81-12,128 Building Entrepreneurial Communities Cash Fund; created; use; investment. - Nebraska Statutes

81-12,128. Building Entrepreneurial Communities Cash Fund; created; use; investment.(1) The Building Entrepreneurial Communities Cash Fund is created. The fund shall be administered by the Department of Economic Development. 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 State Treasurer shall credit to the fund such money as is (a) transferred to the fund by the Legislature, (b) paid to the state as fees, deposits, payments, and repayments relating to the fund, both principal and interest, (c) donated as gifts, bequests, or other contributions to such fund from public or private entities, and (d) made available by any department or agency of the United States if so directed by such department or agency.(3) The fund shall be expended by the Department of Economic Development for the purpose of carrying out the Building Entrepreneurial Communities Act. SourceLaws 2007, LB322, § 38. Cross ReferencesBuilding Entrepreneurial Communities Act, see section 81-12,125.Nebraska Capital Expansion Act, see section 72-1269.Nebraska State Funds Investment Act, see section 72-1260.