reglab/housing_qa huggingface dataset:
NE Code § 72-1262 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1262 - Terms, defined.

72-1262.  Terms, defined.For purposes of the Nebraska Capital Expansion Act, unless the context otherwise requires:(1) Bank means a state-chartered or federally chartered bank which has a main chartered office in this state, any branch thereof in this state, or any branch in this state of a state-chartered or federally chartered bank which maintained a main chartered office in this state prior to becoming a branch of such state-chartered or federally chartered bank;(2) Capital stock financial institution means a capital stock state building and loan association, a capital stock federal savings and loan association, a capital stock federal savings bank, or a capital stock state savings bank, which has a main chartered office in this state, any branch thereof in this state, or any branch in this state of a capital stock financial institution which maintained a main chartered office in this state prior to becoming a branch of such capital stock financial institution;(3) Time deposit open account means a bank account or a deposit with a capital stock financial institution or a qualifying mutual financial institution with respect to which there is in force a written contract which provides that neither the whole nor any part of such deposit may be withdrawn, by check or otherwise, prior to the date of maturity, which date shall be not less than thirty days after the date of the deposit, or prior to the expiration of the period of notice which shall be given by the state investment officer in writing not less than thirty days in advance of withdrawal. The time deposit open account contract shall be uniform and shall be furnished by the state investment officer to each bank, capital stock financial institution, or qualifying mutual financial institution for execution;(4) Funds available for investment means all funds over which the state investment officer has investment jurisdiction less those funds necessary for operations and except those funds which are eligible for long-term investment; and(5) Qualifying mutual financial institution has the same meaning as in section 77-2365.01.Source   Laws 1978, LB 258, § 2;   Laws 1985, LB 614, § 1;   Laws 1992, LB 757, § 23;   Laws 1997, LB 275, § 1;  Laws 2002, LB 957, § 25;  Laws 2003, LB 175, § 3;  Laws 2004, LB 999, § 43.
NE Code § 72-1263 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1263 - State investment officer; time deposit open account; conditions.

72-1263.  State investment officer; time deposit open account; conditions.Except as provided in section 72-1264, the state investment officer shall, out of funds available for investment, initially cause to be offered to all banks, capital stock financial institutions, and qualifying mutual financial institutions in this state a time deposit open account in the amount of one million dollars, except that the minimum amount that any bank, capital stock financial institution, or qualifying mutual financial institution may accept is the amount of one hundred thousand dollars. Such deposit shall be available at any investment date to such banks, capital stock financial institutions, or qualifying mutual financial institutions as are willing to meet the rate and other requirements set forth in the Nebraska Capital Expansion Act and make application therefor. No deposit shall be made when doing so would violate a fiduciary obligation of the state or section 72-1268.07. To the extent that the total amount of funds initially offered to all banks, capital stock financial institutions, and qualifying mutual financial institutions is not accepted by such banks, capital stock financial institutions, and qualifying mutual financial institutions, the balance of such funds shall be immediately reoffered to any banks, capital stock financial institutions, and qualifying mutual financial institutions desiring additional funds in an amount not to exceed each bank's, capital stock financial institution's, or qualifying mutual financial institution's pro rata share of the remaining funds, or fifteen million dollars for each bank, capital stock financial institution, or qualifying mutual financial institution, whichever is less. The reoffered funds shall be made available to such banks, capital stock financial institutions, and qualifying mutual financial institutions as are willing to meet the rate and other requirements set forth in the Nebraska Capital Expansion Act. All funds not investable under this section shall be invested as provided by section 72-1246. No one bank, capital stock financial institution, or qualifying mutual financial institution may receive for deposit a sum of more than sixteen million dollars.Source   Laws 1978, LB 258, § 3;   Laws 1985, LB 614, § 2;   Laws 1990, LB 1146, § 3;  Laws 2000, LB 932, § 35;  Laws 2002, LB 957, § 26;  Laws 2003, LB 175, § 4;  Laws 2014, LB759, § 20;  Laws 2017, LB94, § 1.
NE Code § 72-1264 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1264 - Funds; when offered; time deposit open account; state investment officer; powers.

72-1264.  Funds; when offered; time deposit open account; state investment officer; powers.Funds shall be offered for deposit as they become available. The time of such deposit shall be known as an investment date. The state investment officer may make prudent interim investments. If the funds available for investment are less than the amount required for banks, capital stock financial institutions, or qualifying mutual financial institutions under section 72-1263, the state investment officer shall prorate the available funds among the desiring banks, capital stock financial institutions, or qualifying mutual financial institutions.Source   Laws 1978, LB 258, § 4;  Laws 2000, LB 932, § 36;  Laws 2002, LB 957, § 27;  Laws 2003, LB 175, § 5.
NE Code § 72-1265 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1265 - State investment officer; deposits; fix interest rate and term; legislative intent.

