84-618 Treasury Management Cash Fund; created; use; investment. - Nebraska Statutes

84-618. Treasury Management Cash Fund; created; use; investment.The Treasury Management Cash Fund is created. A pro rata share of the budget appropriated for the treasury management functions of the State Treasurer shall be charged to the income of each fund held in invested cash, and such charges shall be transferred to the Treasury Management Cash Fund. The allocation of charges may be made by any method determined to be reasonably related to actual costs incurred by the State Treasurer in carrying out the treasury management functions under section 84-602. Approval of the agencies, boards, and commissions administering these funds shall not be required.It is the intent of this section to have funds held in invested cash be charged a pro rata share of the treasury management expense when this is not prohibited by statute or the Constitution of Nebraska.Transfers may be made from the Treasury Management Cash Fund to the General Fund at the direction of the Legislature. Any money in the Treasury Management Cash 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. SourceLaws 2003, LB 424, § 1. Cross ReferencesNebraska Capital Expansion Act, see section 72-1269.Nebraska State Funds Investment Act, see section 72-1260.