Nebraska § 8-604 Financial Institution Assessment Cash Fund; created; use; investment

Nebraska Statutes

§ 8-604 — Financial Institution Assessment Cash Fund; created; use; investment

Nebraska·Ch. 8 Banks and Banking

(1)The Financial Institution Assessment Cash Fund is hereby created. The fund shall be used solely for the purposes of administering and enforcing the laws specified in section 8-601 , except that transfers may be made from the fund to the General Fund at the direction of the Legislature.

(2)Any money in the Financial Institution Assessment 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.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) The Financial Institution Assessment Cash Fund is hereby created. The fund shall be used solely for the purposes of administering and enforcing the laws specified in section 8-601 , except that transfers may be made from the fund to the General Fund at the direction of the Legislature.
(2) Any money in the Financial Institution Assessment 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 § 8-604 (Financial Institution Assessment Cash Fund; created; use; investment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: Laws 2007, LB124, § 11; Laws 2024, First Spec. Sess., LB3, § 2; Laws 2025, LB264, § 121. Operative Date: May 22, 2025 Cross References: Nebraska Capital Expansion Act, see section 72-1269. Nebraska State Funds Investment Act, see section 72-1260.