Chapter 72 — PUBLIC LANDS, BUILDINGS, AND FUNDS
520 sections in this chapter.
Repealed. Laws 2002, LB 407, § 67.
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[Repealed or reserved.]
Neb. Rev. Stat. § 72-1248 Income from investments; disbursement.
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Interest, premium, and other income received from investments pursuant to sections 72-1244 and 72-1267 shall be credited to the fund from which the investment was made except as otherwise provided by law.
Neb. Rev. Stat. § 72-1249 Expenses; costs; how paid.
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(1) Any expenses with respect to the purchase, sale, or exchange of any security shall be charged to the fund or funds on behalf of which such purchase, sale, or exchange was made. All other expenses of the state investment officer shall be paid out of appropriations for the offi…
Repealed. Laws 1977, LB 364, § 2.
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[Repealed or reserved.]
Neb. Rev. Stat. § 72-1249.02 State Investment Officer's Cash Fund; created; allocation of charges to funds managed; costs; how paid.
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The State Investment Officer's Cash Fund is created. A pro rata share of the budget appropriated for the council shall be charged to the income of each fund managed, and such charges shall be transferred to the State Investment Officer's Cash Fund. The allocation of charges may b…
Neb. Rev. Stat. § 72-1250 Securities in custody of State Treasurer; held in name of nominee; registered nominee; selection.
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All securities purchased or held shall be in the custody of the State Treasurer who may deposit with a fiscal agent in any financial institution, approved by the Nebraska Investment Council, such securities as he shall consider advisable to be held in safekeeping by such agent fo…
Neb. Rev. Stat. § 72-1250.01 Cash funds deposited with fiscal agent; constitute investment made by state investment officer.
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Whenever cash funds belonging to the State of Nebraska shall be deposited with any fiscal agent authorized by section 72-1250, the holding thereof shall be and constitute an investment made pursuant to direction of the state investment officer for purposes of subdivision (7) of s…
Neb. Rev. Stat. § 72-1251 State Treasurer; interest, premium, income, and principal; collect.
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The State Treasurer shall collect the interest, premium or other income on and the principal of such securities in his custody as the same become due and payable.
Neb. Rev. Stat. § 72-1252 State investment officer; earned income; notice.
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The available money from the General Fund and each board, commission, department, agency, or official charged with the control of any other state funds shall be invested by the state investment officer. On a monthly basis the state investment officer shall notify the Department o…
Repealed. Laws 2003, LB 149, § 8.
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[Repealed or reserved.]
Neb. Rev. Stat. § 72-1254 State investment officer; operations; report; contents; public inspection.
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The state investment officer shall report no later than fifteen days after the close of each month to the Governor, the State Treasurer, the Auditor of Public Accounts, the Department of Administrative Services, and the members of the council on the operations for the pooled acco…
Neb. Rev. Stat. § 72-1255 Investment transactions; Auditor of Public Accounts; postaudits; report.
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The Auditor of Public Accounts shall conduct, at such time as he or she determines necessary, postaudits of the investment transactions provided for in the Nebraska State Funds Investment Act and shall submit annually a report of his or her findings to the Governor and the state …
Repealed. Laws 1981, LB 545, § 52.
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[Repealed or reserved.]
Neb. Rev. Stat. § 72-1257 Default; proceedings.
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In the event of default in the payment of principal of, or interest on, any investment made by the state investment officer, the State Treasurer may institute the proper proceedings to collect such matured principal or interest, and may, with the approval of the state investment …
Neb. Rev. Stat. § 72-1258 Investment of state funds; boards, commissions, departments, agencies, officials; powers and duties.
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Except as otherwise provided in sections 72-1244 and 72-1267, each board, commission, department, agency, or official that previously was charged with the investment of state funds shall continue in all other respects as provided by law and shall continue to have all other powers…
Neb. Rev. Stat. § 72-1259 State investment officer; political subdivisions; assistance; fee.
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The state investment officer may provide assistance and furnish advice regarding the investment of money to any political subdivision of the State of Nebraska whenever such advice is requested by a political subdivision. In connection with the rendering of such service, the state…
Neb. Rev. Stat. § 72-1260 Act, how cited.
