Neb. Rev. Stat. § 81-12,224

Current with changes through the 2024 First Special Legislative Session
Section 81-12,224 - Shovel-Ready Capital Recovery and Investment Fund; created; use; investment

The Shovel-Ready Capital Recovery and Investment Fund is created. The fund shall consist of transfers authorized by the Legislature and any gifts, grants, or bequests from any source, including federal, state, public, and private sources. The fund shall be administered by the department and shall be used to make grants under the Shovel-Ready Capital Recovery and Investment Act. 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. § 81-12,224

Laws 2021, LB 566, § 6.
Amended by Laws 2024SP1, LB 3,§ 40, eff. 8/21/2024.
Laws 2021, LB 566,§ 5, eff 5/26/2021.