Nevada Code § 353.228

Economic Forum: Powers and duties; availability of projections, estimates and other information
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1. The Economic Forum impaneled pursuant
to NRS 353.226 shall:
(a) Make such projections for economic indicators
as it deems necessary to ensure that an accurate estimate is produced pursuant
to paragraph (b);
(b) Provide an accurate estimate of the revenue
that will be collected by the State for general, unrestricted uses, and not for
special purposes, during the biennium that begins on July 1 of the year
following the date on which the Economic Forum was empaneled;
(c) Request such technical assistance as the
Economic Forum deems necessary from the Technical Advisory Committee created by NRS 353.229 ;
(d) On or before November 15 of each
even-numbered year, prepare a written report of its projections of economic
indicators and estimate of future state revenue required by paragraphs (a) and
(b) and present the report to the Governor and the Legislature;
(e) On or before April 1 of each odd-numbered
year, prepare a written report confirming or revising the projections of
economic indicators and estimate of future state revenue contained in the
report prepared pursuant to paragraph (d) and present the report to the
Governor and the Legislature; and
(f) Except as otherwise provided in subsection 2,
on or before June 10 of each even-numbered year and December 10 of each odd-numbered
year, hold a meeting to consider current economic indicators, including,
without limitation, employment, unemployment, personal income and any other
indicators deemed appropriate by the Economic Forum. Based on current economic
indicators, the Economic Forum shall update the status of actual State General
Fund revenue compared to the most recent forecast of the Economic Forum. The
provisions of this paragraph are not intended to authorize the Economic Forum
to make additional forecasts pursuant to paragraph (b). At the next appropriate
meeting of the Interim Finance Committee, the Chair of the Economic Forum or a
member of the staff of the Economic Forum shall present to the Interim Finance
Committee such matters considered at the meeting of the Economic Forum held
pursuant to this paragraph, as the Economic Forum determines appropriate. Any
such information presented to the Interim Finance Committee must be made
available on the Internet website of the Legislature.
2. If the deadline for preparing a report
or holding a meeting as required in subsection 1 falls on a Saturday, Sunday or
legal holiday, the deadline is extended to the second business day following
the deadline.
3. The Economic Forum may make preliminary
projections of economic indicators and estimates of future state revenue at any
time. Any such projections and estimates must be made available to the various
agencies of the State through the Chief.
4. The Economic Forum may request
information directly from any state agency, including, without limitation, the
Nevada System of Higher Education. A state agency, including, without
limitation, the Nevada System of Higher Education, that receives a reasonable
request for information from the Economic Forum shall comply with the request
as soon as is reasonably practicable after receiving the request.
5. The Economic Forum may request direct
testimony from any state agency, including, without limitation, the Nevada
System of Higher Education, at a meeting of the Economic Forum or the Technical
Advisory Committee. The head, or a designee thereof, of a state agency,
including, without limitation, the Nevada System of Higher Education, who
receives a reasonable request for direct testimony at a meeting of the Economic
Forum or the Technical Advisory Committee shall appear at the meeting and shall
comply with the request.
6. To carry out its duties pursuant to
this section, the Economic Forum may consider any information received from the
Technical Advisory Committee and any other information received from
independent sources.
7. Copies of the projections and estimates
made pursuant to this section must be made available to the public by the
Director of the Legislative Counsel Bureau for the cost of reproducing the
material.

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