Nebraska Rural Projects Fund; created; use; investment.

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81-12,218. Nebraska Rural Projects Fund; created; use; investment.

(1) The Nebraska Rural Projects Fund is hereby created. The fund shall receive money from application fees paid under the Nebraska Rural Projects Act and from appropriations from the Legislature, grants, private contributions, repayments of matching funds, and all other sources. 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.

(2) Distributions of matching funds shall only be made from the fund in amounts determined pursuant to subsection (1) of section 81-12,211.

Source

  • Laws 2021, LB40, § 24.
  • Effective Date: August 28, 2021

Cross References

  • Nebraska Capital Expansion Act, see section 72-1269.
  • Nebraska State Funds Investment Act, see section 72-1260.


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