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Assistant Majority Leader Julia Ratti on the fifth day of the 31st Special Session in Carson City on Monday.

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Nevada Senate passes bill to give state line of credit

The Senate on Tuesday amended and approved the bill designed to provide state government with a line of credit — essentially a short-term loan — to cover any unexpected, emergency funding issue. Treasurer Zach Conine, whose office developed the plan, said Senate Bill 4 would give the state Board of Finance several mechanisms of covering an existing, legislative approved debt if it was temporarily unable to pay that bill. The line of credit, note or debentures would be backed by future state revenues and would only be good for three years.

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