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Bill > LB264

NE LB264

NE LB264
Provide, change, and eliminate transfers from the Cash Reserve Fund and various other funds and change, terminate, and eliminate various statutory programs

summary

Introduced
01/15/2025
In Committee
01/17/2025
Crossed Over
05/07/2025
Passed
05/15/2025
Dead
Signed/Enacted/Adopted
05/27/2025

Introduced Session

109th Legislature

Bill Summary

A BILL FOR AN ACT relating to government; to amend sections 2-1577, 37-351, 39-2803, 39-2807, 48-1,116, 48-3405, 50-501, 57-1411, 60-3,201, 71-7608, 72-2401, 76-3219, 77-2911, 77-4310.03, 79-810, 79-1064, 79-1119, 79-1142, 79-1145, 79-2510, 79-3501, 81-179, 81-302, 81-407, 81-8,239.02, 81-1210.04, 81-1211, 81-1213.02, 81-1213.05, 81-1216, 81-12,174, 81-12,176, 81-12,177, 81-12,178, 81-12,182, 81-12,183, 81-12,184, 81-12,185, 81-12,186, 81-12,187, 81-12,189, 81-12,191, 81-12,193, 81-12,224, 81-12,238, 81-12,243, 81-12,245, 81-1329, 81-1558, 81-15,174, 81-15,300, 81-2004.07, 81-2004.08, 82-139, 83-973, 84-612, 84-622, 85-1643, 85-1654, 85-2009, 86-324, and 86-1028, Reissue Revised Statutes of Nebraska, and sections 8-604, 9-1,101, 9-1107, 13-3315, 37-1017, 37-1804, 39-1390, 39-2806, 46-1,164, 55-901, 60-3,201.01, 60-1505, 60-1513, 61-218, 61-222, 61-305, 61-405, 66-2308, 68-996, 68-1010, 69-1317, 71-5328, 71-7611, 72-232.02, 72-820, 72-1001, 72-2211, 75-1101, 77-4025, and 77-6841, Revised Statutes Cumulative Supplement, 2024; to provide for, change, and eliminate provisions relating to investment earnings, transfers, and uses of funds; to change provisions relating to the Mayhew Cabin, the Ferguson House, expenses for special education programs and support services, and the Nebraska Transformational Projects Act; to provide for termination of the Economic Opportunity Program, the Biotechnology Development Cash Fund, and a pilot program regarding patients with complex health needs; to eliminate the Customized Job Training Act, the Small Business Assistance Act, and provisions relating to the Nebraska Nonprofit Security Grant Program Act and funds for broadband infrastructure projects; to eliminate obsolete provisions; to harmonize provisions; to provide operative dates; to repeal the original sections; to outright repeal sections 81-829.10, 81-1214, 81-1215, 81-1217, 81-1218, 81-1219, 81-12,232, 81-12,233, 81-12,234, 81-12,235, 81-12,236, 81-12,237, and 81-12,244, Reissue Revised Statutes of Nebraska; and to declare an emergency.

AI Summary

This bill provides, change, and eliminate transfers from the Cash Reserve Fund and various other funds and change, terminate, and eliminate various statutory programs. Here is a summary of the key provisions: This bill directs the State Treasurer to make numerous transfers between various state funds, primarily to the General Fund, over fiscal years 2025 through 2027. These transfers involve moving money from numerous specific funds such as the State Insurance Fund, Flexible Spending Fund, Resource Recovery Fund, State Recreation Road Fund, Youth Outdoor Education Innovation Fund, Military Installation Development and Support Fund, Economic Recovery Contingency Fund, Water Recreation Enhancement Fund, and many others. The total transfers range from a few thousand dollars to tens of millions of dollars for different funds. The transfers are to be made on dates and in amounts specified by the budget administrator of the Department of Administrative Services. The bill also makes several significant changes to state programs and funds, including: - Terminating the Economic Opportunity Program by January 31, 2026 - Terminating the Biotechnology Development Cash Fund on July 1, 2026 - Modifying the Nebraska Transformational Projects Act to extend application deadlines and adjust matching fund provisions - Changing investment earnings crediting for multiple funds, often redirecting earnings to the General Fund - Providing for transfers to other specific funds like the Education Future Fund and State Park Cash Revolving Fund - Eliminating or modifying several state programs and cash funds The bill has an emergency clause, meaning it takes effect immediately upon passage and approval. The transfers and changes are intended to manage state fund balances, provide financial flexibility, and potentially address budget needs across multiple fiscal years.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Provisions/portions of LB451 amended into LB264 by AM835 (on 06/06/2025)

