Assembly Bill 355, presented by Assemblymember Danielle Monroe Moreno, would amend Nevada law to specify that any money remaining in the Fund to Assist School Districts in Financing Capital Improvements (NRS 387.333) and the Fund to Assist Rural School Districts in Financing Capital Improvements (NRS 387.3341) does not revert to the general fund at the end of a fiscal year and must be carried forward.

The sponsor described AB 355 as a technical cleanup to codify current practice and to allow rural districts and tribal communities to retain balances across fiscal years for fundraising and matching toward capital projects. Will Adler (Duck Valley advocacy) and tribal leaders testified in support and proposed an amendment to broaden the ability to fundraise and allow tribal contributions to be matched in ways that would help complete school projects such as the Owyhee School on the Duck Valley Shoshone‑Paiute Reservation.

Supporters included the Nevada State Education Association, Duck Valley reservation representatives, the Shoshone‑Paiute Tribes, the Nevada Association of School Superintendents and other rural advocates. Testimony stressed that the change would encourage saving and matching to complete construction of rural and tribal schools, and supporters said the amendment under consideration would allow tribal funds to participate in matching accounts.

Assemblymember Monroe Moreno said the bill carries no fiscal impact as drafted and that even with the suggested amendment, there would be no fiscal impact. The committee took testimony but did not take a final vote at the hearing.