LB788

Nebraska LB788 shifts the administration of the Financial Fraud Victims' Reimbursement Fund from the Attorney General to the Nebraska State Patrol.

Nebraska LB788 amends the administration of the Financial Fraud Victims' Reimbursement Fund, transferring its oversight from the Attorney General to the Nebraska State Patrol. Victims of financial transaction offenses can apply for reimbursement from the fund, which consists of assets forfeited from such offenses. The Nebraska State Patrol will determine eligibility and the extent of reimbursement, distributing funds on a pro rata basis if necessary. The fund remains active for 36 months or until all applications are resolved, after which remaining funds are remitted to the State Treasurer.