Nebraska § 72-1001 Nebraska Capital Construction Fund; created; use; investment

Nebraska Statutes

§ 72-1001 — Nebraska Capital Construction Fund; created; use; investment

Nebraska § 72-1001

Ch. 72Public Lands, Buildings, and Funds

This text of Nebraska § 72-1001 (Nebraska Capital Construction Fund; created; use; investment) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 72-1001 (2026).

Text

The Nebraska Capital Construction Fund is created. The fund shall consist of revenue and transfers credited to the fund as authorized by law. Money shall be appropriated from the fund to state agencies for making payments on projects as determined by the Legislature, including, but not limited to, purchases of land, structural improvements to land, acquisition of buildings, construction of buildings, including architectural and engineering costs, replacement of or major repairs to structural improvements to land or buildings, additions to existing structures, remodeling of buildings, and acquisition of equipment and furnishings of new or remodeled buildings. The fund shall be administered by the State Treasurer as a multiple-agency-use fund and appropriated to state agencies as determined 

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The Nebraska Capital Construction Fund is created. The fund shall consist of revenue and transfers credited to the fund as authorized by law. Money shall be appropriated from the fund to state agencies for making payments on projects as determined by the Legislature, including, but not limited to, purchases of land, structural improvements to land, acquisition of buildings, construction of buildings, including architectural and engineering costs, replacement of or major repairs to structural improvements to land or buildings, additions to existing structures, remodeling of buildings, and acquisition of equipment and furnishings of new or remodeled buildings. The fund shall be administered by the State Treasurer as a multiple-agency-use fund and appropriated to state agencies as determined by the Legislature. Transfers may be made from the fund to the Capitol Restoration Cash Fund at the direction of the Legislature. Any money in the Nebraska Capital Construction 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. Prior to July 1, 2025, any investment earnings from investment of money in the Nebraska Capital Construction Fund shall be credited to such fund, except that for fiscal years 2023-24 and 2024-25, any investment earnings from investment of money in the Nebraska Capital Construction Fund from transfers credited to such fund that are designated for the construction of a new state prison shall be credited as provided in section 84-622 . Beginning July 1, 2025, through June 30, 2027, any investment earnings from investment of money in the Nebraska Capital Construction Fund shall be credited to the General Fund. Beginning July 1, 2027, any investment earnings from investment of money in the Nebraska Capital Construction Fund shall be credited to the fund.

Legislative History

Source: Laws 2005, LB 426, § 1; Laws 2009, First Spec. Sess., LB2, § 3; Laws 2017, LB331, § 39; Laws 2023, LB531, § 28; Laws 2024, LB164, § 16; Laws 2025, LB264, § 155. Operative Date: May 22, 2025 Cross References: Nebraska Capital Expansion Act, see section 72-1269. Nebraska State Funds Investment Act, see section 72-1260.