Establishes the Research Excellence Cash Fund for research investments in Nebraska.
Nebraska LB595 creates the Research Excellence Cash Fund, administered by the University of Nebraska. The fund consists of gifts, grants, bequests, and authorized transfers. It supports research-based investments in data, data collection, and ongoing research critical to the Nebraska economy, including the Nebraska Mesonet system. Available funds are invested by the state investment officer under the Nebraska Capital Expansion Act and the Nebraska Funds Investment Act. The bill declares an emergency, taking effect upon passage and approval.
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