Directs the Joint Interim Standing Committee on Growth and Infrastructure to conduct a study during the 2025-2026 interim concerning the Nevada…

Existing law creates the Nevada Commission for the Reconstruction of the V & T Railway of Carson City and Storey County and authorizes it to do all things necessary to establish and maintain a railway known as the Virginia & Truckee Railroad. (Sections 2 and 7 of the Nevada Commission for the Reconstruction of the V & T Railway Act of 1993) Existing law also creates the Joint Interim Standing Committee on Growth and Infrastructure. (NRS 218E.320) This bill directs the Committee to conduct a study during the 2025-2026 interim concerning the Commission which includes, without limitation, a comprehensive evaluation of the Commission that examines the current structure, duties and powers of the Commission and the long-term financial viability of the Commission. Existing law requires: (1) a Joint Interim Standing Committee to prepare a comprehensive report of the Committee's activities in the interim and its findings and any recommendations for proposed legislation; and (2) such a report to be submitted to the Director of the Legislative Counsel Bureau for distribution to the next regular session of the Legislature. (NRS 218E.330) This bill requires the Committee to include in its report for the 2025-2026 interim its findings and recommendations for legislation relating to the study conducted pursuant to this bill. This bill further requires such recommendations to include, without limitation, any recommendations for actions that the Commission or any other entity may take to improve the long-term financial viability of the Commission and recommendations concerning whether legislation should be proposed to: (1) reorganize the structure of the Commission or modify the duties or powers of the Commission; (2) improve the long-term financial viability of the Commission; or (3) terminate the Commission and address related issues, including, without limitation, disposition of the assets of the Commission.

Directs the Joint Interim Standing Committee on Growth and Infrastructure to conduct a study during the 2025-2026 interim concerning the Nevada Commission for the Reconstruction of the V & T Railway of Carson City and Storey County. (BDR S-404)