State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter77 > 77-1342

77-1342. Departmentof Revenue Property Assessment Division Cash Fund; created; use; investment.There is hereby created a fund to be known as the Departmentof Revenue Property Assessment Division Cash Fund to which shall be creditedall money received by the Department of Revenue for services performed forcounty and multicounty assessment districts, for charges for publications,manuals, and lists, as an assessor's examination fee authorized by section 77-421, and under the provisions of sections 60-3,202, 77-684, 77-1250, and 77-1340. The fund shall be used to carry out any duties and responsibilitiesof the department, except thattransfers may be made from the fund to the General Fund at the direction ofthe Legislature. The county or multicounty assessment districtshall be billed by the department for services rendered. Reimbursements tothe department shall be credited to the Department of Revenue Property AssessmentDivision Cash Fund, and expenditures therefrom shall be made onlywhen such funds are available. The department shall only bill for the actualamount expended in performing the service.The fund shall not, at the close of each year, be lapsedto the General Fund. Any money in the Department of Revenue Property AssessmentDivision Cash Fund available for investment shall be invested by the stateinvestment officer pursuant to the Nebraska Capital Expansion Act and theNebraska State Funds Investment Act. SourceLaws 1969, c. 622, § 18, p. 2519; Laws 1971, LB 158, § 1; Laws 1971, LB 53, § 8; Laws 1973, LB 132, § 4; Laws 1985, LB 273, § 38; Laws 1989, Spec. Sess., LB 7, § 8; Laws 1992, LB 1063, § 123; Laws 1992, Second Spec. Sess., LB 1, § 96; Laws 1994, LB 1066, § 82; Laws 1995, LB 490, § 134; Laws 1997, LB 270, § 75; Laws 1997, LB 271, § 50; Laws 1999, LB 36, § 32; Laws 2001, LB 170, § 8; Laws 2002, LB 1310, § 9; Laws 2003, LB 563, § 42; Laws 2005, LB 274, § 272; Laws 2007, LB334, § 72; Laws 2009, LB121, § 7; Laws 2009, First Spec. Sess., LB3, § 55.Effective Date: November 21, 2009 Cross ReferencesNebraska Capital Expansion Act, see section 72-1269.Nebraska State Funds Investment Act, see section 72-1260.