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Sections 72-1237 to 72-1260 shall be known and may be cited as the Nebraska State Funds Investment Act.
Neb. Rev. Stat. § 72-1261 Declaration of intent.
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It is hereby declared that the lending of money is an activity which affects the economic conditions of the State of Nebraska, that Nebraska is a state short of sufficient capital to properly serve the needs of the state, especially the agricultural credit requirements and housin…
Neb. Rev. Stat. § 72-1262 Terms, defined.
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For purposes of the Nebraska Capital Expansion Act, unless the context otherwise requires: (1) Bank means a state-chartered or federally chartered bank which has a main chartered office in this state, any branch thereof in this state, or any branch in this state of a state-charte…
Neb. Rev. Stat. § 72-1263 State investment officer; time deposit open account; conditions.
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Except as provided in section 72-1264, the state investment officer shall, out of funds available for investment, initially cause to be offered to all banks, capital stock financial institutions, and qualifying mutual financial institutions in this state a time deposit open accou…
Neb. Rev. Stat. § 72-1264 Funds; when offered; time deposit open account; state investment officer; powers.
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Funds shall be offered for deposit as they become available. The time of such deposit shall be known as an investment date. The state investment officer may make prudent interim investments. If the funds available for investment are less than the amount required for banks, capita…
Neb. Rev. Stat. § 72-1265 State investment officer; deposits; fix interest rate and term; legislative intent.
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The state investment officer shall fix the rate of interest to be paid on deposits and the term of deposits to be offered on the first day of each month. The rate per annum for each period shall be equal to the interest rate paid for other qualified investments of equal term avai…
Neb. Rev. Stat. § 72-1266 Nebraska Investment Council; adopt rules and regulations.
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The Nebraska Investment Council shall adopt and promulgate rules and regulations to establish procedures for the distribution of funds to banks, capital stock financial institutions, and qualifying mutual financial institutions.
Neb. Rev. Stat. § 72-1267 State investment officer; combine and pool investable funds; when; prorate interest.
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For purposes of investment under the Nebraska Capital Expansion Act, the state investment officer shall combine and pool all investable funds of all state agencies subject to his or her investment powers except when doing so would violate a fiduciary obligation of the state. The …
Neb. Rev. Stat. § 72-1268 Depositories; eligibility for funds; bond or bond alternatives.
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(1) Notwithstanding any other provision of law, every bank, capital stock financial institution, and qualifying mutual financial institution shall be eligible for the maximum investment provided for in section 72-1263. The bank, capital stock financial institution, or qualifying …
Neb. Rev. Stat. § 72-1268.01 Funds deposited; bond; requirements.
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For the security of funds deposited under the Nebraska Capital Expansion Act, the state investment officer shall require all such depositories to give bond for the safekeeping of payments of such deposits. The officers of the bank, capital stock financial institution, or qualifyi…
Neb. Rev. Stat. § 72-1268.02 Bond; form.
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The bond referred to in section 72-1268.01 shall be in substance as follows: Know all Persons by these Presents, That we .......... as principals, and .......... as sureties, are held and firmly bound unto the State of Nebraska, in the just and full sum of .......... Dollars, for…
Neb. Rev. Stat. § 72-1268.03 State investment officer; limitation on deposits.
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The state investment officer shall not have on deposit in any bank, capital stock financial institution, or qualifying mutual financial institution giving a guaranty bond more than the amount insured or guaranteed by the Federal Deposit Insurance Corporation plus the maximum amou…
Neb. Rev. Stat. § 72-1268.04 Depository; bond alternatives; requirements.
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In lieu of the bond required by section 72-1268.01, any bank, capital stock financial institution, or qualifying mutual financial institution making application to become a depository under the Nebraska Capital Expansion Act may give security as provided in the Public Funds Depos…
Repealed. Laws 1996, LB 1274, § 57.
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[Repealed or reserved.]
Repealed. Laws 1996, LB 1274, § 57.
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[Repealed or reserved.]
Neb. Rev. Stat. § 72-1268.07 Subsidiary bank of out-of-state bank holding company; filing required; deposit of public funds; restriction; applicability and construction of section.
