Synopsis: On September 27, 2010, President Obama signed into law the Small Business Jobs Act of 2010 (the Act) to help increase credit availability for small businesses. The Act created the State Small Business Credit Initiative (SSBCI) and appropriated $1.5 billion to be used by the US Department of the Treasury to provide direct support to states for use in programs designed to increase access to credit for small businesses. Nevada's allocation was $13.8 million. Participating states use federal funds for programs that leverage lending to help finance small businesses and manufacturers that are creditworthy, but have not been able to access loans they need to expand operations and create jobs. In 2017, the US Treasury will transfer the program to state ownership. The program consists of three initiatives: 1. Credit Support Program - allows cash collateral up to 35% of a loan to a qualified business to be placed on account at the lending institution. This collateral may be drawn upon on a proportional risk basis in the event of default. 2. Battle Born Venture Fund - provides equity and equity-like funding to start-up and growing companies. Companies must have sales to qualify. 3. Micro-Enterprise Lending - provides loans with a required 1:1 match from private sources to very small businesses.

Synopsis: The primary mission of the Nevada Division of Tourism is to generate revenue for the State of Nevada through tourism activities that encourage overnight stays. Tourism accomplishes this through administering a strategic integrated marketing plan that consists of a robust research program measuring visitation and identifying salient consumer purchase behavior; public relations, public affairs and social media outreach; traditional and digital advertising and customer engagement programming including customer relationship management, fulfillment and call center operations; web and mobile application development; domestic and international sales, including a presence at key consumer and travel trade shows; and grants and educational programs and conferences designed to enhance business opportunities for Nevada's tourism industry. Statutory Authority: NRS 231.160 to NRS 231.360.

Synopsis: This budget account provides grant funds for the Tourism Development Grant Program, which was created to stimulate rural tourism infrastructure development that will support and attract visitors to the state. Funds go to local private and public organizations and are awarded on a competitive basis with local matches required. Typical projects include visitor centers, kiosks and improving rest stops.

Synopsis: The Nevada Governor's Office of Economic Development (GOED) works to diversify and strengthen the state's economy by: attracting companies to Nevada; assisting in the retention and expansion of existing Nevada companies; providing support to start-ups; and developing the workforce that will fill the jobs of Nevada's future. In addition, GOED partners with higher education to increase the research and development/commercialization opportunities for targeted Nevada industries, including: Aerospace & Defense; Health Care; Information Technology; Manufacturing & Logistics; Mining; Natural Resource Technologies; and Tourism & Gaming. The office works closely with local, regional, and statewide entities to achieve the goals that were first identified in the 2012 GOED State Plan for Excellence in Economic Development, which also includes expanding global exports and increasing foreign investment in Nevada. Statutory Authority: NRS 231.

Synopsis: The Nevada Film Office's mission is to: facilitate the diverse needs of film, television, entertainment, and multimedia productions that take place in Nevada; promote and increase the use of Nevada as a "filming location of choice" nationwide and around the world; raise Nevada's visibility as a prime resource for film, television, music, and other production industries; and serve the citizens of the state through advancing the growth and success of these industries in Nevada. Statutory Authority: NRS 231.

Synopsis: The Rural Community Development budget houses the state's Community Development Block Grant (CDBG) Program on behalf of small cities and rural counties in Nevada. The goal of the CDBG program is to build rural Nevada communities where current and future generations can choose to live healthy, productive, and prosperous lives. Through collaboration with various government agencies, businesses, and non-profit groups, the CDBG Program assists rural communities to remain economically viable by improving living conditions and providing economic opportunities through the administration of Nevada's share of the federal Community Development Block Grant, as well as provision of training and technical assistance. The CDBG Program helps provide communities with adequate infrastructure, suitable housing and living environments, and encourages sustainable community and economic development. Activities are focused primarily for the benefit of low-to-moderate income persons. Statutory Authority: NRS Chapter 231, 24 CFR Part 570, 24 CFR Part 91.

Synopsis: The Nevada Catalyst Fund is primarily designed to bolster efforts to attract new businesses to the state or assist with the substantial expansion of an existing business through transferable tax credits that are granted to a company with substantial capital investment and fast-paced plans to create high-paying jobs. To be eligible for Nevada Catalyst Funds, a project must demonstrate a significant return on the state's investment and strong local support. The review process will consider a variety of factors including job creation, wages and benefits, capital investment, financial strength of the applicant, applicant's business history, analysis of the relevant business sector, and public and private sector financial support. Statutory authority: NRS 231.1573 through NRS 231.1579.

Synopsis: Nevada Magazine is the Publications Division of the Department of Tourism and Cultural Affairs and is responsible for preparing and producing publications, such as Nevada Magazine, that educate the general public about Nevada and thereby foster awareness and appreciation of Nevada heritage, culture, historical monuments, natural wonders and natural resources. Statutory Authority: NRS 231.260 and NRS 231.290

Synopsis: The Workforce Innovations for the New Nevada (WINN) account was established as a result of the approval of Assembly Bill 1 of the 29th Special Session of the Nevada Legislature. The legislation requires the Governor's Office of Economic Development to develop and implement programs to provide customized workforce development services to companies that create and expand businesses in the state and/or relocate businesses to the state. The legislation was inspired by the need for customized workforce training in advanced manufacturing and related skills to serve the needs of emerging industries in the state. Statutory Authority: NRS 231.141 through NRS 231.152.

