The resolution proposes an interim study to assess the management of public funds in Nebraska, focusing on how these funds are deposited, held, and invested, as well as their economic impacts on local communities. It highlights the critical role local financial institutions play in supporting small businesses, housing, agriculture, and community development. The study aims to investigate the potential negative consequences of shifting public funds away from these institutions, which could lead to reduced credit availability and weakened economic resilience, particularly in rural areas.

The study will encompass several key areas, including an inventory of current public fund investments, an examination of the regulatory frameworks governing these investments, and an analysis of the economic impacts of different investment strategies. Additionally, it will review the decision-making criteria used by public entities in selecting investment options and assess whether current practices align with Nebraska's economic development goals. The Banking, Commerce and Insurance Committee of the Legislature is tasked with conducting the study and will report its findings and recommendations to the Legislative Council or Legislature upon completion.