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AB 301

Revises provisions relating to community development. (BDR 25-1047)

2025 Regular Session Introduced by Heather Goulding and 1 co-sponsor

AB 301 strengthens GID transparency and allows higher trustee pay for sewer/water districts, expands reporting and tax-credit transfer rules to speed and broaden affordable housing

Chapter 467.
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Bill Summary · AB 301

AB 301 — Summary (BDR 25‑1047)

Status: Enacted (Chapter 467). Introduced: Jan 23, 2025. Final: Enrolled and approved by Governor (2025). Urgency clause adopted (effective immediately).

Purpose

AB 301 revises statutes governing General Improvement Districts (GIDs) and makes related changes to transparency and affordable‑housing tax credit procedures. The bill updates recordkeeping and public‑access requirements for GID boards, increases allowable trustee compensation for certain GIDs, adds reporting requirements for television‑facility GIDs, adjusts publication exemptions, and streamlines procedural rules for issuance and transfer of certain state transferable tax credits for low‑income housing.

Key provisions — highlights

  • Records and transparency (NRS 318.085 — amended)

    • Eliminates the outdated requirement that board records be kept “in a well‑bound book,” but retains and expands the secretary’s duty to maintain minutes, audio recordings/transcripts, budgets, certificates, contracts, bonds, and other records necessary to perform board duties.
    • Treasurer’s permanent records must include audits and financial statements; corporate surety bond limit remains (up to $50,000, set by county).
    • All board records (minutes, budgets, audits, financial statements, etc.) must either be:
    • published on the board’s own website; or
    • provided to the county for publication on the county website (files must be ADA‑compatible).

  • Trustee compensation

    • Maintains $6,000/year cap for most GID trustees.
    • Increases the existing higher cap for GIDs that have powers relating to sanitary sewer, garbage collection, or water supply (NRS 318.140, 318.142, 318.144) from $9,000/year to $14,500/year. Existing procedural safeguards remain (budget adequacy, majority board vote, parity among members, effective date tied to next biennial election).

  • Television (TV) GIDs (NRS 318.1192)

    • Requires GIDs formed (wholly or in part) to acquire television maintenance facilities to submit an annual report to the county commission covering budget/expenditures, equipment and license status, and a recommendation about whether continuation of the district is necessary.

  • Publication exemption / budget filing

    • For GIDs that obtain Department of Taxation exemptions from the Local Government Budget and Finance Act, the bill exempts them from certain LGFB Act publication requirements but requires the district to publish its budget, financial statements and audits as required under the amended recordkeeping rules.

  • Transferable affordable‑housing tax credits (NRS 360.860–360.870 — administrative changes)

    • Shortens the required lead time for submitting a final application for issuance of transferable tax credits from at least 45 days before project closing to at least 15 days (with specified exceptions).
    • Allows long‑term ground leases to satisfy demonstration of land acquisition for closing.
    • Broadens transferability rules to permit a project sponsor to transfer credits to partners/members or other entities and to allow further transfers to subsequent entities.

Who is affected

  • General Improvement Districts statewide (about 75 active GIDs); the measure is estimated to directly affect roughly one‑third of those that provide sewer, water or refuse services (the groups eligible for higher trustee compensation).
  • GID board members (compensation, recordkeeping duties).
  • County governments (may host district records online; receive TV‑GID annual reports).
  • Developers/sponsors using state transferable low‑income housing tax credits (shorter timing, expanded transfer rules).

Fiscal and procedural notes

  • Fiscal impact: bill notes “may have fiscal impact” on local governments (administrative costs for publication, reporting, and possibly higher trustee compensation). An amendment removed an identified unfunded mandate.
  • Implementation: The bill includes timing and procedural safeguards (budget adequacy, majority vote, effective date of compensation increases tied to election cycle). Urgency clause adopted — effective immediately upon chaptering.

Compiled from official sources — confirm details with the bill’s official record.

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