2006 Nebraska Revised Statutes - § 85-1920 — Nebraska Scholarship Fund; created; use; investment.
Section 85-1920Nebraska Scholarship Fund; created; use; investment.
The Nebraska Scholarship Fund is created. Money in the fund shall include amounts transferred from the State Lottery Operation Trust Fund pursuant to section 9-812. For fiscal years 2003-04 and 2004-05, two million dollars shall be used to carry out the Nebraska Scholarship Act, and the remainder accruing to the Nebraska Scholarship Fund shall be transferred to the General Fund. For fiscal year 2005-06, two million five hundred thousand dollars shall be used to carry out the Nebraska Scholarship Act, and the remainder accruing to the Nebraska Scholarship Fund shall be transferred to the General Fund. For fiscal year 2006-07 and each fiscal year thereafter, all amounts accruing to the Nebraska Scholarship Fund shall be used to carry out the Nebraska Scholarship Act. Any money in the 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 2003, LB 574, § 20
- 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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