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NE LB946

NE LB946
Change provisions relating to the Cash Reserve Fund


summary

Introduced
01/10/2018
In Committee
01/11/2018
Crossed Over
03/13/2018
Passed
03/21/2018
Dead
Signed/Enacted/Adopted
04/04/2018

Introduced Session

105th Legislature

Bill Summary

Change provisions relating to the Cash Reserve Fund

AI Summary

This bill amends Section 84-612 of the Revised Statutes to change the provisions relating to the Cash Reserve Fund, which is a state fund used to support the General Fund when needed. The key changes include: increasing the amount that can be transferred from the Cash Reserve Fund to the Nebraska Capital Construction Fund from $40.7 million to $78.7 million, and allowing for additional transfers from the Cash Reserve Fund to the General Fund totaling $100 million by June 30, 2018. The bill also includes an emergency clause, allowing it to take effect immediately upon passage.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Approved by Governor on April 04, 2018 (on 04/04/2018)

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