81-3524 Geologists Regulation Fund; created; use; investment. - Nebraska Statutes

81-3524. GeologistsRegulation Fund; created; use; investment.TheGeologists Regulation Fund is created. The secretary of the board shall receiveand account for all money derived from the operation of the Geologists RegulationAct. The board shall remit the money to the State Treasurer for credit tothe Geologists Regulation Fund, which shall be continued from year to yearand shall be drawn against only as provided for in this section and, whenreappropriated for the succeeding biennium, shall not revert to the GeneralFund. All expenses certified by the board as properly and necessarily incurredin the discharge of duties, including compensation and administrative staff,and any expense incident to the administration of the act relating to otherstates, shall be paid out of the fund. Warrants for the payment of expensesshall be issued by the Director of Administrative Services and paid by theState Treasurer upon presentation of vouchers regularly drawn by the chairpersonand secretary of the board and approved by the board. At no time shall thetotal amount of warrants exceed the total amount of the fees collected underthe act and to the credit of the fund. Transfersmay be made from the fund to the General Fund at the direction of the Legislature. Anymoney in the Geologists Regulation Fund availablefor investment shall be invested by the state investment officer pursuantto the Nebraska Capital Expansion Act and the Nebraska State Funds InvestmentAct. SourceLaws 1998, LB 1161, § 72; Laws 2009, First Spec. Sess., LB3, § 87.Effective Date: November 21, 2009 Cross ReferencesNebraska Capital Expansion Act, see section 72-1269.Nebraska State Funds Investment Act, see section 72-1260.