Nebraska Statutes 80-322.01. Department of Veterans’ Affairs Cash Fund; created; use; investment
The Department of Veterans’ Affairs Cash Fund is created. The fund shall include any transfers by the Legislature, any gifts, grants, bequests, contributions, or donations received by the department, and money transferred pursuant to section 80-322. The department shall administer the fund. Disbursements from the fund shall be used by the department for the purposes of supporting veteran services, carrying out the duties and functions of the department, paying administrative costs of the department, or for the specific purposes designated by acceptance of any gift, grant, bequest, contribution, or donation. 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.
Terms Used In Nebraska Statutes 80-322.01
- Bequest: Property gifted by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801