81-550 Nebraska Natural Gas Pipeline Safety Cash Fund; created; use; investment; assessments. - Nebraska Statutes

81-550. Nebraska Natural Gas Pipeline SafetyCash Fund; created; use; investment; assessments.(1) TheNebraska Natural Gas Pipeline Safety Cash Fund is created. The fund shallconsist of money received from assessments pursuant to this section whichshall be remitted to the State Treasurer for credit to the fund. Transfers may be made from the fund tothe General Fund at the direction of the Legislature through June 30, 2010. The Nebraska Natural Gas Pipeline Safety Cash Fund shall be used for purposesof administering the Nebraska Natural Gas Pipeline Safety Act of 1969. Thefund shall be administered by the State Fire Marshal. Any money in the fundavailable for investment shall be invested by the state investment officerpursuant to the Nebraska Capital Expansion Act and the Nebraska State FundsInvestment Act.(2) To defray the cost of administering the Nebraska Natural Gas PipelineSafety Act of 1969, the State Fire Marshal shall on March 1 of each year makean assessment against persons having pipeline facilities in this state subjectto the act, which assessment shall be paid within thirty days thereafter.(3) The assessment against each such person shall be based on the numberof meters such person has in service for the retail sale of gas in this stateat the end of the calendar year next preceding such assessment. The amountof such assessment shall be set by the State Fire Marshal in an amount notto exceed twenty cents multiplied by the number of such meters for each suchperson.(4) It shall be the duty of the State Fire Marshal to make timely applicationeach year to the United States Government for the maximum funds to which thisstate may be entitled from the United States Government for the administrationof the act. SourceLaws 1969, c. 763, § 9, p. 2890; Laws 1977, LB 410, § 1; Laws 1983, LB 383, § 1; Laws 1992, LB 858, § 2; Laws 2004, LB 1091, § 16; Laws 2009, First Spec. Sess., LB3, § 66.Effective Date: November 21, 2009 Cross ReferencesNebraska Capital Expansion Act, see section 72-1269.Nebraska State Funds Investment Act, see section 72-1260.