NAIOP Government Affairs Update
April 2016

As of 5:00 p.m. on Friday, March 18, the filing period for candidates for various state and local offices is now closed. This means that we have a good snapshot of who is in – and out – of which race. As in years past, NAIOP Southern Nevada will be focused on some of the local government races (only Clark County Commission has seats up in 2016), Assembly and State Senate races, as well as keeping an eye on congressional races.
With the campaign season comes calls for funds and invitations to fund-raisers. Every campaign cycle without fail, someone always asks, “What do we get for our contribution dollars,” or even more crudely put, “What does my contribution buy?” In short, and in reality, it “buys” nothing. If you think you are “buying” something with a couple hundred dollars or even more, keep your money in the bank. Read more

Emissions Reduction – New Program

The attached regulation (R054-15I – ERC) is proposing a new, voluntary program intended to assist in growth and economic development in areas designated nonattainment for a national ambient air quality standards (NAAQS). The program will provide offsets for a new major stationary source wishing to locate in a nonattainment area or for an existing facility to make a major modification. The proposed program provides for the creation, banking, transfer and use of Emission Reduction Credits (ERCs). In a nonattainment area, if a facility reduces emissions through an operational change, a reconfiguration or a shutdown, the program will allow the facility to request credit for the reductions and bank a reduced portion of the credit for future use or sale. The emission reductions used to generate an ERC must be surplus, permanent, quantifiable and federally enforceable. Read more