Nebraska Statutes 14-503. Fund balances; disposition
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The balances remaining in any of the funds created by sections 14-501 and 14-502 and against which lawful obligations have not been created shall at the expiration of each fiscal year or biennial period be transferred to the general sinking fund of the city by the department of finance.
Source
- Laws 1921, c. 116, art. IV, § 3, p. 470;
- C.S.1922, § 3626;
- C.S.1929, § 14-503;
- R.S.1943, § 14-503;
- Laws 2000, LB 1116, § 12;
- Laws 2022, LB800, § 154.
Terms Used In Nebraska Statutes 14-503
- 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.