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NE LB1153
Bill
Status
1/20/2026
Primary Sponsor
Danielle Conrad
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AI Summary
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State Settlement Cash Fund terminates on July 1, 2026, with remaining funds distributed by the State Treasurer according to a new allocation formula
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Beginning July 1, 2026, Consumer Protection Act recoveries will be distributed: 96% to common schools, 1% each to Legal Education for Public Service and Rural Practice Loan Repayment Assistance Fund, Financial Literacy Cash Fund, University of Nebraska tenant assistance project, and UNMC pediatric cancer research
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State Settlement Trust Fund continues only for funds held in trust where specific benefits accrue to specific individuals, organizations, or governments
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Removes several obsolete transfer provisions from prior years (2013, 2018, 2019) totaling approximately $4.6 million in previously directed transfers
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Declared an emergency, taking effect immediately upon passage and approval
Legislative Description
Change provisions relating to recovery under the Consumer Protection Act, provide a termination date for the State Settlement Cash Fund and for distribution of money in the fund, and change provisions relating to the State Settlement Trust Fund
Last Action
Notice of hearing for February 05, 2026
1/23/2026