EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted. Green numbers along left margin indicate location on the printed bill (e.g., 5-15 indicates page 5, line 15).

1-1 Whereas, A large amount of the public money of this state is deposited

1-2 in interstate banks and invested outside of this state; and

1-3 Whereas, The Nevada Legislature has received testimony indicating

1-4 that the establishment and operation of a banking corporation by the State

1-5 of Nevada could improve the economic vitality of this state by:

1-6 1. Providing for the retention of more money within this state;

1-7 2. Insulating the public money from outside economic influences;

1-8 3. Increasing the availability of banking capital in this state;

1-9 4. Promoting the development and growth of commerce and industry in

1-10 this state; and

1-11 5. Providing an additional source of public revenue to relieve the

1-12 financial burden on the taxpayers of this state; and

1-13 Whereas, It is in the public interest for the Nevada Legislature to

1-14 obtain sufficient information to determine whether it would be practicable

1-15 for the State of Nevada to establish and operate such a banking corporation

1-16 and achieve the desired economic results; now, therefore, be it

1-17 Resolved by the Senate of the State of Nevada, the Assembly

1-18 Concurring, That the Legislative Commission is hereby directed to

1-19 appoint a subcommittee to conduct an interim study to determine the

2-1 feasibility of the establishment and operation of a banking corporation by

2-2 the State of Nevada; and be it further

2-3 Resolved, That any recommended legislation proposed by the

2-4 committee must be approved by a majority of the members of the Assembly

2-5 appointed to the committee and a majority of the members of the Senate

2-6 appointed to the committee; and be it further

2-7 Resolved, That the Legislative Commission submit a report of the

2-8 results of the study and any recommended legislation to the 71st session of

2-9 the Nevada Legislature.