86-463 Enhanced Wireless 911 Fund; created; use; investment. - Nebraska Statutes

86-463. Enhanced Wireless911 Fund; created; use; investment.The EnhancedWireless 911 Fund is created. The fund shall consist of the surcharges creditedto the fund, any money appropriated by the Legislature, any federal fundsreceived for wireless emergency communication, and any other funds designatedfor credit to the fund. Money in the fund shall be used for the costs of administeringthe fund and the purposes specified in section 86-465 unless otherwise directedby federal law with respect to any federal funds. The costs of administeringthe fund shall be kept to a minimum. The money in the fund shall not be subjectto any fiscal-year limitation or lapse provision of unexpended balance atthe end of any fiscal year or biennium. Interestaccruing to the fund from invested fund balances may be transferred to theGeneral Fund at the direction of the Legislature through June 30, 2010. Anymoney in the Enhanced Wireless 911 Fund availablefor investment shall be invested by the state investment officer pursuantto the Nebraska Capital Expansion Act and the Nebraska State Funds InvestmentAct. SourceLaws 2001, LB 585, § 8; R.S.Supp.,2001, § 86-2208; Laws 2002, LB 1105, § 264; Laws 2006, LB 1222, § 10; Laws 2009, First Spec. Sess., LB3, § 98.Effective Date: November 21, 2009 Cross ReferencesNebraska Capital Expansion Act, see section 72-1269.Nebraska State Funds Investment Act, see section 72-1260.