37-1017. Trail Development and Maintenance Fund; created; use; investment.
138 words·~1 min read·
/ne/chapter-37/37-1017A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Trail Development and Maintenance Fund is hereby created. The fund shall consist of transfers at the direction of the Legislature and any gifts, bequests, or other contributions to such fund from public or private entities. The Game and Parks Commission shall administer the fund to provide grants to natural resources districts to assist in completing the Missouri-Pacific trail between the cities of Lincoln and Omaha. Transfers may be made from the fund to the General Fund at the direction of the Legislature.
Any money in the Trail Development and Maintenance 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. Beginning October 1, 2024, any investment earnings from investment of money in the fund shall be credited to the General Fund.