Nebraska Statutes 39-2703. State Highway Capital Improvement Fund; created; use; investment
(1) The State Highway Capital Improvement Fund is created. The fund shall consist of money credited to the fund pursuant to subsection (4) of section 39-2215, proceeds of bonds issued pursuant to subsection (3) of section 39-2223, and any other money as determined by the Legislature.
Terms Used In Nebraska Statutes 39-2703
- Highway: means the entire width between the boundary limits of any street, road, avenue, boulevard, or way which is publicly maintained when any part thereof is open to the use of the public for purposes of vehicular travel. See Nebraska Statutes 39-101
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801
(2) The department may create or direct the creation of accounts within the fund as the department determines to be appropriate and useful in administering the fund.
(3) 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. Investment earnings from investment of money in the fund shall be credited to the fund.
Source
- Laws 2011, LB84, § 3;
- Laws 2023, LB727, § 43.
- Operative Date: June 7, 2023