2006 Nebraska Revised Statutes - § 85-1801 — Legislative findings.

Section 85-1801
Legislative findings.

The Legislature finds that the general welfare and well-being of the state are directly related to educational levels and skills of the citizens of the state and that a vital and valid public purpose is served by the creation and implementation of programs which encourage and make possible the attainment of higher education by the greatest number of citizens of the state. The state has limited resources to provide additional programs for higher education funding and the continued operation and maintenance of the state's public institutions of higher education, and the general welfare of the citizens of the state will be enhanced by establishing a program which allows parents and others interested in the higher education of our youth to invest money in a public trust for future application to the payment of higher education costs. The creation of the means of encouragement for persons to invest in such a program represents the carrying out of a vital and valid public purpose. In order to make available to parents and others interested in the higher education of our youth an opportunity to fund future higher education needs, it is necessary that a public trust be established in which money may be invested for future educational use. It is also necessary to establish an endowment fund which may not be funded with public funds but may receive gifts, grants, and donations from private parties, which will be made available to participants in the trust to enhance their savings invested for the payment of future higher education costs.

Source:

Laws 2000, LB 1003, § 1

~Revised Statutes Cumulative Supplement, 2006