SB499
AN ACT relating to state financial administration; revising provisions relating to the lease of residential property owned by this State to state officers and employees; authorizing a temporary advance from the State General Fund for expenses relating to fire suppression and emergency response in certain circumstances; creating the Out-of-State Fire Suppression Account; revising provisions relating to the Division of Forestry Account; making an appropriation; and providing other matters properly relating thereto. Close title AN ACT relating to state financial administration; revising provisions relating to the lease of residential property owned by this State to state officers and employees; authorizing a temporary advance from the State General Fund for expenses relating to fire suppression and emergency response in certain circumstances; creating the Out-of-State Fire Suppression Account; revising provisions relating to the Division of Forestry Account; making an appropriation; and providing other matters properly relating thereto.
Introduction Date
Monday, May 19, 2025
Primary Sponsor
Senate Committee on Finance
Public exhibits
0
Support 0 · Opp 0 · Neutral 0
Auditor findings
0
recusal 0 · QPQ 0
AN ACT relating to state financial administration; revising provisions relating to the lease of residential property own
Existing law authorizes the Administrator of the Division of State Lands of the State Department of Conservation and Natural Resources, as ex officio State Land Registrar, to lease residential property owned by this State for less than the fair market value of the property to a state officer or employee who is required as a condition of his or her employment to reside in state-owned residential property. (NRS 322.063) Section 1 of this bill expands this authority to allow the lease of state-owned residential property at less than fair market value to a state officer or employee if a state agency that manages state-owned residential property determines that it is beneficial to the State of Nevada for the state officer or employee to reside in the property. Section 1 also requires a state agency that manages state-owned residential property to account separately for the rent collected from such leases and use the money only for the operation and maintenance of state-owned residential property that is managed by the state agency. Section 1 provides that the remaining balance of money collected from such rent does not revert to the State General Fund at the end of a fiscal year and is required to be carried forward to the next fiscal year. Existing law authorizes temporary advances from the State General Fund to specified state agencies for certain delays in the receipt of revenue or for certain emergencies. (NRS 353.3463-353.361) During the 2023-2025 biennium, the Director of th
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