Nebraska § 81-1635 Nebraska Energy Settlement Fund; established; source of funds; investment

Nebraska Statutes

§ 81-1635 — Nebraska Energy Settlement Fund; established; source of funds; investment

Nebraska § 81-1635

Ch. 81State Administrative Departments

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Bluebook

Neb. Rev. Stat. § 81-1635 (2026).

Text

There is hereby established in the state treasury a fund, to be known as the Nebraska Energy Settlement Fund and referred to in sections  81-1635  to  81-1641  as the fund, to be administered by the Department of Water, Energy, and Environment as the representative of the Governor. The fund shall consist of (1) money received by the State of Nebraska after February 15, 1986, from awards or allocations to the State of Nebraska on behalf of consumers of petroleum products as a result of judgments or settlements for overcharges to consumers of petroleum products sold during the period of time in which federal price controls on such products were in effect and (2) any investment interest earned on the fund. The Department of Administrative Services may for accounting purposes create subfunds o

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There is hereby established in the state treasury a fund, to be known as the Nebraska Energy Settlement Fund and referred to in sections 81-1635 to 81-1641 as the fund, to be administered by the Department of Water, Energy, and Environment as the representative of the Governor. The fund shall consist of (1) money received by the State of Nebraska after February 15, 1986, from awards or allocations to the State of Nebraska on behalf of consumers of petroleum products as a result of judgments or settlements for overcharges to consumers of petroleum products sold during the period of time in which federal price controls on such products were in effect and (2) any investment interest earned on the fund. The Department of Administrative Services may for accounting purposes create subfunds of the fund to segregate awards or allocations received pursuant to different orders or settlements. Any money in the 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. No money shall be transferred or disbursed from the fund except pursuant to sections 81-1635 to 81-1641 .

Legislative History

Source: Laws 1987, LB 683, § 1; Laws 1995, LB 7, § 131; Laws 2019, LB302, § 167; Laws 2025, LB317, § 456. Operative Date: July 1, 2025 Cross References: Nebraska Capital Expansion Act, see section 72-1269. Nebraska State Funds Investment Act, see section 72-1260.