiscal year does not revert to the State General Fund and requires the balance in the Account to be carried forward to the next fiscal year. Close digest Existing law creates the Nevada Grant Matching Program within the Office of Federal Assistance in the Office of the Governor to provide funds as grants to state agencies, local agencies, tribal governments and nonprofit organizations for the purpose of satisfying the matching funds requirement for a federal grant. (NRS 223.490) Existing law also: (1) creates the Grant Matching Account as part of the Program; and (2) requires money in the Account, except for money received from a grant, gift or donation to the Account, that has not been committed for expenditure on or before June 30 of an odd-n