reglab/housing_qa huggingface dataset:
NE Code § 72-1242 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1242 - State investment officer; personnel; employ; approval of Governor; employees; duties; exempted from State Personnel System; when.

72-1242.  State investment officer; personnel; employ; approval of Governor; employees; duties; exempted from State Personnel System; when.The state investment officer shall employ qualified personnel as may be required to carry out the duties and responsibilities required under the Nebraska State Funds Investment Act. Such employees shall be deemed state employees and covered by the State Personnel System pursuant to sections 81-1301 to 81-1368 and other personnel rules or regulations. At the discretion of the Nebraska Investment Council, investment managers who are employees of the council may be exempted from the State Personnel System. The state investment officer shall be exempt from the State Personnel System. All employees shall comply with state accounting regulations and applicable state and federal laws in the discharge of their duties. With the approval of the Governor, the state investment officer may retain counsel, auditors, financial advisors and private consultants on a contract basis or otherwise to render such professional service or advice as he or she may require in the performance of his or her duties.Source   Laws 1969, c. 584, § 6, p. 2351;   Laws 1996, LB 847, § 23.  Annotations One of the tests of compensability under the Workmen's Compensation Act, in cases related to recreational or social activities, is whether the employer derives substantial direct benefit from the activity. Kuethe v. State, 191 Neb. 167, 214 N.W.2d 380 (1974).
NE Code § 72-1243 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1243 - State investment officer; investment and reinvestment of funds; duties; council; analysis required; plan; contents.

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 exchange of securities for such funds. He or she shall notify the State Treasurer of any payment, receipt, or delivery that may be required as a result of any investment decision, which notification shall be the authorization and direction for the State Treasurer to make such disbursement, receipt, or delivery from the appropriate fund.(2) The council shall have an analysis made of the investment returns that have been achieved on the assets of each retirement system administered by the Public Employees Retirement Board as provided in section 84-1503 and, beginning January 1, 2017, on the assets of each retirement system provided for under the Class V School Employees Retirement Act. By March 31 of each year, the analysis shall be presented to the board and the Nebraska Retirement Systems Committee of the Legislature. The analysis shall be prepared by an independent organization which has demonstrated expertise to perform this type of analysis and for which there exists no conflict of interest in the analysis being provided. The analysis may be waived by the council for any retirement system with assets of less than one million dollars.(3) By March 31 of each year prior to 2020, and by April 10 of each year beginning in 2020, the council shall prepare a written plan of action and shall present such plan to the Nebraska Retirement Systems Committee of the Legislature at a public hearing. The plan shall include, but not be limited to, the council's investment portfolios, investment strategies, the duties and limitations of the state investment officer, and an organizational structure of the council's office.Source   Laws 1969, c. 584, § 7, p. 2351;   Laws 1971, LB 53, § 7;   Laws 1985, LB 335, § 2;   Laws 1991, LB 549, § 21;   Laws 1996, LB 847, § 24;  Laws 2005, LB 503, § 7;  Laws 2011, LB509, § 14;  Laws 2016, LB447, § 5;  Laws 2019, LB33, § 1.  Cross References  Class V School Employees Retirement Act, see section 79-978.01.
NE Code § 72-1244 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1244 - State Treasurer; boards, commissions, departments, and agencies; money to invest; notify state investment officer; conditions.

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 not currently needed and available for investment. When it shall appear to the State Treasurer that any such invested money is needed, he or she shall notify the state investment officer who shall make available from the pooled investments the amount required.Source   Laws 1969, c. 584, § 8, p. 2351;   Laws 1985, LB 335, § 3;  Laws 2003, LB 149, § 1.
NE Code § 72-1246 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1246 - State investment officer; investments; duties.

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 expertise, he or she is under a duty to use such skills, subject to the direction of the Nebraska Investment Council.Source   Laws 1969, c. 584, § 10, p. 2352;   Laws 1971, LB 152, § 1;   Laws 1974, LB 396, § 2;   Laws 1981, LB 460, § 1;  Laws 2002, LB 407, § 19.
NE Code § 72-1246.01 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1246.01 - Student loans; purchase.

