News In The Media Nevada News Bureau - Gov. Sandoval Signs Bill Aimed At Generating More Money For Schools By Investing In Economic Diversity
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Nevada News Bureau - Gov. Sandoval Signs Bill Aimed At Generating More Money For Schools By Investing In Economic Diversity
June 16, 2011
By: Sean Whaley
CARSON CITY – A bill allowing the state Treasurer to invest up to $50 million in education trust funds to support economic diversification efforts and generate more money for public schools was signed into law today by Gov. Brian Sandoval.
Concerns had been expressed about the legality of Senate Bill 75 after it had been amended in the Senate, but Treasurer Kate Marshall said today the final version of the measure restored the original language.
"The passage of SB75 is going to result in more money for K through 12, so that we can invest the way most western states invest," she said. "And also for the first time in the state's history we're going to have the ability to do private equity investments in Nevada; create jobs here."
Treasurer Kate Marshall says SB75 will both create jobs and generate more money for public schools.
Marshall said businesses have already contacted the state because of the passage of the bill, expressing an interest in finding out more about it with an eye to possibly relocating here. Read the full article here.
