Rep. Rob Clements

Maddy summaryThis bill, known as the omnibus appropriations act, allocates state funds to various government agencies and programs for the 2023-2024 and 2024-2025 fiscal years. It establishes specific budget limits for employee salaries, wages, and per diems, while also defining how unspent money from previous years is carried over to the current budget. The legislation amends existing laws to clarify financial terms and outlines the process for agencies to request additional funds based on federal grants or specific employee leave payments. Ultimately, the bill provides the necessary financial resources to keep state operations running and sets the spending caps that agencies must follow during the biennium.

Maddy summaryLegislative 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.

Maddy summaryThis bill updates the budget for the Legislative Council's Legislative Services program for the 2023-24 and 2024-25 fiscal years by adjusting specific dollar amounts for general and cash funds. It includes a provision to allocate $75,000 from the Nebraska Health Care Cash Fund to support health-related research and policy development conducted by the Legislature's Health and Human Services Committee. The allocated money can be used for hiring temporary research staff, contracting for consulting services, covering necessary expenses, and reimbursing travel for committees working on health policy. Additionally, the bill reappropriates any unused general funds from the end of the previous fiscal year to ensure they remain available for use.

Maddy summaryThis bill updates the rules for Nebraska's Cash Reserve Fund, a state treasury account managed by the State Treasurer designed to hold money for future needs. It establishes specific amounts that must be moved into and out of the fund between 2023 and 2025 to support various programs, including school safety, public safety communications, economic recovery, and infrastructure projects. The legislation also sets a minimum balance requirement of $500 million before any money can be taken from the reserve to pay for property tax incentives. Additionally, the bill clarifies when the State Treasurer can transfer funds to the General Fund if cash shortages occur and includes a provision to reverse those transfers once funds are replenished.

Maddy summaryThis legislative resolution directs the Nebraska Revenue Committee to conduct a study on how counties can adjust their funding and cut costs to replace money lost when the state inheritance tax is phased out by 2029. The study will specifically look at removing unnecessary county requirements, identifying current revenue sources other than property taxes, and finding ways to modify existing revenue streams. The goal is to ensure counties have enough money to perform their duties while the state simplifies its tax structure. The committee is required to submit its findings and recommendations to the Legislature once the review is complete.