41-1720. Parity compensation fund;
exemption
A. The parity compensation fund is established consisting of monies deposited
pursuant to section 28-5808 and monies appropriated by the legislature. The department
shall administer the fund and, considering state revenues and state employee pay
adjustments, shall spend monies from the fund for salaries and benefits for law
enforcement personnel.
B. On notice from the department, the state treasurer shall invest and divest
monies in the fund as provided by section 35-313, and monies earned from investment shall
be credited to the fund.
C. Fund monies:
1. Do not revert to the state general fund.
2. Are exempt from the provisions of section 35-190 relating to lapsing of
appropriations.
3. Are subject to legislative appropriation.
|