Nebraska § 72-816 - Vacant Building and Excess Land Cash Fund; created; use; investment; restrictions.
Full text of Nebraska Revised Statutes of Nebraska § 72-816 — Vacant Building and Excess Land Cash Fund; created; use; investment; restrictions., with citation guidance and answers to common questions.
§ 72-816. Vacant Building and Excess Land Cash Fund; created; use; investment; restrictions.
(1) The Vacant Building and Excess Land Cash Fund is created. The fund shall consist of proceeds credited to the fund pursuant to section 72-815. The fund shall be used to pay for the maintenance of vacant state buildings and excess state land and for expenses related to the disposal of state buildings and land referred to the department pursuant to sections 72-811 to 72-818. The fund shall be administered by the state building division of the department. Any money in the fund available for investment shall be invested by the state investment officer pursuant to the Nebraska Capital Expansion Act and the Nebraska State Funds Investment Act.
Funds may be transferred from the Vacant Building and Excess Land Cash Fund to the General Fund at the direction of the Legislature.
(2) If there are insufficient funds in the fund to enable the division to fully implement the orders issued pursuant to sections 72-811 to 72-818, the division shall implement them in the order which most efficiently meets the purposes of such sections.
(3) Funds appropriated to the Task Force for Building Renewal shall not be used to carry out any of the purposes of such sections (a) unless the building would otherwise qualify for the use of such funds pursuant to the Deferred Building Renewal Act and (b) except for any expenses incurred by the administrator of the Task Force for Building Renewal in fulfilling his or her duties under such sections.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 72-816
What does Revised Statutes of Nebraska § 72-816 cover?
Section 72-816 ("Vacant Building and Excess Land Cash Fund; created; use; investment; restrictions.") is part of the Revised Statutes of Nebraska, the codified statutory law of Nebraska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nebraska § 72-816?
A common citation format is "Revised Statutes of Nebraska § 72-816" (Nebraska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nebraska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nebraska official source linked on this page or consult a licensed Nebraska attorney.
How does Nebraska § 72-816 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nebraska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nebraska.