This bill amends section 84-222 of the Revised Statutes Supplement, 2025, to change the administration of the Financial Fraud Victims' Reimbursement Fund from the Attorney General to the Nebraska State Patrol. The bill outlines the powers and duties of the Nebraska State Patrol in managing the fund, which is composed of assets forfeited from financial transaction offenses. It specifies that victims of such offenses can apply for reimbursement from the fund, with the Nebraska State Patrol responsible for determining eligibility and the extent of reimbursement.

Additionally, the bill establishes that if there are more applicants than available funds, the Nebraska State Patrol will distribute the funds on a pro rata basis according to the qualifying losses suffered by the applicants. The bill also stipulates that funds transferred into the Financial Fraud Victims' Reimbursement Fund will remain there for a period of thirty-six months or until all applications filed during that time are resolved, after which any remaining funds will be remitted to the State Treasurer for distribution as per the Nebraska Constitution. The original section 84-222 is repealed as part of this legislative change.

Statutes affected:
Introduced: 84-222