Nebraska § 60-1505 Vehicle Title and Registration System Replacement and Maintenance Cash Fund; created; use; investment

Nebraska Statutes

§ 60-1505 — Vehicle Title and Registration System Replacement and Maintenance Cash Fund; created; use; investment

Nebraska·Ch. 60 Motor Vehicles

The Vehicle Title and Registration System Replacement and Maintenance Cash Fund is hereby created. The fund shall be administered by the Department of Motor Vehicles. Revenue credited to the fund shall include fees collected by the department from participation in any multistate electronic data security program, except as otherwise specifically provided by law, and funds transferred as provided in section  60-3,186 . The fund shall be used by the department to pay for costs associated with the acquisition, implementation, maintenance, support, upgrades, and replacement of the Vehicle Title and Registration System. Transfers may be made from the fund to the General Fund at the direction of the Legislature. Any money in the Vehicle Title and Registration System Replacement and Maintenance Ca

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The Vehicle Title and Registration System Replacement and Maintenance Cash Fund is hereby created. The fund shall be administered by the Department of Motor Vehicles. Revenue credited to the fund shall include fees collected by the department from participation in any multistate electronic data security program, except as otherwise specifically provided by law, and funds transferred as provided in section 60-3,186 . The fund shall be used by the department to pay for costs associated with the acquisition, implementation, maintenance, support, upgrades, and replacement of the Vehicle Title and Registration System. Transfers may be made from the fund to the General Fund at the direction of the Legislature. Any money in the Vehicle Title and Registration System Replacement and Maintenance Cash Fund available for investment shall be invested by the state investment officer pursuant to the Nebraska Capital Expansion Act and the Nebraska State Funds Investment Act. Beginning October 1, 2024, any investment earnings from investment of money in the fund shall be credited to the General Fund.

Nebraska § 60-1505 (Vehicle Title and Registration System Replacement and Maintenance Cash Fund; created; use; investment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: Laws 2014, LB906, § 2; Laws 2016, LB977, § 28; Laws 2017, LB263, § 75; Laws 2024, First Spec. Sess., LB3, § 19; Laws 2025, LB264, § 140. Operative Date: May 22, 2025 Cross References: Nebraska Capital Expansion Act, see section 72-1269. Nebraska State Funds Investment Act, see section 72-1260.