2016 Nebraska Revised Statutes
Chapter 84 - STATE OFFICERS
84-612 Cash Reserve Fund; created; transfers; receipt of federal funds.

84-612. Cash Reserve Fund; created; transfers; receipt of federal funds.

(1) There is hereby created within the state treasury a fund known as the Cash Reserve Fund which shall be under the direction of the State Treasurer. The fund shall only be used pursuant to this section.

(2) The State Treasurer shall transfer funds from the Cash Reserve Fund to the General Fund upon certification by the Director of Administrative Services that the current cash balance in the General Fund is inadequate to meet current obligations. Such certification shall include the dollar amount to be transferred. Any transfers made pursuant to this subsection shall be reversed upon notification by the Director of Administrative Services that sufficient funds are available.

(3) In addition to receiving transfers from other funds, the Cash Reserve Fund shall receive federal funds received by the State of Nebraska for undesignated general government purposes, federal revenue sharing, or general fiscal relief of the state.

(4) The State Treasurer, at the direction of the budget administrator of the budget division of the Department of Administrative Services, shall transfer not to exceed forty-three million fifteen thousand four hundred fifty-nine dollars in total from the Cash Reserve Fund to the Nebraska Capital Construction Fund between July 1, 2013, and June 30, 2017.

(5) The State Treasurer shall transfer the following amounts from the Cash Reserve Fund to the Nebraska Capital Construction Fund on such dates as directed by the budget administrator of the budget division of the Department of Administrative Services:

(a) Seven million eight hundred four thousand two hundred ninety-two dollars on or after June 15, 2016, but before June 30, 2016;

(b) Seven million one hundred sixty thousand four hundred twelve dollars on or after June 15, 2019, but before June 30, 2019;

(c) Nine million four hundred ninety-two thousand five hundred sixty-eight dollars on or after June 15, 2021, but before June 30, 2021; and

(d) Three million seven hundred eighty-three thousand seven hundred thirty-four dollars after June 15, 2023, but before June 30, 2023.

(6) The State Treasurer shall transfer twenty-seven million two hundred seventy-five thousand five hundred fifty-eight dollars from the Cash Reserve Fund to the Nebraska Capital Construction Fund on or before June 30, 2016, on such date as directed by the budget administrator of the budget division of the Department of Administrative Services.

(7) The State Treasurer shall transfer thirteen million seven hundred thousand dollars from the Cash Reserve Fund to the Critical Infrastructure Facilities Cash Fund on or before June 30, 2016, on such date as directed by the budget administrator of the budget division of the Department of Administrative Services.

(8) The State Treasurer shall transfer fifty million dollars from the Cash Reserve Fund to the Transportation Infrastructure Bank Fund, on or after July 1, 2016, but before July 15, 2016, on such date as directed by the budget administrator of the budget division of the Department of Administrative Services for expenditures authorized by sections 39-2803 to 39-2807.

Source

• Laws 1983, LB 59, § 5;
• Laws 1985, LB 713, § 2;
• Laws 1985, LB 501, § 2;
• Laws 1986, LB 739, § 1;
• Laws 1986, LB 870, § 1;
• Laws 1987, LB 131, § 1;
• Laws 1988, LB 1091, § 4;
• Laws 1989, LB 310, § 1;
• Laws 1991, LB 857, § 1;
• Laws 1991, LB 783, § 33;
• Laws 1992, LB 1268, § 1;
• Laws 1993, LB 38, § 4;
• Laws 1994, LB 1045, § 1;
• Laws 1996, LB 1290, § 6;
• Laws 1997, LB 401, § 5;
• Laws 1998, LB 63, § 1;
• Laws 1998, LB 988, § 1;
• Laws 1998, LB 1104, § 30;
• Laws 1998, LB 1134, § 5;
• Laws 1998, LB 1219, § 23;
• Laws 1999, LB 881, § 9;
• Laws 2000, LB 1214, § 2;
• Laws 2001, LB 541, § 6;
• Laws 2002, LB 1310, § 20;
• Laws 2003, LB 790, § 74;
• Laws 2003, LB 798, § 1;
• Laws 2004, LB 1090, § 2;
• Laws 2005, LB 427, § 2;
• Laws 2006, LB 1131, § 1;
• Laws 2006, LB 1256, § 9;
• Laws 2007, LB323, § 3;
• Laws 2008, LB846, § 21;
• Laws 2008, LB1094, § 8;
• Laws 2008, LB1116, § 9;
• Laws 2008, LB1165, § 2;
• Laws 2009, LB456, § 3;
• Laws 2009, First Spec. Sess., LB2, § 7;
• Laws 2010, LB317, § 1;
• Laws 2011, LB379, § 2;
• Laws 2012, LB131, § 1;
• Laws 2013, LB200, § 1;
• Laws 2014, LB130, § 2;
• Laws 2014, LB1016, § 3;
• Laws 2015, LB662, § 1;
• Laws 2016, LB957, § 13;
• Laws 2016, LB960, § 31.
• Note: The Revisor of Statutes has pursuant to section 49-769 correlated LB957, section 13, with LB960, section 31, to reflect all amendments.
• Note: Changes made by LB957 became effective March 31, 2016. Changes made by LB960 became effective April 19, 2016.