AB 554
Revises provisions relating to the Grant Matching Account. (BDR 18-1227)
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Bill overview
This bill changes how money is handled in the Nevada Grant Matching Account, which helps state and local agencies secure federal grants. Currently, money not committed for spending by June 30th of an odd-numbered year reverts to the State General Fund. This bill prevents that reversion, allowing any remaining funds in the account to be carried forward to the next fiscal year, ensuring more resources are available for matching grant funds.
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Primary sponsor
Assembly Committee on Ways and Means
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