2013 Nebraska Revised Statutes
Chapter 79 - SCHOOLS
79-1012 - School District Reorganization Fund; created; use; investment.
79-1012. School 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 unencumbered money remaining in the School District Reorganization Fund on July 1, 2011, shall be transferred to the Education Innovation Fund on such date. Any money remaining in the School District Reorganization Fund on July 1, 2013, shall be transferred to the Education Innovation 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;
Laws 2007, LB603, § 4;
Laws 2009, LB545, § 13;
Laws 2011, LB333, § 10.
Cross References
- Nebraska Capital Expansion Act, see section 72-1269.
Nebraska State Funds Investment Act, see section 72-1260.
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