Nebraska Statutes 14-501. Statutory funds; appropriation; limitation
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The city council of a city of the metropolitan class shall annually or biennially appropriate money and credits of the city in such amounts as may be deemed necessary and proper and set such money and credits aside to the following designated funds to be known as statutory funds: (1) For the fire department of the city, (2) for the police department of the city, (3) for the public library, and (4) for the purpose of paying judgments and costs. The amounts so appropriated and set aside to such funds respectively shall be the maximum amounts that may be appropriated to or expended from such funds within the fiscal year or biennial period for the purposes for which such funds respectively are created.
Source
- Laws 1921, c. 116, art. IV, § 1, p. 468;
- C.S.1922, § 3624;
- C.S.1929, § 14-501;
- R.S.1943, § 14-501;
- Laws 2000, LB 1116, § 10;
- Laws 2022, LB800, § 151.
Terms Used In Nebraska Statutes 14-501
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.