2006 Nebraska Revised Statutes - § 74-1508 — Nebraska Transit and Rail Advisory Council Cash Fund; created; use; investment.

Section 74-1508
Nebraska Transit and Rail Advisory Council Cash Fund; created; use; investment.

(1) The Nebraska Transit and Rail Advisory Council Cash Fund is created. The fund shall be used by the council to carry out its responsibilities under the Nebraska Transit and Rail Advisory Council Act. The fund may be used to defray the expenses of the council.

(2) The State Treasurer shall credit to the fund any money (a) appropriated to the fund by the Legislature, (b) donated as gifts, bequests, grants, or other contributions to the fund from public or private sources, and (c) received pursuant to the act. Money made available by any department or agency of the United States may also be credited to the fund if so directed by the Director-State Engineer or may be credited to the Nebraska Transit and Rail Advisory Council Revolving Fund pursuant to the act. Any money in the Nebraska Transit and Rail Advisory Council Cash Fund available for investment shall be invested by the state investment officer pursuant to the Nebraska Capital Expansion Act and the Nebraska State Funds Investment Act.

Source:

Laws 1999, LB 829, § 8

Termination date June 30, 2005

Cross References:

Nebraska Capital Expansion Act,see section 72-1269.

Nebraska State Funds Investment Act,see section 72-1260.

~Reissue Revised Statutes of Nebraska