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bill summary

Document Type Source Location
State Bill Page https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=59130
BillText https://nebraskalegislature.gov/FloorDocs/109/PDF/Slip/LB264.pdf
Cavanaugh, M. AM1468 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1468.pdf
BillText https://nebraskalegislature.gov/FloorDocs/109/PDF/Engrossed/LB264.pdf
BillText https://nebraskalegislature.gov/FloorDocs/109/PDF/Final/LB264.pdf
Enrollment and Review ST37 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/ST37.pdf
Fiscal Note for LB264 https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB264_20250513-162619.pdf
Clements FA222 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA222.pdf
Speaker Arch MO245 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/MO245.pdf
Cavanaugh, M. FA226 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA226.pdf
Cavanaugh, M. FA225 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA225.pdf
Cavanaugh, M. FA223 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA223.pdf
Raybould AM1433 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1433.pdf
Conrad AM1400 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1400.pdf
Cavanaugh, M. FA224 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA224.pdf
Conrad AM1399 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1399.pdf
Cavanaugh, J. FA213 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA213.pdf
Clements AM1428 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1428.pdf
Spivey FA202 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA202.pdf
McKinney AM1427 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1427.pdf
Sanders AM1403 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1403.pdf
Raybould AM1420 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1420.pdf
Holdcroft FA209 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA209.pdf
McKinney FA206 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA206.pdf
McKinney FA205 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA205.pdf
DeBoer AM1390 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1390.pdf
Spivey FA203 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA203.pdf
Conrad AM1401 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1401.pdf
Bosn AM1389 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1389.pdf
Hallstrom AM1402 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1402.pdf
Clements AM1396 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1396.pdf
Enrollment and Review ER77 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/ER77.pdf
Fiscal Note for LB264 https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB264_20250508-101036.pdf
Spivey FA186 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA186.pdf
Dungan AM1328 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1328.pdf
Speaker Arch MO231 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/MO231.pdf
Cavanaugh, J. AM1325 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1325.pdf
Conrad AM1330 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1330.pdf
Conrad AM1331 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1331.pdf
Conrad AM1327 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1327.pdf
McKinney AM1324 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1324.pdf
Dungan AM1332 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1332.pdf
Clements AM1322 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1322.pdf
Clements AM1300 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1300.pdf
Raybould AM1321 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1321.pdf
McKinney FA176 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA176.pdf
Hallstrom AM1294 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1294.pdf
McKinney FA175 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA175.pdf
McKinney FA174 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA174.pdf
McKinney FA173 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA173.pdf
Hallstrom AM1293 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1293.pdf
Hughes AM1298 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1298.pdf
Cavanaugh, M. AM1295 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1295.pdf
Raybould AM1245 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1245.pdf
Meyer AM1247 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM1247.pdf
Analysis - Committee Statement https://nebraskalegislature.gov/FloorDocs/109/PDF/CS/LB264.pdf
Clements FA159 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA159.pdf
Raybould FA160 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA160.pdf
Appropriations AM835 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM835.pdf
Fiscal Note for LB264 https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB264_20250214-121159.pdf
Analysis - Statement of Intent https://nebraskalegislature.gov/FloorDocs/109/PDF/SI/LB264.pdf
BillText https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB264.pdf
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