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83rd Session (2025)
Senate Bill No. 480–Committee on Finance
CHAPTER..........
AN ACT making an appropriation to the Office of Finance in
the Office of the Governor for a loan to the Office of the
Chief Information Officer within the Office of the Governor
for the replacement of uninterruptible power supply
equipment and related expenses; and providing other matters
properly relating thereto.
EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.
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
General Fund to the Office of Finance in the Office of the Governor
for a loan to the Office of the Chief Information Officer within the
Office of the Governor for the replacement of uninterruptible power
supply equipment and related licensing and maintenance expenses
the following sums:
For the Fiscal Year 2025-2026 .................................. $790,902
For the Fiscal Year 2026-2027 ...................................... $9,450
2. The amounts appropriated by subsection 1 are a loan.
Commencing on July 1, 2027, the Chief Information Officer shall
use revenues from intergovernmental transfers to repay the loan in
annual installments to the State Treasurer for deposit in the State
General Fund. Each annual installment must be 25 percent of the
loan, and the loan must be fully repaid not later than the end of
Fiscal Year 2030-2031.
3. Any balance of the sums appropriated by subsection 1
remaining at the end of the respective fiscal years must not be
committed for expenditure after June 30 of the respective fiscal
years by the entity to which the appropriation is made or any entity
to which money from the appropriation is granted or otherwise
transferred in any manner, and any portion of the appropriated
money remaining must not be spent for any purpose after
September 18, 2026, and September 17, 2027, respectively, by
either the entity to which the money was appropriated or the entity
to which the money was subsequently granted or transferred, and
must be reverted to the State General Fund on or before
September 18, 2026, and September 17, 2027, respectively.
Sec. 2. This act becomes effective on July 1, 2025.
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