This bill amends section 84-612 of the Revised Statutes Supplement, 2025, concerning the Cash Reserve Fund in Nebraska. It aims to eliminate obsolete provisions and streamline the transfer processes of funds from the Cash Reserve Fund to various state funds. Notably, the bill removes a provision that mandated a transfer of ten million dollars to the School Safety and Security Fund and introduces new transfer amounts and timelines for other funds, including the Nebraska Public Safety Communication System Revolving Fund, the General Fund, and the Nebraska Capital Construction Fund.

The bill specifies a series of new transfers from the Cash Reserve Fund, including two million four hundred twenty-five thousand dollars to the Nebraska Public Safety Communication System Revolving Fund, four million dollars to the General Fund, and twenty-nine million four hundred fifty-eight thousand eight hundred dollars to the Nebraska Capital Construction Fund, among others. Additionally, it establishes the intent to transfer two hundred million dollars to the Transformational Project Fund starting in fiscal year 2027-28. The original section 84-612 is repealed, indicating a comprehensive update to the management of the Cash Reserve Fund.

Statutes affected:
Introduced: 84-612