Synopsis: The Knowledge Fund was created through the passage of Assembly Bill 449 of the 2011 Legislative Session in conjunction with the restructuring of Nevada's economic development. The purpose of the Knowledge Fund is to spur research and the commercialization of this research in areas in which the state has targeted for economic growth. Commercialization in knowledge-based industries creates high-paying jobs and generates tax revenue in addition to strengthening research and development in Nevada's targeted industries. The fund is an investment in the state's economic future and provides grants of funds in five allowable areas, including: establishing technology outreach programs throughout the state; recruiting, hiring, and retaining research teams and faculty; research laboratories and related equipment; construction of research facilities; and matching funds for federal and private sector grants and contract opportunities. Statutory authority: NRS 231.1591 through NRS 231.1597.

Synopsis: The administrator for the State Public Works Division (SPWD) oversees and manages the legislatively approved Capital Improvement Program (CIP), and four operational budget accounts: Facility and Condition Analysis, which is responsible for inspecting and evaluating the short and long-term facilities maintenance needs for all state-owned buildings; Engineering and Planning, which manages the implementation of the approved CIP and conducts building code-related inspection functions for all state-owned buildings; Buildings and Grounds, which provides statewide maintenance and housekeeping services for most state-owned facilities in Carson City, Reno, and Las Vegas; and the Marlette Lake Water System, which provides a reliable water delivery system for Carson City and Storey Counties. Statutory Authority: NRS 338, 341, 393 and 444.

Synopsis: The State Public Works Division's (SPWD) Facility and Condition Analysis Unit is responsible for inspecting and evaluating the short and long-term facilities maintenance needs for all state-owned buildings. The Unit performs physical inspections of all state buildings to identify and quantify the potential short and long-term fiscal obligation and projected inventories of deferred maintenance. Staff attempts to inspect and evaluate every state building on a three-year cycle and works with state agencies to identify, evaluate, and document immediate facility condition issues and/or concerns. Staff generates Facilities Condition Analysis reports, estimate cost of repairs, make recommendations as to the priority and urgency of the facilities' maintenance needs and makes that information available to state agency directors, the Division Administrator, the Legislature, and the Budget Office. Statutory Authority: NRS 338, 341, 393 and 444.

Synopsis: The State Public Works Division Engineering and Planning Unit manages the implementation of the approved Capital Improvement Program (CIP), conducts the building code-related inspection functions for all state-owned buildings; provides engineering and maintenance planning services to the Buildings and Grounds unit; and supports the division Administrator and the State Public Works Board in developing the Governor's Recommended CIP. Statutory Authority: NRS 338, 341, 393 and 444.

Synopsis: The Department of Taxation is responsible for providing fair, efficient, and effective administration of the tax programs in accordance with applicable statutes, regulations and policies, and serves taxpayers, and state and local government entities. The department administers and collects taxes for distribution to the state General Fund, other state agencies and to local government entities. The department collects and distributes all sales and use taxes, the modified business tax, the estate tax, the net proceeds of mines tax, the commerce tax, and the property tax on interstate and inter-county companies. It also collects excise taxes and fees on liquor, cigarettes, other tobacco products, tires, short-term lessor, live entertainment, banks, lodging, insurance premiums, medical marijuana and distributes the real property transfer tax received from county recorder collections to the state general fund and local governments. In addition, the department is responsible for appraising property of an interstate or inter-county nature as well as mining property. It also establishes guidelines for county assessors, recorders, and treasurers; monitors appraisal and assessment performance through ratio studies and performance appraisals of county officials; and ensures statewide compliance with assessment standards established by the Tax Commission. The department reviews local government budgets and audits, prepares the ad valorem tax rates for certification, and advises local governments on budget act compliance and financial management matters. Additionally, the department provides annual population estimates for the state, its counties and incorporated cities. The department serves as staff to several State Boards and Commissions including the Nevada Tax Commission. The Nevada Tax Commission, as head of the department, adjudicates contested cases, adopts regulations and ensures the fair and equitable treatment of taxpayers across tax types. The department also serves as staff for the State Board of Equalization, which hears and determines property tax appeals and equalizes property tax values. In addition, the department serves as staff to the Committee on Local Government Finance, which provides financial accounting standards for local governments and oversight to financially troubled local government entities. The department also serves as staff to the Mining Oversight and Accountability Commission, which ensures various state agencies maintain compliance over environmental, mine safety and training, and taxation issues related to the mining industry; and to the Appraiser Certification Board, which ensures all property tax appraisers in the state are certified and maintain continuing education requirements. Statutory Authority: NRS 354, 360, 361, 361A, 361B, 362, 363A.120, 363A&B, 364.125, 364A, 368A, 369, 370, 370A, 372, 372A, 374, 374A, 375A&B, 376A, 377, 377A&B, 387.332, 444A.090, 482.313, 585.497, 680B.

Synopsis: This program provided relief to eligible senior citizens on their residential property taxes. Authority: Section 60 of Senate Bill 514 of the 2015 Legislative Session (one-time appropriation).