Nebraska Statutes 81-12,218. Nebraska Rural Projects Fund; created; use; investment
Current as of: 2023 | Check for updates
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(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 transfers authorized by 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.
Terms Used In Nebraska Statutes 81-12,218
- Investment: means the amount paid by the applicant for the project. See Nebraska Statutes 81-12,201
- Matching funds: means the funds provided by the State of Nebraska pursuant to section 81-12,211. See Nebraska Statutes 81-12,202
- 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) Distributions of matching funds shall only be made from the fund in amounts determined pursuant to section 81-12,211.
Source
- Laws 2021, LB40, § 24;
- Laws 2022, LB1012, § 26;
- Laws 2023, LB531, § 41.
- Operative Date: June 7, 2023