13-2704 Local Civic, Cultural, and Convention Center Financing Fund; created; use; investment. - Nebraska Statutes

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13-2704. Local Civic,Cultural, and Convention Center Financing Fund; created; use; investment.(1) TheLocal Civic, Cultural, and Convention Center Financing Fund is created. Thefund shall be administered by the department. Transfers may be made from thefund to the General Fund at the direction of the Legislature. Any money inthe Local Civic, Cultural, and Convention Center Financing Fund availablefor investment shall be invested by the state investment officer pursuantto the Nebraska Capital Expansion Act and the Nebraska State Funds InvestmentAct. The fund may be used for assistance for the construction of new centersor the renovation or expansion of existing centers. The fund may not be usedfor planning, programming, marketing, advertising, and related activities. Transfers may be made from the fund tothe Department of Revenue Enforcement Fund at the direction of the Legislature.(2) On July 1, 2010,or as soon thereafter as is administratively possible the State Treasurershall transfer seventy-nine thousand three hundred dollars from the LocalCivic, Cultural, and Convention Center Financing Fund to the Department ofRevenue Enforcement Fund.(3)It is the intent of the Legislature that on July 1, 2011, or as soon thereafteras is administratively possible the State Treasurer shall transfer forty-twothousand nine hundred dollars from the Local Civic, Cultural, and ConventionCenter Financing Fund to the Department of Revenue Enforcement Fund. SourceLaws 1999, LB 382, § 16; Laws 2009, First Spec. Sess., LB3, § 8; Laws 2010, LB779, § 5.Operative Date: July 1, 2010 Cross ReferencesNebraska Capital Expansion Act, see section 72-1269.Nebraska State Funds Investment Act, see section 72-1260.

State Codes and Statutes

Statutes > Nebraska > Chapter13 > 13-2704

13-2704. Local Civic,Cultural, and Convention Center Financing Fund; created; use; investment.(1) TheLocal Civic, Cultural, and Convention Center Financing Fund is created. Thefund shall be administered by the department. Transfers may be made from thefund to the General Fund at the direction of the Legislature. Any money inthe Local Civic, Cultural, and Convention Center Financing Fund availablefor investment shall be invested by the state investment officer pursuantto the Nebraska Capital Expansion Act and the Nebraska State Funds InvestmentAct. The fund may be used for assistance for the construction of new centersor the renovation or expansion of existing centers. The fund may not be usedfor planning, programming, marketing, advertising, and related activities. Transfers may be made from the fund tothe Department of Revenue Enforcement Fund at the direction of the Legislature.(2) On July 1, 2010,or as soon thereafter as is administratively possible the State Treasurershall transfer seventy-nine thousand three hundred dollars from the LocalCivic, Cultural, and Convention Center Financing Fund to the Department ofRevenue Enforcement Fund.(3)It is the intent of the Legislature that on July 1, 2011, or as soon thereafteras is administratively possible the State Treasurer shall transfer forty-twothousand nine hundred dollars from the Local Civic, Cultural, and ConventionCenter Financing Fund to the Department of Revenue Enforcement Fund. SourceLaws 1999, LB 382, § 16; Laws 2009, First Spec. Sess., LB3, § 8; Laws 2010, LB779, § 5.Operative Date: July 1, 2010 Cross ReferencesNebraska Capital Expansion Act, see section 72-1269.Nebraska State Funds Investment Act, see section 72-1260.

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State Codes and Statutes

Statutes > Nebraska > Chapter13 > 13-2704

13-2704. Local Civic,Cultural, and Convention Center Financing Fund; created; use; investment.(1) TheLocal Civic, Cultural, and Convention Center Financing Fund is created. Thefund shall be administered by the department. Transfers may be made from thefund to the General Fund at the direction of the Legislature. Any money inthe Local Civic, Cultural, and Convention Center Financing Fund availablefor investment shall be invested by the state investment officer pursuantto the Nebraska Capital Expansion Act and the Nebraska State Funds InvestmentAct. The fund may be used for assistance for the construction of new centersor the renovation or expansion of existing centers. The fund may not be usedfor planning, programming, marketing, advertising, and related activities. Transfers may be made from the fund tothe Department of Revenue Enforcement Fund at the direction of the Legislature.(2) On July 1, 2010,or as soon thereafter as is administratively possible the State Treasurershall transfer seventy-nine thousand three hundred dollars from the LocalCivic, Cultural, and Convention Center Financing Fund to the Department ofRevenue Enforcement Fund.(3)It is the intent of the Legislature that on July 1, 2011, or as soon thereafteras is administratively possible the State Treasurer shall transfer forty-twothousand nine hundred dollars from the Local Civic, Cultural, and ConventionCenter Financing Fund to the Department of Revenue Enforcement Fund. SourceLaws 1999, LB 382, § 16; Laws 2009, First Spec. Sess., LB3, § 8; Laws 2010, LB779, § 5.Operative Date: July 1, 2010 Cross ReferencesNebraska Capital Expansion Act, see section 72-1269.Nebraska State Funds Investment Act, see section 72-1260.