Nebraska § 14-504 - Funds; separate accounts required; apportionment of income to each.
Full text of Nebraska Revised Statutes of Nebraska § 14-504 — Funds; separate accounts required; apportionment of income to each., with citation guidance and answers to common questions.
§ 14-504. Funds; separate accounts required; apportionment of income to each.
As soon as the apportionment of funds has been made pursuant to sections 14-501 and 14-502, the department of finance shall open an account with each such fund authorized to be established by sections 14-501 and 14-502 and shall place a credit to each such fund of ninety percent of the tax levy apportioned to it. Thereafter the department of finance shall credit such funds pro rata with money coming to the city from taxation and other sources which are applicable to current expense purposes until all such credits shall equal one hundred percent of such apportionment. Such pro rata credits in excess of ninety percent shall not apply to the miscellaneous expense fund, but the miscellaneous expense fund shall be credited with all money collected and applicable to current expense purposes after the other funds have received the full one hundred percent of their appropriation.
When city council has good reason to believe that funds apportioned to a department would be exhausted, it is within the right of the city to suspend an employee of the department, but city cannot, in addition to suspension, arbitrarily deduct additional sums from salary. Bishop v. City of Omaha, 130 Neb. 162, 264 N.W. 447 (1936).
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 14-504
What does Revised Statutes of Nebraska § 14-504 cover?
Section 14-504 ("Funds; separate accounts required; apportionment of income to each.") 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 § 14-504?
A common citation format is "Revised Statutes of Nebraska § 14-504" (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 § 14-504 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.