2006 Nebraska Revised Statutes - § 79-1104.05 — Early Childhood Education Endowment Fund; funding.
Section 79-1104.05Early Childhood Education Endowment Fund; funding.
(1) From the effective date of an endowment agreement until June 30, 2007, the Early Childhood Education Endowment Fund shall consist of forty million dollars of the Cash Reserve Fund. Such forty million dollars shall remain within the Cash Reserve Fund and remain a part thereof for all purposes, except that interest earned on that portion deemed to constitute the Early Childhood Education Endowment Fund shall accrue to the Early Childhood Education Endowment Cash Fund in accordance with section 84-613.
(2) On and after July 1, 2007, the Early Childhood Education Endowment Fund shall consist of any funds allocated to the Early Childhood Education Endowment Fund from funds belonging to the state for educational purposes described in Article VII, section 7, of the Constitution of Nebraska.
Source:
- Laws 2006, LB 1256, § 8.
~Revised Statutes Cumulative Supplement, 2006
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