State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter77 > 77-3_111

77-3,111. MiscellaneousServices Revolving Fund; created; administration; investment.There is hereby created a fund to be known as the MiscellaneousServices Revolving Fund to which shall be credited all money received by theDepartment of Revenue for services performed and billed to other agenciesor persons. All reimbursements to the department for such services shall becredited to the fund and expenditures therefrom shall be made only when suchfunds are available. The Department of Revenue shall only bill for the actualamount expended in performing such services.Any money in the fund shall be administered by the Departmentof Revenue, and any money in the fund available for investment shall be investedby the state investment officer pursuant to the Nebraska Capital ExpansionAct and the Nebraska State Funds Investment Act.The entireamount in the Miscellaneous Services Revolving Fund shall lapse to the GeneralFund on December 15, 2009. SourceLaws 1987, LB 523, § 44; Laws 1995, LB 7, § 86; Laws 2009, First Spec. Sess., LB2, § 4.Effective Date: November 21, 2009 Cross ReferencesNebraska Capital Expansion Act, see section 72-1269.Nebraska State Funds Investment Act, see section 72-1260.