Nebraska § 85-328 - State College Capital Improvement Fee Fund; created; use; investment.
Full text of Nebraska Revised Statutes of Nebraska § 85-328 — State College Capital Improvement Fee Fund; created; use; investment., with citation guidance and answers to common questions.
§ 85-328. State College Capital Improvement Fee Fund; created; use; investment.
The State College Capital Improvement Fee Fund is created. Revenue credited to the fund shall include amounts generated through assessment of a capital improvement fee under the authority of the Board of Trustees of the Nebraska State Colleges. Amounts accumulated in the fund are authorized to be expended for the purpose of paying the cost of capital improvement projects approved by the board of trustees for any facilities on campuses or lands owned or controlled by the board, except that no such amounts shall be expended for capital improvement projects relating to facilities from which revenue is derived and pledged for the retirement of revenue bonds issued under sections 85-403 to 85-411. All money accruing to the fund is appropriated to the board of trustees and shall be used for capital improvement projects authorized by the board. No expenditure may be made from the fund without prior approval by a resolution of the board of trustees. Any money in the 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. All revenue, fund balances, and expenditures shall be recorded in the Nebraska State Accounting System.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 85-328
What does Revised Statutes of Nebraska § 85-328 cover?
Section 85-328 ("State College Capital Improvement Fee Fund; created; use; investment.") 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 § 85-328?
A common citation format is "Revised Statutes of Nebraska § 85-328" (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 § 85-328 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.