72-1265.  State investment officer; deposits; fix interest rate and term; legislative intent.The state investment officer shall fix the rate of interest to be paid on deposits and the term of deposits to be offered on the first day of each month. The rate per annum for each period shall be equal to the interest rate paid for other qualified investments of equal term available for investment by the state investment officer. It is the Legislature's intent that the state receive a competitive rate from Nebraska banks, capital stock financial institutions, and qualifying mutual financial institutions, but that rates received should not exceed the rates that would be paid for other qualified investments.Source   Laws 1978, LB 258, § 5;  Laws 2003, LB 175, § 6.
NE Code § 72-1266 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1266 - Nebraska Investment Council; adopt rules and regulations.

72-1266.  Nebraska Investment Council; adopt rules and regulations.The Nebraska Investment Council shall adopt and promulgate rules and regulations to establish procedures for the distribution of funds to banks, capital stock financial institutions, and qualifying mutual financial institutions.Source   Laws 1978, LB 258, § 6;  Laws 2002, LB 957, § 28;  Laws 2003, LB 175, § 7.
NE Code § 72-1267 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1267 - State investment officer; combine and pool investable funds; when; prorate interest.

72-1267.  State investment officer; combine and pool investable funds; when; prorate interest.For purposes of investment under the Nebraska Capital Expansion Act, the state investment officer shall combine and pool all investable funds of all state agencies subject to his or her investment powers except when doing so would violate a fiduciary obligation of the state. The interest earned on any pooled investment shall be prorated in accordance with the participation of the respective funds.Source   Laws 1978, LB 258, § 7;   Laws 1985, LB 614, § 3.
NE Code § 72-1268 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1268 - Depositories; eligibility for funds; bond or bond alternatives.

72-1268.  Depositories; eligibility for funds; bond or bond alternatives.(1) Notwithstanding any other provision of law, every bank, capital stock financial institution, and qualifying mutual financial institution shall be eligible for the maximum investment provided for in section 72-1263. The bank, capital stock financial institution, or qualifying mutual financial institution shall give a bond or, in lieu of a bond, may give security for any investment under the Nebraska Capital Expansion Act as provided in sections 72-1268.01 to 72-1268.04. Any bank, capital stock financial institution, or qualifying mutual financial institution may apply for the privilege of keeping on deposit such funds.(2)(a) Every bank, capital stock financial institution, and qualifying mutual financial institution shall, as a condition of accepting state funds, agree to cash free of charge state warrants which are presented by payees of the state without regard to whether or not such payee has an account with such bank, capital stock financial institution, or qualifying mutual financial institution, and such bank, capital stock financial institution, or qualifying mutual financial institution shall not require such payee to place his or her fingerprint or thumbprint on the state warrant as a condition to cashing such warrant.(b) The condition of accepting state funds in subdivision (2)(a) of this section shall not preclude any bank, capital stock financial institution, or qualifying mutual financial institution from refusing to cash a state warrant presented to the bank, capital stock financial institution, or qualifying mutual financial institution if (i) a stop-payment order has been placed on the state warrant, (ii) the state warrant has been reported as unregistered, voided, lost, stolen, or destroyed or a duplicate state warrant has been issued in its place, (iii) the state warrant is incomplete or is forged or altered in any manner, (iv) the state warrant lacks any necessary indorsement or an indorsement is illegible, unauthorized, or forged, (v) the state warrant is stale-dated, or (vi) the bank, capital stock financial institution, or qualifying mutual financial institution has a reasonable belief that the individual presenting the state warrant is not the payee named on the state warrant.Source   Laws 1978, LB 258, § 8;   Laws 1985, LB 614, § 4;   Laws 1996, LB 1274, § 24;  Laws 1999, LB 217, § 1;  Laws 2003, LB 175, § 8.
NE Code § 72-1268.01 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1268.01 - Funds deposited; bond; requirements.

72-1268.01.  Funds deposited; bond; requirements.For the security of funds deposited under the Nebraska Capital Expansion Act, the state investment officer shall require all such depositories to give bond for the safekeeping of payments of such deposits. The officers of the bank, capital stock financial institution, or qualifying mutual financial institution seeking to qualify as a depository shall be ineligible to sign the bond provided for under this section. The bond shall run to the people of the State of Nebraska and shall be approved by the Governor, Secretary of State, and Attorney General. No bond shall be valid unless approved by all three of such officers. The bond shall be conditioned (1) that the depository at the end of each and every month render to the state investment officer a statement in duplicate showing the daily balance and the amount of money of the state held by it during the month, (2) for the payment of the deposit when demanded by the state investment officer on his or her check at any time, and (3) generally to do and perform whatever may be required by the Nebraska Capital Expansion Act and a faithful discharge of the trust reposed in such depository.Source   Laws 1985, LB 614, § 6;  Laws 2003, LB 175, § 9.
NE Code § 72-1268.02 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1268.02 - Bond; form.

