Bill > LB460

This bill creates the Nebraska Council on Economic Education Cash Fund and provides for its initial funding and purpose. The new cash fund will be established within the University of Nebraska and will be used to support the Nebraska Council on Economic Education. The Legislature intends to appropriate $300,000 to the fund for each of the fiscal years 2025-26 and 2026-27, with the money to be used for expenses related to the council's operations. To fund the new cash fund, the bill directs the State Treasurer to transfer $600,000 from the State Settlement Cash Fund to the new Nebraska Council on Economic Education Cash Fund by July 1, 2025. The funds will be administered by the Board of Regents of the University of Nebraska and any available money in the fund can be invested by the state investment officer according to existing state investment acts. The bill includes an emergency clause, meaning it will take effect immediately upon passage and approval, and it formally amends and then repeals a previous section of the Revised Statutes to incorporate these new provisions.

Budget and Finance

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=59333