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S.B. 145
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*SB145*
SENATE BILL NO. 145–SENATOR TAYLOR
PREFILED JANUARY 30, 2025
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Referred to Committee on Finance
SUMMARY—Makes a contingent appropriation for the restoration
and refurbishment of the Lear Theater in Reno,
Nevada. (BDR S-765)
FISCAL NOTE: Effect on Local Government: May have Fiscal Impact.
Effect on the State: Contains Appropriation not included
in Executive Budget.
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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.
AN ACT making a contingent appropriation for allocation to the
City of Reno for the restoration and refurbishment of the
Lear Theater in Reno, Nevada; and providing other
matters properly relating thereto.
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN
SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
Section 1. 1. There is hereby appropriated from the State
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General Fund to the Interim Finance Committee the sum of
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$12,500,000 for allocation to the City of Reno for the restoration
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and refurbishment of the Lear Theater in Reno, Nevada, including,
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without limitation, any necessary repairs to meet the requirements of
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any applicable building, fire, health and safety codes.
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2. Allocation of the money appropriated by subsection 1 is
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contingent upon matching money being obtained by the City of
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Reno, including, without limitation, gifts, grants and donations to
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the City of Reno from private and public sources of money other
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than the appropriation made by subsection 1. The Interim Finance
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Committee shall not direct the transfer of any portion of money
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from the appropriation made by subsection 1 until the City Manager
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of the City of Reno submits to the Committee proof satisfactory to
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the Committee that matching money in an equivalent amount has
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been committed.
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*SB145*
3. Upon acceptance of the money appropriated by subsection 1,
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the City Manager of the City of Reno agrees to:
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(a) Prepare and transmit a report to the Interim Finance
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Committee on or before December 18, 2026, that describes each
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expenditure made from the money appropriated by subsection 1
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from the date on which the money was received by the City of Reno
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through December 1, 2026;
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(b) Prepare and transmit a final report to the Interim Finance
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Committee on or before September 17, 2027, that describes each
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expenditure made from the money appropriated by subsection 1
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from the date on which the money was received by the City of Reno
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through June 30, 2027; and
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(c) Upon request of the Legislative Commission, make available
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to the Legislative Auditor any of the books, accounts, claims,
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reports, vouchers or other records of information, confidential or
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otherwise, of the City of Reno, regardless of their form or location,
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that the Legislative Auditor deems necessary to conduct an audit of
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the use of the money appropriated by subsection 1.
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4. Any remaining balance of the appropriation made by
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subsection 1 must not be committed for expenditure after June 30,
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2027, by the entity to which the appropriation is made or any entity
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to which money from the appropriation is granted or otherwise
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transferred in any manner, and any portion of the appropriated
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money remaining must not be spent for any purpose after
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September 17, 2027, by either the entity to which the money was
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appropriated or the entity to which the money was subsequently
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granted or transferred, and must be reverted to the State General
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Fund on or before September 17, 2027.
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Sec. 2. This act becomes effective upon passage and approval.
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