2006 Nebraska Revised Statutes - § 85-1803 — Funding.
Section 85-1803Funding.
The Nebraska educational savings plan trust shall be operated with no General Fund appropriations. Money from the trust transferred from the program fund or endowment fund to the administrative fund in an amount authorized by an appropriation from the Legislature shall be utilized to pay for the costs of administering, operating, and maintaining the trust, to the extent permitted by section 529 of the Internal Revenue Code. The administrative fund shall not be credited with any money other than money transferred from the program fund or endowment fund in an amount authorized by an appropriation by the Legislature or any interest income earned on the balances held in the administrative fund.
Source:
- Laws 2000, LB 1003, § 3
Laws 2003, LB 574, § 27
~Revised Statutes Cumulative Supplement, 2006
Disclaimer: These codes may not be the most recent version. Nebraska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
