LB 264 Legislature · 109th Legislature (2025-2026)

Provide, change, and eliminate transfers from the Cash Reserve Fund and various other funds and change, terminate, and eliminate various statutory programs

Nebraska's LB 264 moves specific state funds into the General Fund to support broader state operations. The bill requires transferring $8.25 million from the State Insurance Fund, $25.5 million from the Military Installation Fund, and over $32 million from the Water Recreation Fund, among other specified amounts, by mid-2025 or 2026. These transfers affect state financial accounts, redirecting money from specialized funds like recreation, economic development, and medical spending programs. The bill also eliminates several programs and outdated provisions, but its primary action is reallocating existing state funds.

Bill status signed all 5 stages cleared

Introduction

Jan 2025

Committee Review

Legislature Passage

May 2025

Legislature Passage

May 2025

Signed into Law

May 2025

Introduced Jan 15, 2025 Signed May 27, 2025

Maddy AI version diff · 2 comparisons

What changed between versions

Introduced → Enrollment and Review ER77 · 5 edits

MODERATE

The bill was substantially rewritten to reorganize and clarify state fund transfers, consolidating multiple transfer provisions into a new structure. The core purpose remains transferring money from various state funds to the General Fund or other designated funds, but the amounts, sources, and timing have been updated and renumbered. This appears to be a budget reallocation measure that was amended during the enrollment and review process to correct errors or improve clarity.

Scope change

The bill's scope changed from a complex, multi-section original version to a streamlined structure with renumbered sections. The substantive scope of fund transfers remains similar, but the organization and specific amounts have been modified.

FISCAL

Multiple fund transfer amounts were changed, including $8,250,000 from State Insurance Fund, $1,000,000 from Flexible Spending Fund, $125,000 from Resource Recovery Fund, and various other transfers totaling different amounts than the original version.

Some fund transfers were reorganized, such as moving transfers from Military Installation Development and Support Fund to Site and Building Development Fund, and Economic Development Cash Fund transfers were modified.

New transfer provisions were added, including $2,000,000 from State Visitors Promotion Cash Fund and $4,000,000 from Motor Carrier Services System Replacement and Maintenance Fund.

Original provisions detailing repeal of specific statutes and elimination of various acts were removed in favor of a cleaner structure focused solely on fund transfers.

TIMELINE

Transfer deadlines were adjusted from June 30, 2025 to June 30, 2026 for most transfers, with some transfers occurring between July 1, 2025 and June 30, 2026.

Enrollment and Review ER77 → Final Reading · 7 edits

MODERATE

The bill was transitioned from an Enrollment and Review version to a Final Reading version, incorporating significant substantive changes to funding allocations and program provisions. Key modifications include renaming the Flexible Spending Fund to 'Flexible Spending Fund - Medical,' adding new program terminations and repeals, and adjusting transfer amounts and timing for various state funds. These changes reflect legislative decisions to modify how state money is distributed and which programs will continue or end.

Scope change

The bill's scope expanded to include provisions for terminating specific programs (Economic Opportunity Program, Biotechnology Development Cash Fund, Customized Job Training Act, Small Business Assistance Act, and Nebraska Nonprofit Security Grant Program Act) and repealing multiple obsolete sections of state law.

FISCAL

The Flexible Spending Fund was renamed to 'Flexible Spending Fund - Medical' in Section 2, clarifying the specific type of fund being transferred.

Section 7 was modified to change the transfer timing from 'on or after July 1, 2025, but before June 30, 2026' to align with other sections, and the fund name was updated to 'Flexible Spending Fund - Medical'.

SCOPE

New provisions were added to terminate several programs including the Economic Opportunity Program, Biotechnology Development Cash Fund, Customized Job Training Act, Small Business Assistance Act, and Nebraska Nonprofit Security Grant Program Act.

The bill was expanded to include provisions for eliminating obsolete provisions, harmonizing existing provisions, and providing operative dates for the changes.

The bill now includes provisions to provide for investment earnings, transfers, and uses of funds, and to change provisions relating to the Mayhew Cabin, Ferguson House, special education programs, and the Nebraska Transformational Projects Act.

New provisions were added to eliminate the Nebraska Nonprofit Security Grant Program Act and funds for broadband infrastructure projects.

TECHNICAL

The bill's header and introductory language were updated to reflect its status as a Final Reading version, with the sponsor changed from Guereca to Speaker Arch at the Governor's request.

Floor votes · Legislature May 7, 2025

How they voted

34–7

Passed · 8 other

Total votes 49

May 7, 2025

N Nonpartisan49

34 Yea 7 Nay 8

69% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

100

Key actions

Committee

Amendments

Jun 6, 2025

Introduced

Provisions/portions of LB451 amended into LB264 by AM835

legislature

Jun 6, 2025

Introduced

Provisions/portions of LB348 amended into LB264 by AM1389

legislature

May 27, 2025

Signed into law

Approved by Governor on May 21, 2025

executive

May 15, 2025

Legislature · Passed

President/Speaker signed

legislature

May 15, 2025

Legislature · Passed

Passed on Final Reading with Emergency Clause 35-13-1

legislature

May 12, 2025

Legislature · Passed

Clements FA222 adopted

legislature

May 12, 2025

Legislature · Passed

Sanders AM1403 adopted

legislature

May 12, 2025

Legislature · Passed

Clements AM1428 adopted

legislature

May 12, 2025

Legislature · Passed

Hallstrom AM1402 adopted

legislature

May 12, 2025

Legislature · Passed

Bosn AM1389 adopted

legislature

May 12, 2025

Legislature · Passed

Clements AM1396 adopted

legislature

May 12, 2025

Legislature · Passed

Enrollment and Review ER77 adopted

legislature

May 7, 2025

Legislature · Passed

Appropriations AM835 adopted

legislature

May 7, 2025

Legislature · Passed

Hughes AM1298 adopted

legislature

May 7, 2025

Legislature · Passed

Clements AM1300 adopted

legislature

1 primary · 0 co-sponsors