45-930. Financial Literacy Cash Fund; created; use; investment.
142 words·~1 min read·
/ne/chapter-45/45-930A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Financial Literacy Cash Fund is created. The fund shall consist of amounts credited to the fund from that portion of each renewal fee as provided in section 45-927 , such other revenue as is incidental to administration of the fund, and transfers authorized by the Legislature. The fund shall be administered by the University of Nebraska. The fund shall be used to provide assistance to nonprofit entities that offer financial literacy programs to students in grades kindergarten through twelve and to provide assistance for the tenant assistance project administered by the Housing Justice Clinic at the University of Nebraska College of Law that provides legal services to low-income families facing eviction.
Any money in the 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.