Nebraska § 81-1230 - Rural Workforce Housing Investment Fund; created; use; investment; return of grant funds; when required.
Full text of Nebraska Revised Statutes of Nebraska § 81-1230 — Rural Workforce Housing Investment Fund; created; use; investment; return of grant funds; when required., with citation guidance and answers to common questions.
§ 81-1230. Rural Workforce Housing Investment Fund; created; use; investment; return of grant funds; when required.
(1) The Rural Workforce Housing Investment Fund is created. Funding for the grant program described in section 81-1229 shall come from the Rural Workforce Housing Investment Fund. The Rural Workforce Housing Investment Fund shall receive money pursuant to section 76-903 and may include revenue from appropriations from the Legislature, grants, private contributions, and other sources. Transfers may be made from the fund to the Affordable Housing Trust Fund at the direction of the Legislature. Any money in the Rural Workforce Housing Investment 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.
(2) The department shall administer the Rural Workforce Housing Investment Fund and may seek additional private or nonstate funds to use in the grant program, including, but not limited to, contributions from the Nebraska Investment Finance Authority and other interested parties.
(3) Interest earned by the department on grant funds shall be applied to the grant program.
(4) If a nonprofit development organization fails to engage in the initial qualified activity within twenty-four months after receiving initial grant funding, the nonprofit development organization shall return the grant funds to the department for credit to the General Fund.
(5) If a nonprofit development organization fails to allocate any remaining initial grant funding on a qualified activity within twenty-four months after engaging in the initial qualified activity, the nonprofit development organization shall return such unallocated grant funds to the department for credit to the Rural Workforce Housing Investment Fund.
(6) Beginning July 1, 2032, any funds held by the department in the Rural Workforce Housing Investment Fund shall be transferred to the General Fund.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 81-1230
What does Revised Statutes of Nebraska § 81-1230 cover?
Section 81-1230 ("Rural Workforce Housing Investment Fund; created; use; investment; return of grant funds; when required.") 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 § 81-1230?
A common citation format is "Revised Statutes of Nebraska § 81-1230" (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 § 81-1230 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.