2014 Nebraska Revised Statutes
Chapter 71 - PUBLIC HEALTH AND WELFARE
71-7611 - Nebraska Health Care Cash Fund; created; use; investment; report.

71-7611. Nebraska Health Care Cash Fund; created; use; investment; report.

(1) The Nebraska Health Care Cash Fund is created. The State Treasurer shall transfer (a) fifty-six million one hundred thousand dollars no later than July 15, 2009, (b) fifty-nine million one hundred thousand dollars on or before July 15, 2010, July 15, 2011, July 15, 2012, and July 15, 2013, and (c) sixty million one hundred thousand dollars on or before July 15, 2014, and on or before every July 15 thereafter from the Nebraska Medicaid Intergovernmental Trust Fund and the Nebraska Tobacco Settlement Trust Fund to the Nebraska Health Care Cash Fund, except that such amount shall be reduced by the amount of the unobligated balance in the Nebraska Health Care Cash Fund at the time the transfer is made. The state investment officer upon consultation with the Nebraska Investment Council shall advise the State Treasurer on the amounts to be transferred from the Nebraska Medicaid Intergovernmental Trust Fund and from the Nebraska Tobacco Settlement Trust Fund under this section in order to sustain such transfers in perpetuity. The state investment officer shall report electronically to the Legislature on or before October 1 of every even-numbered year on the sustainability of such transfers. Except as otherwise provided by law, no more than the amount specified in this subsection may be appropriated or transferred from the Nebraska Health Care Cash Fund in any fiscal year.

It is the intent of the Legislature that no additional programs are funded through the Nebraska Health Care Cash Fund until funding for all programs with an appropriation from the fund during FY2012-13 are restored to their FY2012-13 levels.

(2) Any money in the Nebraska Health Care Cash 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.

(3) The University of Nebraska and postsecondary educational institutions having colleges of medicine in Nebraska and their affiliated research hospitals in Nebraska, as a condition of receiving any funds appropriated or transferred from the Nebraska Health Care Cash Fund, shall not discriminate against any person on the basis of sexual orientation.

Source

Laws 1998, LB 1070, § 7;
Laws 2000, LB 1427, § 9;
Laws 2001, LB 692, § 18;
Laws 2003, LB 412, § 8;
Laws 2004, LB 1091, § 7;
Laws 2005, LB 426, § 12;
Laws 2007, LB322, § 19;
Laws 2007, LB482, § 6;
Laws 2008, LB480, § 2;
Laws 2008, LB830, § 9;
Laws 2008, LB961, § 5;
Laws 2009, LB27, § 7;
Laws 2009, LB316, § 19;
Laws 2012, LB782, § 125;
Laws 2012, LB969, § 9;
Laws 2013, LB199, § 29;
Laws 2014, LB906, § 18.
Effective Date: March 30, 2014

Cross References

Nebraska Capital Expansion Act, see section 72-1269.
Nebraska State Funds Investment Act, see section 72-1260.