2006 Nebraska Revised Statutes - § 86-417.01 — Nebraska Public Safety Communication System Cash Fund; created; use; investment.

Section 86-417.01
Nebraska Public Safety Communication System Cash Fund; created; use; investment.

The Nebraska Public Safety Communication System Cash Fund is created. The fund shall be administered by the division. The fund shall consist of all revenue credited pursuant to law, including any fund transfers authorized by the Legislature. The fund shall only be used to pay centralized state infrastructure costs related to acquisition, maintenance, and replacement of state communication towers and necessary tower equipment, including lease financing of such costs, and costs related to the operation of the communication system established under the Nebraska Public Safety Communication System Act, but excluding radios and communication equipment costs billed by the division to participating state agencies. At the direction of the Legislature, any available unobligated balance in the fund may be transferred to participating state agencies to reduce the ongoing cost impact to the General Fund. Any money in the 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.

Cross References:

Nebraska Capital Expansion Act, see section 72-1269.

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

Source:

Laws 2006, LB 1061, § 15.

~Revised Statutes Cumulative Supplement, 2006