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 establishes new funds, such as the Biotechnology Development Cash Fund and the Nebraska Transformational Project Fund, while allowing for transfers from multiple funds to the General Fund at the Legislature's direction.

The bill also seeks to streamline state financial operations by repealing outdated programs and provisions, such as the Customized Job Training Act and the Small Business Assistance Act, and includes several deletions of previous funding transfer requirements. It introduces new provisions for managing funds, including the establishment of subaccounts within certain funds and the creation of the Economic Opportunity Program to finance transportation improvements. Furthermore, the bill emphasizes the importance of accountability and oversight in fund management, mandating annual reports and audits for various programs. Overall, the legislation aims to improve the efficiency of state fund management and ensure that resources are allocated effectively to support state operations and initiatives.

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