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LEGISLATURE OF NEBRASKA
ONE HUNDRED NINTH LEGISLATURE
SECOND SESSION
LEGISLATIVE BILL 1210
Introduced by Clements, 2.
Read first time January 21, 2026
Committee: Appropriations
A BILL FOR AN ACT relating to the Cash Reserve Fund; to amend section1
84-612, Revised Statutes Supplement, 2025; to eliminate obsolete2
provisions; and to repeal the original section.3
Be it enacted by the people of the State of Nebraska,4
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Section 1. Section 84-612, Revised Statutes Supplement, 2025, is1
amended to read: 2
84-612 (1) There is hereby created within the state treasury a fund3
known as the Cash Reserve Fund which shall be under the direction of the4
State Treasurer. The fund shall only be used pursuant to this section.5
(2) The State Treasurer shall transfer funds from the Cash Reserve6
Fund to the General Fund upon certification by the Director of7
Administrative Services that the current cash balance in the General Fund8
is inadequate to meet current obligations. Such certification shall9
include the dollar amount to be transferred. Any transfers made pursuant10
to this subsection shall be reversed upon notification by the Director of11
Administrative Services that sufficient funds are available.12
(3) In addition to receiving transfers from other funds, the Cash13
Reserve Fund shall receive federal funds received by the State of14
Nebraska for undesignated general government purposes, federal revenue15
sharing, or general fiscal relief of the state. 16
(4) No funds shall be transferred from the Cash Reserve Fund to17
fulfill the obligations created under the Nebraska Property Tax Incentive18
Act unless the balance in the Cash Reserve Fund after such transfer will19
be at least equal to five hundred million dollars.20
(5) The State Treasurer shall transfer ten million dollars from the21
Cash Reserve Fund to the School Safety and Security Fund as soon as22
administratively possible after September 2, 2023, on such dates and in23
such amounts as directed by the budget administrator of the budget24
division of the Department of Administrative Services.25
(5) (6) The State Treasurer shall transfer two million four hundred26
twenty-five thousand dollars from the Cash Reserve Fund to the Nebraska27
Public Safety Communication System Revolving Fund on or after July 1,28
2024, but before June 30, 2025, on such dates and in such amounts as29
directed by the budget administrator of the budget division of the30
Department of Administrative Services. 31
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(6) (7) The State Treasurer shall transfer four million dollars from1
the Cash Reserve Fund to the General Fund on or after July 1, 2024, but2
before June 30, 2025, on such dates and in such amounts as directed by3
the budget administrator of the budget division of the Department of4
Administrative Services. 5
(7) (8) The State Treasurer shall transfer twenty-nine million four6
hundred fifty-eight thousand eight hundred dollars from the Cash Reserve7
Fund to the Nebraska Capital Construction Fund on or after July 1, 2024,8
but before June 30, 2025, on such dates and in such amounts as directed9
by the budget administrator of the budget division of the Department of10
Administrative Services. 11
(8) (9) The State Treasurer shall transfer three million five12
hundred thousand dollars from the Cash Reserve Fund to the Health and13
Human Services Cash Fund on or after July 1, 2024, but on or before June14
30, 2025, on such dates and in such amounts as directed by the budget15
administrator of the budget division of the Department of Administrative16
Services. 17
(9) (10) The State Treasurer shall transfer three million two18
hundred fifty thousand dollars from the Cash Reserve Fund to the State19
Insurance Fund as soon as possible after April 2, 2024, on such dates and20
in such amounts as directed by the budget administrator of the budget21
division of the Department of Administrative Services.22
(10) (11) The State Treasurer shall transfer twenty-five million23
dollars from the Cash Reserve Fund to the Governor's Emergency Cash Fund24
on or before June 30, 2025, on such dates and in such amounts as directed25
by the budget administrator of the budget division of the Department of26
Administrative Services. 27
(11) (12) The State Treasurer shall transfer ten million dollars28
from the Cash Reserve Fund to the Governor's Emergency Cash Fund on or29
after July 1, 2025, but before June 30, 2026, on such dates and in such30
amounts as directed by the budget administrator of the budget division of31
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the Department of Administrative Services. 1
(12) (13) The State Treasurer shall transfer forty-five million2
eight hundred ninety-seven thousand dollars from the Cash Reserve Fund to3
the Nebraska Capital Construction Fund on or before June 30, 2026, on4
such dates and in such amounts as directed by the budget administrator of5
the budget division of the Department of Administrative Services.6
(13) (14) The State Treasurer shall transfer one hundred thousand7
dollars from the Cash Reserve Fund to the Self-Insured Liability Fund on8
or before June 30, 2025, on such dates and in such amounts as directed by9
the budget administrator of the budget division of the Department of10
Administrative Services. 11
(14) (15) It is the intent of the Legislature to transfer two12
hundred million dollars from the Cash Reserve Fund to the13
Transformational Project Fund in increments necessary to fund the14
distributions authorized in section 81-12,193, beginning in fiscal year15
2027-28 and continuing each fiscal year until such distribution16
requirements are met. 17
(15) (16) The State Treasurer shall transfer one hundred forty-seven18
million dollars from the Cash Reserve Fund to the General Fund on or19
after July 1, 2026, but before June 30, 2027, on such dates and in such20
amounts as directed by the budget administrator of the budget division of21
the Department of Administrative Services. 22
(16) (17) The State Treasurer shall transfer five million dollars23
from the Cash Reserve Fund to the General Fund on or after July 1, 2026,24
but before June 30, 2027, on such dates and in such amounts as directed25
by the budget administrator of the budget division of the Department of26
Administrative Services. 27
Sec. 2. Original section 84-612, Revised Statutes Supplement, 2025,28
is repealed. 29
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