Nebraska § 85-124 - Temporary University Fund; source; use.
Full text of Nebraska Revised Statutes of Nebraska § 85-124 — Temporary University Fund; source; use., with citation guidance and answers to common questions.
§ 85-124. Temporary University Fund; source; use.
The Temporary University Fund shall consist of (1) the proceeds of investments of the permanent fund; (2) the rental of the university and agricultural college lands leased, and the interest upon deferred payments on sales of the lands aforesaid; (3) the rentals or income of lands or other property donated without particular objects or uses being specified; and (4) such sums as may be from time to time appropriated to the use of the university. All money accruing to this fund is hereby appropriated for the maintenance of the university, including buildings and permanent improvements, and the same may be applied by the Board of Regents to any and all university needs except the income from donations made for particular purposes, which income shall be used and applied as hereinbefore specified only.
One mill tax levy under former act was not repealed by revenue act of 1903. State ex rel. Ledwith v. Searle, 79 Neb. 111, 112 N.W. 380 (1907).
Frequently Asked Questions About Nebraska § 85-124
What does Revised Statutes of Nebraska § 85-124 cover?
Section 85-124 ("Temporary University Fund; source; use.") 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 § 85-124?
A common citation format is "Revised Statutes of Nebraska § 85-124" (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 § 85-124 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.