72-1243. State investment officer; investment and reinvestment of funds; duties; council; analysis required; plan; contents. (1) Except as otherwise specifically provided by law, the state investment officer shall direct the investment and reinvestment of money in all state funds not currently needed and all funds described in section 83-133 and order the purchase, sale, or […]
72-1244. State Treasurer; boards, commissions, departments, and agencies; money to invest; notify state investment officer; conditions. The State Treasurer shall notify the state investment officer as to the amount of money in the General Fund and the funds of any board, commission, department, agency, or official charged with the control of any other state fund […]
72-1246. State investment officer; investments; duties. The state investment officer shall invest in investments of the nature which individuals of prudence, discretion, and intelligence acquire or retain in dealing with the property of another, and if the state investment officer has special skills or is named on the basis of representations of special skills or […]
72-1246.01. Student loans; purchase. The Nebraska Investment Council, out of funds available to it, upon the application of any qualified lending agent as defined under the Federal Higher Education Act of 1965, may purchase all student loans which are federally guaranteed, as to principal and interest, and made to Nebraska residents attending Nebraska institutions, which […]
72-1246.02. Student loans; sale; resale; conditions. The Nebraska Investment Council may hold such loans or offer them for sale or resale on such terms and conditions as shall be negotiated with purchasers. Conditions of such sale or resale may be, but shall not be limited to, amounts to be retained for service, degree of servicing […]
72-1246.03. Student loans; Nebraska State Colleges; service loans; security. The Nebraska Investment Council may negotiate with the Board of Trustees of the Nebraska State Colleges for the servicing of such loans which may be purchased by the council, retained in its investment portfolio or resold as provided in section 72-1246.02. The council may require such […]
72-1246.04. Student loans; purchasing, selling, servicing; approval. The Nebraska Investment Council shall obtain the approval of the United States Department of Education before purchasing, selling, or servicing loans pursuant to sections 72-1246.01 to 72-1246.03. Source Laws 1971, LB 152, § 5; Laws 1991, LB 2, § 15.
72-1246.05. Student loans; priority; liquidation of investments; prior investments, how treated; interest. The Nebraska Investment Council may give priority to the investments authorized by section 72-1246.01 and shall liquidate other investments if necessary to meet the demand for such loans; Provided, that any investments made prior to May 24, 1971, may be retained in kind, […]
72-1248. Income from investments; disbursement. Interest, premium, and other income received from investments pursuant to sections 72-1244 and 72-1267 shall be credited to the fund from which the investment was made except as otherwise provided by law. Source Laws 1969, c. 584, § 12, p. 2354; Laws 2003, LB 149, § 2.
72-1249. Expenses; costs; how paid. (1) Any expenses with respect to the purchase, sale, or exchange of any security shall be charged to the fund or funds on behalf of which such purchase, sale, or exchange was made. All other expenses of the state investment officer shall be paid out of appropriations for the office […]
72-1249.02. State Investment Officer’s Cash Fund; created; allocation of charges to funds managed; costs; how paid. The State Investment Officer’s Cash Fund is created. A pro rata share of the budget appropriated for the council shall be charged to the income of each fund managed, and such charges shall be transferred to the State Investment […]
72-1250. Securities in custody of State Treasurer; held in name of nominee; registered nominee; selection. All securities purchased or held shall be in the custody of the State Treasurer who may deposit with a fiscal agent in any financial institution, approved by the Nebraska Investment Council, such securities as he shall consider advisable to be […]
72-1250.01. Cash funds deposited with fiscal agent; constitute investment made by state investment officer. Whenever cash funds belonging to the State of Nebraska shall be deposited with any fiscal agent authorized by section 72-1250, the holding thereof shall be and constitute an investment made pursuant to direction of the state investment officer for purposes of […]
72-1251. State Treasurer; interest, premium, income, and principal; collect. The State Treasurer shall collect the interest, premium or other income on and the principal of such securities in his custody as the same become due and payable. Source Laws 1969, c. 584, § 15, p. 2355.
72-1252. State investment officer; earned income; notice. The available money from the General Fund and each board, commission, department, agency, or official charged with the control of any other state funds shall be invested by the state investment officer. On a monthly basis the state investment officer shall notify the Department of Administrative Services and […]
72-1254. State investment officer; operations; report; contents; public inspection. The state investment officer shall report no later than fifteen days after the close of each month to the Governor, the State Treasurer, the Auditor of Public Accounts, the Department of Administrative Services, and the members of the council on the operations for the pooled accounts […]
72-1255. Investment transactions; Auditor of Public Accounts; postaudits; report. The Auditor of Public Accounts shall conduct, at such time as he or she determines necessary, postaudits of the investment transactions provided for in the Nebraska State Funds Investment Act and shall submit annually a report of his or her findings to the Governor and the […]
72-1257. Default; proceedings. In the event of default in the payment of principal of, or interest on, any investment made by the state investment officer, the State Treasurer may institute the proper proceedings to collect such matured principal or interest, and may, with the approval of the state investment officer, accept for exchange purposes refunding […]
72-1258. Investment of state funds; boards, commissions, departments, agencies, officials; powers and duties. Except as otherwise provided in sections 72-1244 and 72-1267, each board, commission, department, agency, or official that previously was charged with the investment of state funds shall continue in all other respects as provided by law and shall continue to have all […]
72-1259. State investment officer; political subdivisions; assistance; fee. The state investment officer may provide assistance and furnish advice regarding the investment of money to any political subdivision of the State of Nebraska whenever such advice is requested by a political subdivision. In connection with the rendering of such service, the state investment officer may charge […]
