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Code · Nebraska · Chapter 85 — State University, State Colleges, and Postsecondary Education

85-2422. Guaranty Recovery Cash Fund; established; use; investment.

81 words·~1 min read·/ne/chapter-85/85-2422

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The Guaranty Recovery Cash Fund is hereby established. The fund shall receive assessments imposed by the commission pursuant to section 85-2423 and shall be used by the commission to pay claims authorized pursuant to section 85-2426 . 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. Any interest earned on the money in the fund shall accrue to the fund.
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