Nebraska § 81-188.03 University
Building Renewal Assessment Fund; created; use; investment

Nebraska Statutes

§ 81-188.03 — University Building Renewal Assessment Fund; created; use; investment

Nebraska § 81-188.03

Ch. 81State Administrative Departments

This text of Nebraska § 81-188.03 (University Building Renewal Assessment 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. § 81-188.03 (2026).

Text

(1)The University Building Renewal Assessment Fund is created. The fund shall be under the control of the Governor for allocation to building renewal projects and to building renovation projects of the University of Nebraska. No amounts accruing to the University Building Renewal Assessment Fund shall be transferred to any other fund and no amounts accruing to the fund shall be expended in any manner for purposes other than as provided in this section or as appropriated by the Legislature to meet the cost of administering the Deferred Building Renewal Act.

(2)Revenue credited to the fund shall include amounts as provided by the Legislature and such other revenue as may be incident to the administration of the fund.

(3)Amounts appropriated from the fund shall be expended to conduct renew

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(1) The University Building Renewal Assessment Fund is created.
The fund shall be under the control of the Governor for allocation to building
renewal projects and to building renovation projects of the University of
Nebraska. No amounts accruing to the University Building Renewal Assessment
Fund shall be transferred to any other fund and no amounts accruing to the
fund shall be expended in any manner for purposes other than as provided in
this section or as appropriated by the Legislature to meet the cost of administering
the Deferred Building Renewal Act.
(2) Revenue credited to the fund shall include amounts as
provided by the Legislature and such other revenue as may be incident
to the administration of the fund.
(3) Amounts appropriated from the fund shall be expended to
conduct renewal work as defined in section 81-173 , to conduct renovation work,
and to complete other improvements incident to such renewal or renovation
work as deemed necessary or appropriate by the task force. Expenditures from
the fund for capital improvements shall be limited to exclude expenditures
for capital improvement projects relating to facilities, structures, or buildings
from which revenue is derived and pledged for the retirement of revenue bonds
issued under sections 85-403 to 85-411 .
(4) 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.
(5) For purposes of this section, renovation work means work
to replace the interior or exterior systems of an existing building to accommodate
changes in use of building space or changes in programmatic need for building
space.

Legislative History

Source: Laws 1998, LB 1100, § 10; Laws 2002, LB 1310, § 15; Laws 2003, LB 410, § 6; Laws 2004, LB 1092, § 4; Laws 2011, LB380, § 2. Cross References: Nebraska Capital Expansion Act, see section 72-1269. Nebraska State Funds Investment Act, see section 72-1260.