2006 Nebraska Revised Statutes - § 79-1012 — School District Reorganization Fund; created; use; investment.
Section 79-1012School District Reorganization Fund; created; use; investment.
The School District Reorganization Fund is created. The fund shall be administered by the department. The fund shall consist of money transferred from the Education Innovation Fund and shall be used to provide payments to reorganized school districts pursuant to section 79-1011. Any money remaining in the fund on July 1, 2008, shall be transferred to the General Fund on such date. Any money in the School District Reorganization 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 2004, LB 1091, § 10
- Nebraska Capital Expansion Act,see section 72-1269.
Nebraska State Funds Investment Act,see section 72-1260.
~Revised Statutes Cumulative Supplement, 2006
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