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AB160 would create Nevada–Ireland Trade Commission within GOED; GoED says fiscal impact withdrawn
Summary
AB160 establishes a Nevada–Ireland Trade Commission in the Governor's Office of Economic Development; GOED told the committee it removed a prior fiscal note after clarifying the bill does not require trade missions and allows private funding.
Assemblymembers Steve Yeager and O’Neil presented Assembly Bill 160, which would create a Nevada–Ireland Trade Commission within the Governor’s Office of Economic Development (GOED). The bill sets out duties for the commission but does not require trade missions; sponsors and GOED said private funding is expected to pay for most commission activities.
GOED representative Stephen Wood testified that, after further discussions with sponsors and a better understanding of the bill’s language, the agency believes the fiscal note can be withdrawn and the agency can absorb any minor costs. Wood said the bill allows the commission to accept gifts and grants and that other states have used private funding to support similar entities.
The Vegas Chamber testified in support, saying the potential economic upside outweighs any modest fiscal costs. The committee closed the hearing after GOED confirmed removal of the fiscal note; no opposition was recorded.
Provenance: Topic begins at s=5641.55 with the opening of AB160 and GOED testimony at s=5803.30.