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(1) Each subsidiary bank of an out-of-state bank holding company shall file with the state investment officer a copy of the public section of the subsidiary bank's most current written evaluation issued pursuant to the terms of section 807 of the Community Reinvestment Act of 197…
Neb. Rev. Stat. § 72-1269 Act, how cited.
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Sections 72-1261 to 72-1269 shall be known and may be cited as the Nebraska Capital Expansion Act.
Repealed. Laws 1994, LB 1066, § 149.
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[Repealed or reserved.]
Repealed. Laws 1994, LB 1066, § 149.
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[Repealed or reserved.]
Repealed. Laws 1994, LB 1066, § 149.
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[Repealed or reserved.]
Repealed. Laws 1994, LB 1066, § 149.
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[Repealed or reserved.]
Repealed. Laws 1994, LB 1066, § 149.
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[Repealed or reserved.]
Repealed. Laws 1994, LB 1066, § 149.
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[Repealed or reserved.]
Repealed. Laws 1994, LB 1066, § 149.
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[Repealed or reserved.]
Neb. Rev. Stat. § 72-1277 Legislative findings.
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The Legislature finds that: (1) The Nebraska Investment Council was created by the Legislature in Laws 1967, LB 335. Additional legislation was passed in Laws 1969, LB 1345, which provided for centralization of the investment of state funds and addressed types of authorized inves…
Neb. Rev. Stat. § 72-1278 Nebraska Investment Council; comprehensive review of council; contract.
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The Nebraska Investment Council shall enter into a contract with a qualified independent organization familiar with similar state investment offices to complete a comprehensive review of the current statutory, regulatory, and organizational situation of the council, review best p…
Neb. Rev. Stat. § 72-1301 Farm land, defined; nonfarm land; designation.
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As used in sections 72-1301 to 72-1305, unless the context otherwise requires, farm land shall mean land suitable for cultivation or grazing and devoted primarily to such purposes for a profit. Land suitable for cultivation or grazing acquired or owned by any entity of the state …
Neb. Rev. Stat. § 72-1302 Leases; required.
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All departments, boards, and commissions of the State of Nebraska, except the Board of Educational Lands and Funds, the Department of Correctional Services, the Department of Health and Human Services, and the University of Nebraska shall cease operating any farm lands except as …
Neb. Rev. Stat. § 72-1303 Capital improvements; prohibited; exceptions.
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No capital improvements shall be made to any farm land owned by the State of Nebraska, its departments, boards or commissions, except that this provision shall not apply to the Board of Educational Lands and Funds, the Department of Correctional Services, the Department of Health…
Neb. Rev. Stat. § 72-1304 Lease; cash rent; term; rules and regulations; cancellation of lease.
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All publicly owned farm lands not classified as school or saline lands, or lands of the Department of Health and Human Services, the Department of Correctional Services, or the University of Nebraska shall be subject to lease at a fixed annual cash rental for a term of not more t…
Neb. Rev. Stat. § 72-1305 Application for lease; affidavit; contents; deposit for rental; sealed bids; when.
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Applications to lease any such publicly owned farm lands shall be made to the department, commission, or board having charge thereof. Each such application shall contain an affidavit that the applicant desires to lease and operate such land for the applicant's own use and benefit…
Neb. Rev. Stat. § 72-1306 Virgin prairie; legislative findings.
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The Legislature finds that: (1) Examples of Nebraska's prairie soil in a condition which existed before the state was settled during the early part of the nineteenth century are becoming increasingly rare; (2) Such virgin prairie is an important tool for scientists who seek to de…
Neb. Rev. Stat. § 72-1307 Virgin prairie; preservation; sale; conditions.
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When any agency or political subdivision of the State of Nebraska, except the Board of Educational Lands and Funds, owns land with virgin prairie as described in section 72-1306, such agency or political subdivision may take action to establish the location and boundaries of such…
Neb. Rev. Stat. § 72-1308 Virgin prairie; sale; when allowed.
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No sale authorized under sections 72-1306 to 72-1308 shall take place after July 1, 1983.