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 are offered to the Nebraska Investment Council for purchase and shall give preference to such loans when an investment in such loans would be equally as good as any other investment; Provided, such offers shall be in amounts of five thousand dollars or more from a single lending agent.Source  Laws 1971, LB 152, § 2.
NE Code § 72-1246.02 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1246.02 - Student loans; sale; resale; conditions.

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 requirements, conditions of repurchase and responsibility for collection and reports to the guaranteeing agency of the federal government.Source  Laws 1971, LB 152, § 3.
NE Code § 72-1246.03 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1246.03 - Student loans; Nebraska State Colleges; service loans; security.

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 security for the performance of the servicing duties as it may deem necessary to insure full compliance with a servicing agreement.Source  Laws 1971, LB 152, § 4.
NE Code § 72-1246.04 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1246.04 - Student loans; purchasing, selling, servicing; approval.

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.
NE Code § 72-1246.05 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1246.05 - Student loans; priority; liquidation of investments; prior investments, how treated; interest.

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, notwithstanding the provisions of section 72-1246, until such time as in the discretion of the Nebraska Investment Council the same may be sold for the best advantage of the retirement fund. All interest received on such loans shall be credited to the fund from which the loan was made.Source  Laws 1971, LB 152, § 6.
NE Code § 72-1248 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1248 - Income from investments; disbursement.

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.
NE Code § 72-1249 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1249 - Expenses; costs; how paid.

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 of the state investment officer.(2) Beginning on March 31, 2016, any expenses with respect to the transfer to and assumption by the council and the state investment officer of the duty and authority to invest the assets of a retirement system provided for under the Class V School Employees Retirement Act shall be charged to the Class V School Employees Retirement Fund established in section 79-9,115. Such expenses shall be paid without the approval of the board of education as defined in section 79-978 or the board of trustees provided for in section 79-980.(3) Management, custodial, and service costs which are a direct expense of investing the assets of a retirement system provided for under the Class V School Employees Retirement Act may be paid from the income of such assets when it is not prohibited by statute or the Constitution of Nebraska. For purposes of this section, management, custodial, and service costs include investment counsel fees for managing assets, real estate mortgage loan service fees, real estate management fees, and custody fees for fund securities. All such fees shall be approved by the council and the state investment officer.Source   Laws 1969, c. 584, § 13, p. 2354;   Laws 1972, LB 1279, § 1;   Laws 1977, LB 364, § 1;  Laws 2016, LB447, § 6;  Laws 2017, LB29, § 1.  Cross References  Class V School Employees Retirement Act, see section 79-978.01.
NE Code § 72-1249.02 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1249.02 - State Investment Officer's Cash Fund; created; allocation of charges to funds managed; costs; how paid.

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 Officer's Cash Fund. The allocation of charges may be made by any method determined to be reasonably related to actual costs incurred by the council. Approval of the agencies and boards administering these funds shall not be required.It is the intent of this section to have funds managed by the state investment officer pay a pro rata share of the investment management expense when this is not prohibited by statute or the constitution.Management, custodial, and service costs which are a direct expense of state funds may be paid from the income of such funds when this is not prohibited by statute or the Constitution of Nebraska. For purposes of this section, management, custodial, and service costs shall include, but not be limited to, investment counsel fees for managing assets, real estate mortgage loan service fees, real estate management fees, and custody fees for fund securities. All such fees shall be approved by the council and the state investment officer.Beginning on March 31, 2016, a pro rata share of the budget appropriated for the council shall be charged to the income of the Class V School Employees Retirement Fund, and such charges shall be transferred to the State Investment Officer's Cash Fund. The allocation of charges among a retirement system provided for under the Class V School Employees Retirement Act and the other funds managed by the council may be made by any method determined to be reasonably related to actual costs incurred by the council. Approval of the board of education, the board of trustees, or the retirement board, as defined in section 79-978 and as provided for in section 79-980, shall not be required.Source   Laws 1983, LB 468, § 1;   Laws 1987, LB 31, § 2;   Laws 1987, LB 786, § 1;  Laws 2002, LB 407, § 20;  Laws 2016, LB447, § 7;  Laws 2021, LB147, § 2.   Effective Date: May 27, 2021  Cross References  Class V School Employees Retirement Act, see section 79-978.01.Annotations This section authorizes an investment officer to enter into contracts for investment management services. Myers v. Nebraska Invest. Council, 272 Neb. 669, 724 N.W.2d 776 (2006).
NE Code § 72-1250 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1250 - Securities in custody of State Treasurer; held in name of nominee; registered nominee; selection.

