2006 Nebraska Revised Statutes - § 71-7611 — Nebraska Health Care Cash Fund; created; use; investment.

Section 71-7611
Nebraska Health Care Cash Fund; created; use; investment.

(1) The Nebraska Health Care Cash Fund is created. The State Treasurer shall transfer fifty-two million dollars annually no later than July 15 from the Nebraska Medicaid Intergovernmental Trust Fund and the Nebraska Tobacco Settlement Trust Fund to the Nebraska Health Care Cash Fund. The state investment officer upon consultation with the Nebraska Investment Council shall advise the State Treasurer on the amounts to be transferred from the Nebraska Medicaid Intergovernmental Trust Fund and from the Nebraska Tobacco Settlement Trust Fund under this section in order to sustain such transfers in perpetuity. The state investment officer shall report to the Legislature on or before October 1 of every even-numbered year on the sustainability of such transfers.

(2) Any money in the Nebraska Health Care 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.

(3) The State Treasurer shall transfer two million dollars from the Nebraska Health Care Cash Fund to the University of Nebraska Medical Center Designated Cash Fund within fifteen days after July 1, 2005.

(4) The State Treasurer shall transfer two million dollars from the Nebraska Health Care Cash Fund to the University of Nebraska Medical Center Designated Cash Fund within fifteen days after July 1, 2006.

(5) The State Treasurer shall transfer one million nine hundred thirty-nine thousand eight hundred sixty-three dollars from the Nebraska Health Care Cash Fund to the Nebraska Capital Construction Fund within five days after July 1, 2005.

(6) The State Treasurer shall transfer seven hundred thousand dollars from the Nebraska Health Care Cash Fund to the Nebraska Capital Construction Fund within five days after July 1, 2005.

(7) The University of Nebraska and postsecondary educational institutions having colleges of medicine in Nebraska and their affiliated research hospitals in Nebraska, as a condition of receiving any funds appropriated or transferred from the Nebraska Health Care Cash Fund, shall not discriminate against any person on the basis of sexual orientation.

Source:

Laws 1998, LB 1070, § 7

Laws 2000, LB 1427, § 9

Laws 2001, LB 692, § 18

Laws 2003, LB 412, § 8

Laws 2004, LB 1091, § 7

Laws 2005, LB 426, § 12

Cross References:

Nebraska Capital Expansion Act,see section 72-1269.

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

~Revised Statutes Supplement, 2006