2006 Nebraska Revised Statutes - § 72-202 — School funds; investments.

Section 72-202
School funds; investments.

The Board of Educational Lands and Funds shall notify the state investment officer of the funds derived from the sale of school lands. Any such funds and the interest therefrom shall be invested by the state investment officer pursuant to the Nebraska Capital Expansion Act and the Nebraska State Funds Investment Act. The state investment officer shall manage the funds as follows: (1) When necessary to pay a premium for bonds for such funds, the amount of the premium shall be amortized over the term of the bonds from the interest received on such bonds; and (2) when bonds for such funds are purchased at a discount, the amount of the discount shall be used to purchase additional bonds.

Source:

Laws 1899, c. 69, § 2, p. 301

Laws 1909, c. 129, § 1, p. 473

R.S.1913, § 5846

Laws 1917, c. 113, § 1, p. 285

C.S.1922, § 5182

C.S.1929, § 72-202

Laws 1931, c. 119, § 1, p. 349

Laws 1933, c. 141, § 1, p. 551

Laws 1937, c. 159, § 1, p. 622

C.S.Supp.,1941, § 72-202

R.S.1943, § 72-202

Laws 1951, c. 235, § 1, p. 840

Laws 1959, c. 263, § 11, p. 943

Laws 1969, c. 584, § 76, p. 2392

Laws 1971, LB 52, § 1

Laws 1983, LB 238, § 1

Laws 1995, LB 7, § 83

Laws 1999, LB 779, § 13

Cross References:

For other investment provisions,see sections 77-2204 and 77-2205.

Nebraska Capital Expansion Act,see section 72-1269.

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

Permanent Endowment Fund,see section 85-123.

State colleges,endowment fund, see section 85-317.

~Reissue Revised Statutes of Nebraska