Neb. Rev. Stat. § 60-1505

Current with changes through the 2024 First Special Legislative Session
Section 60-1505 - Vehicle Title and Registration System Replacement and Maintenance Cash Fund; created; use; investment

The Vehicle Title and Registration System Replacement and Maintenance Cash Fund is hereby created. The fund shall be administered by the Department of Motor Vehicles. Revenue credited to the fund shall include fees collected by the department from participation in any multistate electronic data security program, except as otherwise specifically provided by law, and funds transferred as provided in section 60-3,186. The fund shall be used by the department to pay for costs associated with the acquisition, implementation, maintenance, support, upgrades, and replacement of the Vehicle Title and Registration System. 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. Beginning October 1, 2024, any investment earnings from investment of money in the fund shall be credited to the General Fund.

Neb. Rev. Stat. § 60-1505

Laws 2014, LB 906, § 2; Laws 2016, LB 977, § 28; Laws 2017, LB 263, § 75.
Amended by Laws 2024SP1, LB 3,§ 19, eff. 8/21/2024.
Amended by Laws 2017, LB 263,§ 75, eff. 8/24/2017, op. 8/24/2017.
Amended by Laws 2016, LB 977,§ 28, eff. 7/1/2016.
Added by Laws 2014, LB 906,§ 2, eff. 3/30/2014.