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NE LB451
Bill
Status
Introduced
1/21/2025
Primary Sponsor
Jason Prokop
Click for details
AI Summary
- Redirects $1 million annually from the Unclaimed Property Trust Fund to the Capitol Restoration Cash Fund from 2025 through 2034, with any remaining balance continuing to go to the permanent school fund
- Prior to 2025, all excess funds above $1 million from the Unclaimed Property Trust Fund went entirely to the permanent school fund
- Beginning in 2035, the funding structure reverts to sending all excess funds above $1 million back to the permanent school fund
- Amends section 72-2211 to formally add the Unclaimed Property Trust Fund as an authorized source of transfers to the Capitol Restoration Cash Fund
- Introduced by Senator Prokop (District 27) on January 21, 2025, amending sections 69-1317 and 72-2211 of the Revised Statutes
Legislative Description
Change provisions relating to the Unclaimed Property Trust Fund and the Capitol Restoration Cash Fund
Last Action
Title printed. Carryover bill
1/7/2026
Committee Referrals
Appropriations1/23/2025
Full Bill Text
No bill text available