2022 Nebraska Revised Statutes
Chapter 81 - State Administrative Departments
81-12,244 - Appropriations and transfers of funds; legislative intent; use; restrictions.
81-12,244. Appropriations and transfers of funds; legislative intent; use; restrictions.
(1) It is the intent of the Legislature to appropriate two hundred fifty million dollars from federal funds for fiscal year 2022-23 to the Department of Economic Development to carry out the Economic Recovery Act. The federal funds described in this subsection are the funds allocated to the State of Nebraska from the federal Coronavirus State Fiscal Recovery Fund pursuant to the federal American Rescue Plan Act of 2021, 42 U.S.C. 802, as amended. The department may use not more than ten million dollars of such federal funds for the administration of the Economic Recovery Act.
(2) Of the intended appropriation described in subsection (1) of this section, eighty million dollars of such federal funds shall not be expended by the Department of Economic Development until the Economic Recovery and Incentives Division of the department has submitted a final copy of its coordinated plan to the Economic Recovery Special Committee of the Legislature pursuant to section 81-12,241.
(3) The State Treasurer shall transfer any interest earned after April 19, 2022, on federal funds allocated to the State of Nebraska from the federal Coronavirus State Fiscal Recovery Fund pursuant to the federal American Rescue Plan Act of 2021, 42 U.S.C. 802, as amended, to the Economic Recovery Contingency Fund on such dates and in such amounts as directed by the budget administrator of the budget division of the Department of Administrative Services.
(4) It is the intent of the Legislature that any unobligated amount as of July 1, 2024, of the federal funds allocated to the State of Nebraska from the federal Coronavirus State Fiscal Recovery Fund pursuant to the federal American Rescue Plan Act of 2021, 42 U.S.C. 802, as amended, be appropriated to the Department of Economic Development to carry out the Economic Recovery Act no later than August 1, 2024.
(5) It is the intent of the Legislature to appropriate ten million dollars from the General Fund to the Department of Economic Development for fiscal year 2022-23 to provide grants under the Economic Recovery Act.
(6) It is the intent of the Legislature to transfer ten million dollars from the General Fund to the Economic Recovery Contingency Fund for fiscal year 2023-24 and ten million dollars from the General Fund to the Economic Recovery Contingency Fund for fiscal year 2024-25 to provide grants under the Economic Recovery Act.
(7) The Department of Economic Development shall not use money from the General Fund to implement or administer the grants provided under the Economic Recovery Act.
Source
- Laws 2022, LB1024, ยง 7.
- Effective Date: April 19, 2022
