NE LB130

Amends section 77-4602 to modify how excess General Fund net receipts are calculated and transferred to the Cash Reserve Fund within 15 days after each fiscal year ends

Requires the Tax Commissioner to calculate two figures: (1) actual receipts minus estimated receipts, and (2) 50% of actual receipts multiplied by the difference between the current year's percentage increase and the 20-year average increase

Transfers the greater of these two calculated amounts from the General Fund to the Cash Reserve Fund, with the first portion transferred immediately and any remainder by the end of the subsequent fiscal year

Caps transfers so the Cash Reserve Fund balance does not exceed 16% of total budgeted General Fund expenditures, unless the Legislature determines additional reserves are needed for capital projects or emergencies

Declared an emergency measure, taking effect immediately upon passage and approval