LB345 LB345
2021 2021
LEGISLATURE OF NEBRASKA
ONE HUNDRED SEVENTH LEGISLATURE
FIRST SESSION
LEGISLATIVE BILL 345
Introduced by Friesen, 34.
Read first time January 13, 2021
Committee:
1 A BILL FOR AN ACT relating to political subdivisions; to amend section
2 13-520, Revised Statutes Cumulative Supplement, 2020; to provide an
3 exception to certain budget limitations; and to repeal the original
4 section.
5 Be it enacted by the people of the State of Nebraska,
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LB345 LB345
2021 2021
1 Section 1. Section 13-520, Revised Statutes Cumulative Supplement,
2 2020, is amended to read:
3 13-520 The limitations in section 13-519 shall not apply to (1)
4 restricted funds budgeted for capital improvements, (2) restricted funds
5 expended from a qualified sinking fund for acquisition or replacement of
6 tangible personal property with a useful life of five years or more, (3)
7 restricted funds pledged to retire bonds as defined in subdivision (1) of
8 section 10-134 and approved according to law, (4) restricted funds
9 pledged to retire debt associated with direct borrowing as provided by
10 section 18-201 and approved according to law, (5) restricted funds used
11 by a public airport to retire interest-free loans from the Division of
12 Aeronautics of the Department of Transportation in lieu of bonded
13 indebtedness at a lower cost to the public airport, (6) (5) restricted
14 funds budgeted in support of a service which is the subject of an
15 agreement or a modification of an existing agreement whether operated by
16 one of the parties to the agreement or by an independent joint entity or
17 joint public agency, (7) (6) restricted funds budgeted to pay for repairs
18 to infrastructure damaged by a natural disaster which is declared a
19 disaster emergency pursuant to the Emergency Management Act, (8) (7)
20 restricted funds budgeted to pay for judgments, except judgments or
21 orders from the Commission of Industrial Relations, obtained against a
22 governmental unit which require or obligate a governmental unit to pay
23 such judgment, to the extent such judgment is not paid by liability
24 insurance coverage of a governmental unit, or (9) (8) the dollar amount
25 by which restricted funds budgeted by a natural resources district to
26 administer and implement ground water management activities and
27 integrated management activities under the Nebraska Ground Water
28 Management and Protection Act exceed its restricted funds budgeted to
29 administer and implement ground water management activities and
30 integrated management activities for FY2003-04.
31 Sec. 2. Original section 13-520, Revised Statutes Cumulative
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LB345 LB345
2021 2021
1 Supplement, 2020, is repealed.
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