Neb. Rev. Stat. §§ 85-1813

Current with changes through the 2024 First Special Legislative Session
Section 85-1813 - Assets of trust; how treated

The assets of the Nebraska educational savings plan trust, including the program fund and excluding the administrative fund and the expense fund, shall at all times be preserved, invested, and expended solely and only for the purposes of the trust and shall be held in trust for the participants and beneficiaries. No property rights in the trust shall exist in favor of the state. Assets of the trust, including the program fund, the administrative fund, and the expense fund, shall not be transferred or used by the state for any purposes other than the purposes of the trust.

Neb. Rev. Stat. §§ 85-1813

Laws 2000, LB 1003, § 13; Laws 2010, LB 197, § 7; Laws 2019, LB 52, § 3.
Amended by Laws 2019, LB 52,§ 3, eff. 9/1/2019.