85-122. University funds; designation; investment; disbursements; travel expenses.

298 words·~1 min read·/ne/chapter-85/85-122

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The several funds for the support of the university shall be constituted and designated as follows:

(1)The Permanent Endowment Fund;

(2)the Temporary University Fund;

(3)the University Cash Fund;

(4)the United States Morrill Fund;

(5)the United States Experiment Station Fund;

(6)the University Trust Fund;

(7)the United States Agricultural Extension Fund;

(8)the Veterinary School Fund;

(9)the University of Nebraska at Omaha Cash Fund;

(10)the University of Nebraska at Omaha Trust Fund;

(11)the University of Nebraska at Kearney Cash Fund;

(12)the University of Nebraska at Kearney Trust Fund;

(13)the Agricultural Field Laboratory Fund;

(14)the Animal Research and Diagnosis Revolving Fund;

(15)the University Facility Improvement Fund;

(16)the University of Nebraska Eppley Science Hall Construction Fund; and

(17)the University Facilities Fund. No portion of the funds designated above derived from taxation shall be disbursed for mileage or other traveling expenses except as authorized by sections 81-1174 to 81-1177 . No expenditures shall be made for or on behalf of the School of Veterinary Medicine and Surgery except from money appropriated to the Veterinary School Fund. Any money in the funds designated in this section 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 except as provided in sections 85-123.01 , 85-125 , 85-192 , and 85-1,123 .

Income from government grants may be disbursed by Board of Regents without specific biennial appropriations. State ex rel. Ledwith v. Brian, 84 Neb. 30, 120 N.W. 916 (1909).

After custody of funds was given to State Treasurer, specific appropriation of funds became necessary to authorize disbursement by Board of Regents. State ex rel. Bessey v. Babcock, 17 Neb. 610, 24 N.W. 202 (1885).