Amendment No. 1103

Senate Amendment to Assembly Bill No. 527 First Reprint (BDR S-1283)

Proposed by: Committee on Finance

Amendment Box:

Resolves Conflicts with: N/A

Amends: Summary: Title: Preamble: Joint Sponsorship:

ASSEMBLY ACTION Initial and Date | SENATE ACTION Initial and Date

Adopted Lost | Adopted Lost

Concurred In Not | Concurred In Not

Receded Not | Receded Not

Amend sec. 2, page 2, line 20, by deleting "$32,500,000" and inserting "$67,500,000".

Amend sec. 2, page 2, by deleting line 21 and inserting:

"Nevada, Las Vegas [;] , $35,000,000 of which may be used for the construction, other acquisition and improvement of a dental school and other structures and clinics associated with the dental school.".

Amend the bill as a whole by renumbering sec. 3 as sec. 5 and adding new sections designated sections 3 and 4, following sec. 2, to read as follows:

"Sec. 3. 1. The board of regents of the University of Nevada may, on behalf and in the name of the university, finance the construction, other acquisition and improvement of a dental school and other structures and clinics associated with the dental school at the University of Nevada, Las Vegas, by the issuance of bonds and other securities of the university in a total principal amount not exceeding $35,000,000. The bonds and other securities may be issued at one time or from time to time, within 5 years after the effective date of this act and, except as otherwise provided in this section, must be issued in accordance with the provisions of the University Securities Law. The total principal amount of any bonds issued pursuant to this section and pursuant to chapter 501, Statutes of Nevada 1991, as amended, for this purpose must not exceed $35,000,000.

2. The bonds or other securities issued pursuant to subsection 1 must be secured by a pledge of the revenues derived from or otherwise pertaining to the imposition and collection of fees for dental services provided at a facility for the University of Nevada, Las Vegas.

3. The provisions of this section do not limit the board in funding, refunding or reissuing any securities of the university or the board at any time as provided in the University Securities Law.

4. Any bonds or other securities issued pursuant to this section must not be considered to be obligations general, special, or otherwise of the state, or to be securities of debt of the state, and are not enforceable against the state.

Sec. 4. NRS 396.828 is hereby amended to read as follows:

396.828 "Pledged revenues" means the money pledged wholly or in part for the payment of bonds or other securities issued hereunder, and, subject to any existing pledges or other contractual limitations, may include at the board’s discretion, all loans, grants or contributions to the university or board, if any, conditional or unconditional, from the Federal Government, the state, any public body or other donor for the payment of the principal of, the interest on, and any prior redemption premiums due in connection with any securities issued hereunder, or any combination thereof, and may include income or money derived from one, all or any combination of the following sources of revenue, including , without limitation , student fees and other fees, rates and charges appertaining thereto:

1. Dormitories, apartments and other facilities for housing;

2. Cafeterias, dining halls and other facilities for food service;

3. Student union and other facilities for student activities;

4. Store or other facilities for the sale or lease of books, stationery, student supplies, faculty supplies, office supplies and like material;

5. Stadium, arena, theater, fieldhouse and other athletic or recreational facilities for use in part by spectators or otherwise;

6. Land and any structures, other facilities, or other improvements thereon used or available for use for the parking of vehicles used for the transportation by land or air of persons to or from such land and any improvements thereon;

7. Properties for providing heat or any other utility furnished by the university or the board to any facilities on its campus;

8. Investments and reinvestments of unrestricted endowments; [and]

9. Any revenue derived from or otherwise pertaining to the imposition and collection of fees for dental services provided at a facility of the university; and

10. Facilities of the desert research institute, including , without limitation , money from:

(a) Grants to the desert research institute by any person or the Federal Government;

(b) Contracts and leases between the desert research institute and any person or governmental entity;

(c) The investment of any money of the desert research institute; and

(d) Any other revenue received by the desert research institute, or by the board on behalf of the desert research institute pursuant to NRS 396.795 to 396.7956, inclusive.".

Amend the title of the bill, sixth line, after "issued;" by inserting:

"authorizing the issuance of bonds for the construction of a dental school; including any revenue derived from dental services provided at a facility of the system within the definition of "pledged revenues" for the purposes of the University Securities Law;".