This bill establishes the Nebraska Council on Economic Education Cash Fund, which will be funded by transfers from the State Settlement Cash Fund. The fund is intended to support the Board of Regents of the University of Nebraska in covering expenses related to the Nebraska Council on Economic Education. The bill specifies that the Legislature intends to appropriate $300,000 from this new fund for the fiscal years 2025-26 and 2026-27. Additionally, it mandates a transfer of $600,000 from the State Settlement Cash Fund to the Nebraska Council on Economic Education Cash Fund by July 1, 2025.

The bill also amends section 59-1608.04 of the Revised Statutes Cumulative Supplement, 2024, which outlines the management and purpose of the State Settlement Cash Fund. It includes provisions for the fund's administration by the Attorney General and allows for various transfers to other funds. The original section 59-1608.04 is repealed, and the bill is declared to take effect immediately upon passage due to the existence of an emergency.

Statutes affected:
Introduced: 59-1608.04