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AB 355

Revises provisions relating to education. (BDR 34-937)

2025 Regular Session

AB 355 preserves year-end balances in two rural education capital funds and allows grants for tribal-land capital projects using gifts, donations, or accrued interest.

Approved by the Governor. Chapter 146.
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Bill Summary · AB 355

Summary — AB 355 (BDR 34-937) — Revises provisions relating to education (Chapter 146, 2025)

Note: the package of source documents included unrelated material about a California bill. This summary focuses on Nevada AB 355 (BDR 34-937), which was approved by the Governor (Chapter 146) on May 30, 2025.

Main purpose

AB 355 (2025) (Committee on Ways and Means) prevents unspent balances in two education capital funds from reverting to the State General Fund at fiscal year end, and expands eligibility for grants from the Fund to Assist Rural School Districts in Financing Capital Improvements to cover certain gifts/grants/donations and accrued interest for projects on qualified tribal land.

Key provisions

  • Carryforward of fund balances

    • Amends NRS 387.333 (Fund to Assist School Districts in Financing Capital Improvements) and NRS 387.3341 (Fund to Assist Rural School Districts in Financing Capital Improvements).
    • Any money remaining in either Fund at the end of the fiscal year does not revert to the State General Fund; fund balances must be carried forward to the next fiscal year.
    • Funds continue to be administered by the Director of the Office of Finance; interest earned is credited to the Fund and claims are paid as other state claims.

  • Expanded grant eligibility for rural fund (NRS 387.3343 as amended)

    • Continues to provide grants to school districts in counties with population < 100,000 (currently all counties except Clark and Washoe) for capital projects (new construction, remodeling/repair, site acquisition).
    • Adds that a board of trustees may apply for a grant in any fiscal year in which the district:
    • Receives a gift, grant, or donation for a capital project located on qualified tribal land; and/or
    • Accrues interest on money received by the district for such a tribal-land capital project.
    • Application must include a project description and documentation of the tax, gift/grant/donation, or accrued interest as applicable.
    • The Director may award grants equal to the applicable tax proceeds (as before) or equal to documented gift/grant/donation amounts or accrued interest for qualified tribal land projects, to the extent money is available and the project qualifies.

Who is affected

  • Primary: rural Nevada school districts (counties <100,000 population), especially those undertaking capital projects on qualified tribal land.
  • Secondary: tribal communities hosting eligible projects, the Office of Finance (Director), and county treasurers/boards of trustees that levy or collect specified local taxes.
  • Fiscal: statute states no state or local fiscal effect (fiscal note: “Effect on Local Government: No. Effect on the State: No.”).

Procedural / timeline

  • Introduced: March 4, 2025 (referred to Ways & Means).
  • Assembly amendments adopted (Amendment No. 153) adding the tribal-land grant provisions.
  • Passed Assembly and Senate (amended), enrolled May 27, 2025.
  • Approved by Governor: May 30, 2025 (Chapter 146).
  • Effective: upon passage and approval.

Practical impact

  • Preserves year-to-year balances in two state funds dedicated to school capital improvements, allowing unspent funds to be available for future needs rather than reverting to the General Fund.
  • Enables rural districts to leverage private gifts, grants, donations, and accrued interest tied to projects on qualified tribal land by permitting matching or supplemental grants from the rural fund even where local tax levies are not present — potentially improving capital funding options for tribal-area school projects.

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

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