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 and the Customized Job Training Act, while streamlining existing laws by repealing obsolete provisions.
The bill also introduces new funds and modifies existing statutes related to economic development, education, and health services. It establishes the Biotechnology Development Cash Fund to support strategic planning for the bioscience economy and creates provisions for the Medicaid Managed Care Excess Profit Fund to address health needs. Furthermore, it allows for the establishment of subaccounts within certain funds for better financial tracking and management. Notably, the bill specifies that starting in 2026, any balance exceeding one million dollars from the Unclaimed Property Trust Fund will be transferred to the Capitol Restoration Cash Fund and the permanent school fund. Overall, the legislation aims to streamline the allocation of state resources, ensuring effective management and support for various initiatives while maintaining legislative oversight.
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