State Codes and Statutes

Statutes > Nebraska > Chapter48 > 48-622_02

48-622.02. Nebraska Training and Support TrustFund; created; investment; use; Administrative Costs Reserve Account; created;use.(1) There is hereby created in the state treasury aspecial fund to be known as the Nebraska Training and Support Trust Fund.Any money in the fund available for investment shall be invested by the stateinvestment officer pursuant to the Nebraska Capital Expansion Act and theNebraska State Funds Investment Act. All money deposited or paid into thefund is hereby appropriated and made available to the commissioner. No expendituresshall be made from the fund without the written authorization of the Governorupon the recommendation of the commissioner. Any interest earned on moneyin the State Unemployment Insurance Trust Fund shall be credited to the NebraskaTraining and Support Trust Fund.(2) Money in the Nebraska Training and Support Trust Fund shall be usedfor (a) administrative costs of establishing, assessing, collecting, and maintainingstate unemployment insurance tax liability and payments, (b) administrativecosts of creating, maintaining, and dissolving the State Unemployment InsuranceTrust Fund and the Nebraska Training and Support Trust Fund, (c) support ofpublic and private job training programs designed to train, retrain, or upgradework skills of existing Nebraska workers, (d)recruitment of workers to Nebraska, (e) training new employees of expandingNebraska businesses, (f) the costs of creating a common web portal for theattraction of businesses and workers to Nebraska, and (g) payment of unemployment insurance benefitsif solvency of the state's account in the Unemployment Trust Fund and of theState Unemployment Insurance Trust Fund so require.(3) There is hereby created within the Nebraska Training and SupportTrust Fund a separate account to be known as the Administrative Costs ReserveAccount. Money shall be allocated from the Nebraska Training and Support TrustFund to the Administrative Costs Reserve Account in amounts sufficient topay the anticipated administrative costs identified in subdivisions (2)(a) through (g) of this section. The administrativecosts determined to be applicable to creation and operation of the State UnemploymentInsurance Trust Fund and the Nebraska Training and Support Trust Fund shallbe paid out of the Administrative Costs Reserve Account. SourceLaws 1994, LB 1337, § 5; Laws 1995, LB 7, § 49; Laws 2009, LB631, § 3. Cross ReferencesNebraska Capital Expansion Act, see section 72-1269.Nebraska State Funds Investment Act, see section 72-1260.