81-2514. State assistance to political subdivisions and nonprofit corporations; Designated Collection Fund; created; use; investment; commission; seek and accept funds.

(1) The State Treasurer shall for FY2010-11 transfer on July 15, 2010, twenty-five thousand dollars from the General Fund to the Designated Collection Fund which is hereby created. 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.

(2) The commission may accept and shall actively seek, for the needs listed in section 81-2510, any and all grants, donations, gifts, or contributions from public or private sources. Any such grants, donations, gifts, or contributions shall be deposited in the Designated Collection Fund and shall only be expended as provided in sections 81-2509 to 81-2515.

Source:Laws 2010, LB1002, § 6.Termination Date: June 30, 2018

Cross References

Nebraska Capital Expansion Act, see section 72-1269.

Nebraska State Funds Investment Act, see section 72-1260.