AB 427
Revises provisions relating to public financial administration. (BDR 31-739)
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Sign in to take action- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill revises the rules for how Nevada’s state funds are invested, particularly through a corporation designed to support businesses in the state. It removes restrictions on the types of businesses this corporation can invest in, allowing it to focus on industries aligned with the state’s economic plan. The bill also changes the board of directors for this corporation, streamlining its composition and experience requirements. Finally, it expands the corporation’s ability to use various funding sources, including the State Permanent School Fund, to support private equity and venture capital investments.
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