Provide, change, and eliminate provisions relating to funds

Legislative Bill 3 directs the State Treasurer to transfer $6.5 million from the Health and Human Services Cash Fund to the General Fund by June 30, 2025, based on instructions from the budget administrator. The bill also creates a new Financial Institution Assessment Cash Fund to manage fees collected from financial institutions, with any investment earnings from this fund going to the General Fund starting in October 2024. Additionally, the legislation updates the Securities Act of Nebraska to clarify the roles of the Director of Banking and Finance and the Director of Insurance in administering securities and insurance company bonds. These changes also include provisions allowing the director to share information with other government officials and adopt new rules to protect investors and ensure regulatory uniformity.