38-157 Professional and Occupational Credentialing Cash Fund; created; use; investment.
38-157. Professionaland Occupational Credentialing Cash Fund; created; use; investment.(1) The Professional and Occupational Credentialing CashFund is created. Except as provided in section 71-17,113, the fund shall consistof all fees, gifts, grants, and other money, excluding fines and civil penalties,received or collected by the department under sections 38-151 to 38-156.(2) The department shall use the fund for the administrationand enforcement of such laws regulating the individuals and businesses listedin section 38-121 except for a percentage of the fees credited to the NebraskaRegulation of Health Professions Fund pursuant to section 71-6228. Transfers may be made from the Professionaland Occupational Credentialing Cash Fund to the General Fund at the directionof the Legislature.(3) Any money in the Professional and Occupational CredentialingCash Fund available for investment shall be invested by the state investmentofficer pursuant to the Nebraska Capital Expansion Act and the Nebraska StateFunds Investment Act. SourceLaws 1927, c. 167, § 62, p. 471; C.S.1929, § 71-702; R.S.1943, § 71-163; Laws 1986, LB 926, § 37; Laws 1988, LB 1100, § 27; Laws 1994, LB 1210, § 47; Laws 2003, LB 242, § 30; Laws 2005, LB 146, § 10; R.S.Supp.,2006, § 71-163; Laws 2007, LB463, § 57; Laws 2009, First Spec. Sess., LB3, § 19.Effective Date: November 21, 2009 Cross ReferencesNebraska Capital Expansion Act, see section 72-1269.Nebraska State Funds Investment Act, see section 72-1260.