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 held in safekeeping by such agent for collection of principal and interest, or of the proceeds of sale thereof or, at the direction of the state investment officer, the State Treasurer shall have such securities held in the name of a nominee. The State Treasurer shall join with the deputy state treasurer in obtaining for the State of Nebraska a registered nominee from the American Society of Corporate Secretaries and shall hold securities registered in the nominee's name in the same manner as he shall consider appropriate for holding other securities.Source   Laws 1969, c. 584, § 14, p. 2354;   Laws 1974, LB 925, § 1.
NE Code § 72-1250.01 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1250.01 - Cash funds deposited with fiscal agent; constitute investment made by state investment officer.

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 subdivision (7) of section 84-602.Source   Laws 1974, LB 925, § 2;  Laws 2021, LB509, § 8.   Effective Date: August 28, 2021  Cross References  State Treasurer, duties, see section 84-602.
NE Code § 72-1251 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1251 - State Treasurer; interest, premium, income, and principal; collect.

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.
NE Code § 72-1252 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1252 - State investment officer; earned income; notice.

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 the State Treasurer as to the earned income to be credited pursuant to section 72-1248.Source   Laws 1969, c. 584, § 16, p. 2355;  Laws 2003, LB 149, § 3.
NE Code § 72-1254 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1254 - State investment officer; operations; report; contents; public inspection.

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 during such month. The report shall include a summary of investments, purchases, and dealers utilized. Such reports shall be available for public inspection in the office of the state investment officer.Source   Laws 1969, c. 584, § 18, p. 2355;  Laws 2003, LB 149, § 4.
NE Code § 72-1255 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1255 - Investment transactions; Auditor of Public Accounts; postaudits; report.

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 state investment officer.Source   Laws 1969, c. 584, § 19, p. 2355;   Laws 1997, LB 4, § 4;  Laws 2011, LB337, § 5.
NE Code § 72-1257 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1257 - Default; proceedings.

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 bonds or other evidences of indebtedness. The State Treasurer, with the approval of the state investment officer, may make such compromise, adjustment, or other disposition of the past-due interest or principal in default, or make such compromises, adjustments or other disposition as to future payments of interest or principal as deemed advisable to protect the money invested.Source  Laws 1969, c. 584, § 21, p. 2355.
NE Code § 72-1258 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1258 - Investment of state funds; boards, commissions, departments, agencies, officials; powers and duties.

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 other powers and shall exercise all the functions and duties fixed or imposed upon it by law.Source   Laws 1969, c. 584, § 22, p. 2356;  Laws 2003, LB 149, § 5.
NE Code § 72-1259 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1259 - State investment officer; political subdivisions; assistance; fee.

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 and collect any fee he determines to be reasonable.Source  Laws 1969, c. 584, § 23, p. 2356.
NE Code § 72-1260 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1260 - Act, how cited.

72-1260.  Act, how cited.Sections 72-1237 to 72-1260 shall be known and may be cited as the Nebraska State Funds Investment Act.Source   Laws 1969, c. 584, § 132, p. 2432;   Laws 1994, LB 1066, § 74;   Laws 1996, LB 847, § 25.
NE Code § 72-1261 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1261 - Declaration of intent.

72-1261.  Declaration of intent.It is hereby declared that the lending of money is an activity which affects the economic conditions of the State of Nebraska, that Nebraska is a state short of sufficient capital to properly serve the needs of the state, especially the agricultural credit requirements and housing credit requirements, and that if additional funds are deposited into the commercial banking channels and capital stock financial institution or qualifying mutual financial institution channels the available capital will increase many times the amount of the initial deposit.Source   Laws 1978, LB 258, § 1;  Laws 2003, LB 175, § 2.