72-1268.02.  Bond; form.The bond referred to in section 72-1268.01 shall be in substance as follows:Know all Persons by these Presents, That we .......... as principals, and .......... as sureties, are held and firmly bound unto the State of Nebraska, in the just and full sum of .......... Dollars, for the payment of which, well and truly to be made, we bind ourselves, our heirs, executors, and administrators, jointly and severally, by these presents. Dated the .......... day of .................... A.D. ................ .Whereas, such bank, capital stock financial institution, or qualifying mutual financial institution, in consideration of the deposit of certain of the money of the State of Nebraska for safekeeping with and in the .......... bank, capital stock financial institution, or qualifying mutual financial institution of .......... the amount whereof shall be subject to withdrawal or diminution by the state investment officer as the requirements of the state shall demand, and which amount may be increased or decreased as the state investment officer may determine.Now, Therefor, if such .................... bank, capital stock financial institution, or qualifying mutual financial institution of ........................... shall at the end of every month render to the state investment officer a statement in duplicate showing the daily balance of the state money held by it during the month next preceding, and how the same has been credited, and shall well and truly keep all such sums of money so deposited or to be deposited as aforesaid subject to the check and order of the state investment officer as aforesaid, and shall pay over the same, and each and every part thereof, upon the written demand of the state investment officer, and to his or her successor in office as shall be by him or her demanded, and shall in all respects save and keep the people of the State of Nebraska and the state investment officer harmless and indemnified for and by reason of the making of such deposit or deposits, then this obligation shall be void and of no effect, otherwise to be and remain in full force and virtue.Source   Laws 1985, LB 614, § 7;  Laws 2003, LB 175, § 10.
NE Code § 72-1268.03 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1268.03 - State investment officer; limitation on deposits.

72-1268.03.  State investment officer; limitation on deposits.The state investment officer shall not have on deposit in any bank, capital stock financial institution, or qualifying mutual financial institution giving a guaranty bond more than the amount insured or guaranteed by the Federal Deposit Insurance Corporation plus the maximum amount of the bond given by such bank, capital stock financial institution, or qualifying mutual financial institution or in any bank, capital stock financial institution, or qualifying mutual financial institution giving a personal bond more than the amount insured or guaranteed by the Federal Deposit Insurance Corporation plus one-half of the amount of the bond given by such bank, capital stock financial institution, or qualifying mutual financial institution. All bonds of such depositories shall be deposited with and held by the state investment officer.Source   Laws 1985, LB 614, § 8;   Laws 1992, LB 757, § 24;  Laws 2002, LB 957, § 29;  Laws 2003, LB 175, § 11;  Laws 2009, LB259, § 13.
NE Code § 72-1268.04 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1268.04 - Depository; bond alternatives; requirements.

72-1268.04.  Depository; bond alternatives; requirements.In lieu of the bond required by section 72-1268.01, any bank, capital stock financial institution, or qualifying mutual financial institution making application to become a depository under the Nebraska Capital Expansion Act may give security as provided in the Public Funds Deposit Security Act to the state investment officer.Source   Laws 1985, LB 614, § 9;   Laws 1989, LB 33, § 30;   Laws 1989, LB 377, § 11;   Laws 1996, LB 1274, § 25;  Laws 2003, LB 175, § 12.  Cross References  Public Funds Deposit Security Act, see section 77-2386.
NE Code § 72-1268.07 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1268.07 - Subsidiary bank of out-of-state bank holding company; filing required; deposit of public funds; restriction; applicability and construction of section.

