Nebraska § 81-1107.05 - Director of Administrative Services; interfund borrowing; powers and duties.
Full text of Nebraska Revised Statutes of Nebraska § 81-1107.05 — Director of Administrative Services; interfund borrowing; powers and duties., with citation guidance and answers to common questions.
§ 81-1107.05. Director of Administrative Services; interfund borrowing; powers and duties.
(1) The Director of Administrative Services may initiate interfund borrowing among the various revolving funds within the Department of Administrative Services, except that at no time shall the aggregate advances from all lending funds exceed five hundred thousand dollars.
(2) The director shall report to the budget administrator of the budget division of the department and the Legislative Fiscal Analyst:
(a) The amount of each interfund loan processed or repaid and the date of the transaction; and
(b) An explanation of each interfund loan transaction.
The report submitted to the Legislative Fiscal Analyst shall be submitted electronically.
(3) By July 15 each year, the director shall report to the budget administrator and the Legislative Fiscal Analyst the:
(a) Outstanding aggregate balances advanced from the respective revolving funds within the department as of the preceding June 30; and
(b) Outstanding aggregate balances borrowed by each fund from the respective revolving funds within the department as of the preceding June 30.
The report submitted to the Legislative Fiscal Analyst shall be submitted electronically.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 81-1107.05
What does Revised Statutes of Nebraska § 81-1107.05 cover?
Section 81-1107.05 ("Director of Administrative Services; interfund borrowing; powers and duties.") 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 § 81-1107.05?
A common citation format is "Revised Statutes of Nebraska § 81-1107.05" (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 § 81-1107.05 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.