Section 137-2-002 - RECEIPT OF GIFTS, GRANTS, BEQUESTS, ROYALTIES AND DONATIONS002.01 The Board may accept any gift, grant, bequest, royalty, or donation specifically designated for restricted purposes or projects which fall within the scope and purpose of the Nebraska Environmental Trust Act, except that the Board will not accept title to or legal interest in real property. The Board may establish a dollar value below which it will not accept specifically designated gifts. The Board may refuse any gift, grant, quest, royalty, or donation at its sole discretion. The Board shall seek approval by the Governor of any gift or bequest of personal property in excess of $10,000.00.002.02 The Board may establish policies for the management of assets credited to the Funds subject to provisions of statute. Before adopting such policies, the Board shall hold at least one public meeting where the public is offered the opportunity to comment on the policies.002.03 Gifts of cash, including bank notes, checks, money orders, currency or other legal tender, will be credited to the Fund designated by the donor, if any. If the donor does not designate a Fund, the gift will be credited to the Endowment Fund.002.04 The value of gifts, other than cash, will be credited to the Fund designated by the donor, if any. If the donor does not designate a fund, the gift will be credited to the Endowment Fund.002.05 The Executive Director, on behalf of the Trust, may accept any gift of cash broadly designated for the purposes of the Trust. The Executive Director will not accept any specifically designated or restricted gift of cash or any gift other than cash without prior approval of the Board or a committee designated by the Board to act in its stead.137 Neb. Admin. Code, ch. 2, § 002
Amended effective 5/8/2018Amended effective 8/12/2023