72-1268.07.  Subsidiary bank of out-of-state bank holding company; filing required; deposit of public funds; restriction; applicability and construction of section.(1) Each subsidiary bank of an out-of-state bank holding company shall file with the state investment officer a copy of the public section of the subsidiary bank's most current written evaluation issued pursuant to the terms of section 807 of the Community Reinvestment Act of 1977, as amended, 12 U.S.C. 2906. The copy shall be filed with the state investment officer within thirty days of receipt of the evaluation from the subsidiary bank's primary appropriate federal financial supervisory agency.(2) On and after January 1, 1992, the state investment officer shall not further deposit or redeposit public funds as authorized by section 72-1263 in any subsidiary bank of an out-of-state bank holding company which has been assigned, by its primary appropriate federal financial supervisory agency, a rating of substantial noncompliance in meeting community credit needs. Upon the filing with the state investment officer of a copy of an updated written evaluation which reflects that the subsidiary bank is no longer assigned such rating, the subsidiary bank shall immediately be eligible for further deposit or redeposit of public funds as authorized by such section.(3) For purposes of this section, bank holding company shall have the meaning provided in 12 U.S.C. 1841 as it exists on April 7, 1990, and appropriate federal financial supervisory agency shall have the meaning provided in 12 U.S.C. 2902 as it exists on such date.(4) This section shall not apply to any subsidiary bank of an out-of-state bank holding company, as defined in 12 U.S.C. 1842(d) as it existed on August 26, 1983, which on March 12, 1963, owned at least two banks in this state.(5) This section shall not be construed or interpreted in any manner to be a condition precedent to the acquisition or control of a bank in this state by an out-of-state bank or out-of-state bank holding company.Source  Laws 1990, LB 1146, § 2.
NE Code § 72-1269 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1269 - Act, how cited.

72-1269.  Act, how cited.Sections 72-1261 to 72-1269 shall be known and may be cited as the Nebraska Capital Expansion Act.Source   Laws 1978, LB 258, § 9;   Laws 1985, LB 614, § 5;   Laws 1990, LB 1146, § 4.
NE Code § 72-1277 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1277 - Legislative findings.

72-1277.  Legislative findings.The Legislature finds that:(1) The Nebraska Investment Council was created by the Legislature in Laws 1967, LB 335. Additional legislation was passed in Laws 1969, LB 1345, which provided for centralization of the investment of state funds and addressed types of authorized investments and since then the statutory framework of the council has been modified periodically by the Legislature;(2) The laws of Nebraska provide that the appointed members of the council and the state investment officer are deemed fiduciaries with respect to investment of the assets (a) in the retirement systems, the achieving a better life experience program pursuant to sections 77-1401 to 77-1409, and the Nebraska educational savings plan trust and as fiduciaries are required to discharge their duties with respect to such assets solely in the best interest of the members and beneficiaries of such plans and (b) of other state funds solely in the best interest of the residents of Nebraska;(3) As fiduciaries, the appointed members of the council and the officer must act with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of like character with like aims by diversifying the investments of assets in the various plans so as to minimize the risk of large losses;(4) The council managed over fifteen billion three hundred million dollars of assets as of September 30, 2007. Those assets have quadrupled since 1995. The assets managed by the council produced almost one billion five hundred million dollars in investment earnings in 2006 and almost seven billion dollars of investment earnings since December 31, 1995;(5) The council has the responsibility of the management of portfolios for over thirty state entities. The financial markets and investment strategies that must be employed to achieve satisfactory returns have become more complex and the best practices of similar state government investment agencies have evolved since the creation of the council; and(6) Pursuant to section 72-1249.02, the operating costs of the council are charged to the income of each fund managed by the council, and such charges are transferred to the State Investment Officer's Cash Fund. Management, custodial, and service costs that are a direct expense of state funds are paid from the income of such funds.Source  Laws 2008, LB1147, § 17;  Laws 2019, LB33, § 2.
NE Code § 72-1278 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1278 - Nebraska Investment Council; comprehensive review of council; contract.

72-1278.  Nebraska Investment Council; comprehensive review of council; contract.The Nebraska Investment Council shall enter into a contract with a qualified independent organization familiar with similar state investment offices to complete a comprehensive review of the current statutory, regulatory, and organizational situation of the council, review best practices of similar state investment offices, and make recommendations to the council, the Governor, and the Legislature for changes needed to ensure that the council has adequate authority to independently execute its fiduciary responsibilities to the members and beneficiaries of the retirement systems, the achieving a better life experience program pursuant to sections 77-1401 to 77-1409, and the Nebraska educational savings plan trust and the residents of Nebraska with regards to other state funds. The recommendations submitted to the Legislature shall be submitted electronically.Source  Laws 2008, LB1147, § 18;  Laws 2012, LB782, § 131;  Laws 2019, LB33, § 3.
NE Code § 72-1301 (2021)
2021 Nebraska Revised Statutes|Chapter 72 - Public Lands, Buildings, and Funds|72-1301 - Farm land, defined; nonfarm land; designation.

72-1301.  Farm land, defined; nonfarm land; designation.As used in sections 72-1301 to 72-1305, unless the context otherwise requires, farm land shall mean land suitable for cultivation or grazing and devoted primarily to such purposes for a profit. Land suitable for cultivation or grazing acquired or owned by any entity of the state and devoted primarily to other public uses may administratively be designated as nonfarm land.Source  Laws 1967, c. 461, § 1, p. 1431.