Bill > LB393

This bill eliminates numerous specific, time-limited transfer provisions from the Cash Reserve Fund that were previously mandated for various state funds and purposes between 2023 and 2026. The bill reduces the number of required transfers from 30 separate provisions to just 11, maintaining some key transfers while removing what are now considered obsolete or outdated financial transactions. The remaining transfer provisions include ongoing transfers to the Nebraska Public Safety Communication System Revolving Fund, the Health and Human Services Cash Fund, the General Fund, the Nebraska Capital Construction Fund, the Governor's Emergency Cash Fund, and a provision expressing legislative intent to potentially transfer $200 million to the General Fund in the 2026-2027 fiscal year, contingent on maintaining a specific Cash Reserve Fund balance. The bill essentially streamlines and simplifies the financial management of the Cash Reserve Fund by removing numerous specific transfer requirements that were likely tied to specific budget years or one-time funding needs, helping to reduce administrative complexity and update the state's financial statutes.

Budget and Finance

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=59642