2016 Nebraska Revised Statutes
Chapter 60 - MOTOR VEHICLES
60-1505 Vehicle Title and Registration System Replacement and Maintenance Cash Fund; created; use; investment.
60-1505. Vehicle Title and Registration System Replacement and Maintenance Cash Fund; created; use; investment.
The Vehicle Title and Registration System Replacement and Maintenance Cash Fund is hereby created. The fund shall be administered by the Department of Motor Vehicles. Revenue credited to the fund shall include fees collected by the department from participation in any multistate electronic data security program, except as otherwise specifically provided by law, and funds transferred as provided in section 60-3,186. The fund shall be used by the department to pay for costs associated with the acquisition, implementation, maintenance, support, upgrades, and replacement of the vehicle titling and registration computer system. 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.
Source
- Laws 2014, LB906, § 2;
- Laws 2016, LB977, § 28.
- Operative Date: July 1, 2016
Cross References
- Nebraska Capital Expansion Act, see section 72-1269.
- Nebraska State Funds Investment Act, see section 72-1260.
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