Nebraska Statutes 83-133. Chief executive officers; excess funds belonging to inmates; investment; use and distribution of income
The chief executive officer of any state institution under the control of the Department of Health and Human Services shall refer for investment in accordance with sections 72-1244 and 72-1267 any surplus of canteen funds or trust funds which he or she may have belonging to the residents of the institution under his or her control. The income accruing from the investment of canteen funds shall be used for the general entertainment of the residents of the institution. The income accruing from the investment of the residents’ personal trust funds shall be distributed and prorated to each resident’s personal trust account in accordance with the participation of each resident’s personal account.
Terms Used In Nebraska Statutes 83-133
- 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
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC