2017 Nebraska Revised Statutes
Chapter 13 - CITIES, COUNTIES, AND OTHER POLITICAL SUBDIVISIONS
13-2704 Civic and Community Center Financing Fund; created; use; investment.
13-2704. Civic and Community Center Financing Fund; created; use; investment.
(1) The Civic and Community Center Financing Fund is created. The fund shall be administered by the department. 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. Transfers may be made from the fund to the General Fund, the Department of Revenue Enforcement Fund, and the State Colleges Sport Facilities Cash Fund at the direction of the Legislature.
(2)(a) The department shall use the Civic and Community Center Financing Fund for the following purposes:
(i) For grants of assistance as described in section 13-2704.01;
(ii) For grants of assistance as described in section 13-2704.02; and
(iii) For reasonable and necessary costs of the department directly related to the administration of the fund, not to exceed the amount needed to employ a one-half full-time equivalent employee.
(b) The fund may not be used for programming, marketing, advertising, or facility-staffing activities.
(3) The State Treasurer shall transfer two hundred fifty thousand dollars from the Civic and Community Center Financing Fund to the State Colleges Sport Facilities Cash Fund on October 1 of 2012, 2013, and 2014. Commencing October 1, 2015, and every year thereafter, the State Treasurer shall transfer three hundred thousand dollars from the Civic and Community Center Financing Fund to the State Colleges Sport Facilities Cash Fund.
Source
- Laws 1999, LB 382, § 16;
- Laws 2009, First Spec. Sess., LB3, § 8;
- Laws 2010, LB779, § 5;
- Laws 2011, LB297, § 5;
- Laws 2012, LB969, § 4;
- Laws 2013, LB153, § 4;
- Laws 2015, LB661, § 29.
Cross References
- Nebraska Capital Expansion Act, see section 72-1269.
- Nebraska State Funds Investment Act, see section 72-1260.
