2015 Nebraska Revised Statutes
Chapter 66 - OILS, FUELS, AND ENERGY
66-204 Clean-burning Motor Fuel Development Fund; created; use; investment.
66-204. Clean-burning Motor Fuel Development Fund; created; use; investment.
(1) The Clean-burning Motor Fuel Development Fund is created. The fund shall consist of grants, private contributions, and all other sources.
(2) The fund shall be used by the State Energy Office to provide rebates under the Nebraska Clean-burning Motor Fuel Development Act up to the amount transferred under subsection (3) of this section. No more than thirty-five percent of the fund annually shall be used as rebates for flex-fuel dispensers and conversions of motor vehicles to allow the use of gasoline containing at least fifteen percent by volume ethanol.
(3) Within five days after August 30, 2015, the State Treasurer shall transfer five hundred thousand dollars from the General Fund to the Clean-burning Motor Fuel Development Fund to carry out the Nebraska Clean-burning Motor Fuel Development Act.
(4) 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 2015, LB581, ยง 4.
- Effective Date: August 30, 2015
Cross References
- Nebraska Capital Expansion Act, see section 72-1269.
- Nebraska State Funds Investment Act, see section 72-1260.
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