summary
Introduced
01/22/2025
01/22/2025
In Committee
02/03/2025
02/03/2025
Crossed Over
Passed
Dead
06/02/2025
06/02/2025
Introduced Session
Potential new amendment
109th Legislature
Bill Summary
A BILL FOR AN ACT relating to research; to create a fund; and to declare an emergency.
AI Summary
This bill creates the Research Excellence Cash Fund, which will be administered by the University of Nebraska. The fund will be financed through gifts, grants, bequests, and legislative transfers, with the primary purpose of supporting research-based investments that are critical to Nebraska's economy. One specific example of such research is the Nebraska Mesonet system, which is likely a state-wide environmental monitoring network. Any funds not immediately used will be invested by the state investment officer in accordance with existing state investment acts. The bill includes an emergency clause, meaning it will take effect immediately upon passage and approval, allowing for quick implementation of the research fund.
Committee Categories
Agriculture and Natural Resources, Education
Sponsors (1)
Last Action
Indefinitely postponed (on 06/02/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=59649 |
| Natural Resources AM619 | https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM619.pdf |
| Analysis - Committee Statement | https://nebraskalegislature.gov/FloorDocs/109/PDF/CS/LB595.pdf |
| Fiscal Note for LB595 | https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB595_20250305-124336.pdf |
| Analysis - Statement of Intent | https://nebraskalegislature.gov/FloorDocs/109/PDF/SI/LB595.pdf |
| BillText | https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB595.pdf |
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