This legislative bill, approved by the Governor on May 21, amends various sections of the Nebraska Revised Statutes to enhance financial management and facilitate fund transfers within the state government. Key provisions include the mandated transfer of significant amounts from various state funds to the General Fund and other designated funds, with specific amounts and timelines outlined for each transfer. For example, the bill requires the State Treasurer to transfer $8,250,000 from the State Insurance Fund and $1,000,000 from the Flexible Spending Fund Medical to the General Fund before June 30, 2025. Additionally, it proposes the termination of several programs, including the Economic Opportunity Program, while streamlining existing laws and repealing obsolete provisions to improve fiscal responsibility and transparency in the management of public resources.
The bill also introduces new funds and modifies existing ones, particularly focusing on economic development and water sustainability initiatives. It establishes the Nebraska Transformational Project Fund, which will receive substantial transfers over the next few years, and creates the Lead Service Line Cash Fund to support the removal of lead service lines. Furthermore, it amends the Nebraska Telecommunications Universal Service Fund to allow for the transfer of investment earnings to the General Fund until June 30, 2029. Overall, the bill aims to consolidate financial resources, enhance the management of state funds, and ensure effective allocation to support various programs and initiatives in Nebraska.
Statutes affected: Introduced: 8-604, 13-3315, 29-1823, 37-1804, 43-2607, 48-621, 48-3405, 50-501, 55-901, 57-1411, 60-1505, 60-1513, 61-218, 61-305, 61-405, 66-2308, 68-911, 68-996, 71-5328, 72-1001, 72-2401, 75-109.01, 75-1101, 76-3219, 77-2911, 77-4025, 77-4310.03, 77-6919, 77-6928, 77-7304, 79-810, 79-1021, 79-1064, 79-1104.02, 79-2510, 79-3501, 81-302, 81-407, 81-1210.04, 81-1211, 81-1213.02, 81-1216, 81-1230, 82-139, 84-612, 85-1643, 85-1654, 85-1920, 85-2009, 86-324, 86-333, 86-1028, 86-1403
Final Reading: 2-1577, 8-604, 9-1107, 13-3315, 37-351, 37-1017, 37-1804, 39-1390, 39-2803, 39-2806, 39-2807, 48-3405, 50-501, 55-901, 57-1411, 60-1505, 60-1513, 61-218, 61-222, 61-305, 61-405, 66-2308, 68-996, 68-1010, 69-1317, 71-5328, 71-7608, 71-7611, 72-232.02, 72-820, 72-1001, 72-2211, 72-2401, 75-1101, 76-3219, 77-2911, 77-4025, 77-4310.03, 77-6841, 79-810, 79-1064, 79-1119, 79-1142, 79-1145, 79-2510, 79-3501, 81-179, 81-302, 81-407, 81-1210.04, 81-1211, 81-1213.02, 81-1213.05, 81-1216, 81-1329, 81-1558, 81-2004.07, 81-2004.08, 82-139, 83-973, 84-612, 84-622, 85-1643, 85-1654, 85-2009, 86-324, 86-1028
Slip Law: 2-1577, 8-604, 9-1107, 13-3315, 37-351, 37-1017, 37-1804, 39-1390, 39-2803, 39-2806, 39-2807, 48-3405, 50-501, 55-901, 57-1411, 60-1505, 60-1513, 61-218, 61-222, 61-305, 61-405, 66-2308, 68-996, 68-1010, 69-1317, 71-5328, 71-7608, 71-7611, 72-232.02, 72-820, 72-1001, 72-2211, 72-2401, 75-1101, 76-3219, 77-2911, 77-4025, 77-4310.03, 77-6841, 79-810, 79-1064, 79-1119, 79-1142, 79-1145, 79-2510, 79-3501, 81-179, 81-302, 81-407, 81-1210.04, 81-1211, 81-1213.02, 81-1213.05, 81-1216, 81-1329, 81-1558, 81-2004.07, 81-2004.08, 82-139, 83-973, 84-612, 84-622, 85-1643, 85-1654, 85-2009, 86-324, 86-1028