Nebraska § 85-1656 - Tuition Recovery Cash Fund; assessment; board; powers and duties.
Full text of Nebraska Revised Statutes of Nebraska § 85-1656 — Tuition Recovery Cash Fund; assessment; board; powers and duties., with citation guidance and answers to common questions.
§ 85-1656. Tuition Recovery Cash Fund; assessment; board; powers and duties.
(1) The board shall annually assess each private postsecondary career school one-tenth of one percent of the prior school year's gross tuition revenue until the Tuition Recovery Cash Fund reaches the minimum fund level. The fund shall be maintained at a minimum of two hundred fifty thousand dollars and a maximum of five hundred thousand dollars. At any time when the fund drops below the minimum level, the board may resume the assessment. Funds in excess of the maximum level shall be used as directed by the board to provide grants or scholarships for students attending private postsecondary career schools.
(2) The board shall require documentation from each private postsecondary career school to verify the tuition revenue collected by the school and to determine the amount of the assessment under this section.
(3) Any private postsecondary career school applying for authorization to operate from the commissioner or any other agency after September 9, 1993, shall not be assessed under this section for the first year of operation but shall be assessed each year thereafter for four years or until the fund reaches the minimum level required by this section, whichever occurs last, and shall maintain the surety bond or other security required by section 85-1639 until such time.
(4) The authorization to operate of any private postsecondary career school which fails to comply with this section shall be subject to revocation.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 85-1656
What does Revised Statutes of Nebraska § 85-1656 cover?
Section 85-1656 ("Tuition Recovery Cash Fund; assessment; board; 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 § 85-1656?
A common citation format is "Revised Statutes of Nebraska § 85-1656" (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 § 85-1656 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.