82-332. Nebraska Arts and Humanities Cash Fund; created; use; investment.
(1) The Nebraska Arts and Humanities Cash Fund is created. The fund shall consist of all funds credited from the Nebraska Cultural Preservation Endowment Fund pursuant to section 82-331. The Nebraska Arts Council shall administer and distribute the Nebraska Arts and Humanities Cash Fund. The Nebraska Arts Council may, through the end of fiscal year 2019-20, use up to thirty thousand dollars annually to defray costs directly related to the administration of sections 82-330 to 82-333. Beginning in fiscal year 2020-21 and each fiscal year thereafter, the Nebraska Arts Council may use from the Nebraska Arts and Humanities Cash Fund an amount equivalent to one-half of one percent of the balance of the Nebraska Cultural Preservation Endowment Fund to defray costs directly related to the administration of sections 82-330 to 82-333. The annual calculation of the administrative-costs limit shall be carried out in conjunction with the budget division of the Department of Administrative Services. The calculation shall be carried out no later than September 10 of each fiscal year and shall be based upon the balance of the Nebraska Cultural Preservation Endowment Fund as it existed on June 30 of the previous year. Expenditures designated as administrative costs shall not be subject to the private matching fund requirements set forth in subsection (2) of this section.
(2) All disbursements from the Nebraska Arts and Humanities Cash Fund that are to support arts and humanities projects, endowments, or programs shall be matched dollar-for-dollar by sources other than state funds. The match funds shall be new money generated for endowments established by the Nebraska Arts Council or Nebraska Humanities Council or qualified endowments of their constituent organizations, new money generated as a result of seed grants to recipients, or new money generated by the Nebraska Arts Council or Nebraska Humanities Council for arts or humanities education. Matching funds shall also include earnings generated by qualified private endowments formed in accordance with this section. For purposes of this section, new money means a contribution to a qualified endowment generated after July 1, 2011. Contributions not fully matched by state funds shall be carried forward to succeeding years and remain available to provide a dollar-for-dollar match for state funds. For an endowment to be a qualified endowment (a) the endowment must meet the standards set by the Nebraska Arts Council or Nebraska Humanities Council, (b) the endowment must be intended for long-term stabilization of the organization, and (c) the funds of the endowment must be endowed and only the earnings thereon expended. An organization is a constituent organization if it receives funding from the Nebraska Arts Council or Nebraska Humanities Council and is tax exempt under section 501 of the Internal Revenue Code. The match funds required by this section shall not include in-kind contributions. The budget division of the Department of Administrative Services shall approve allotment and disbursement of funds from the Nebraska Arts and Humanities Cash Fund that are governed by this subsection only to the extent the Nebraska Arts Council has provided documentation of the dollar-for-dollar match required by this section. Funds from the Nebraska Arts and Humanities Cash Fund may be used for the purpose of obtaining challenge grants from the National Endowment for the Humanities or the National Endowment for the Arts.
(3) Rules and regulations of the Nebraska Arts Council shall provide that the ultimate use of disbursements from the Nebraska Arts and Humanities Cash Fund authorized under subsection (2) of this section shall be in a ratio of seventy percent to projects, endowments, or programs designated by the Nebraska Arts Council and thirty percent to projects, endowments, or programs designated by the Nebraska Humanities Council.
(4) 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.
Source
Cross References
Structure Nebraska Revised Statutes
Chapter 82 - State Culture and History
82-102 - Nebraska State Historical Society; reports; contents.
82-103 - Nebraska State Historical Society; publications.
82-104 - Nebraska State Historical Society; public documents, records, relics; custodian.
82-106 - Nebraska State Historical Society; public documents, records, relics; notice to be given.
82-108 - Nebraska State Historical Society; documents and records; certified copies; fees.
82-108.02 - Historical Society Fund; created; use; investment.
82-111 - Historical monuments; defacing prohibited; penalty.
82-112 - Pioneers' Memorial Day.
82-114 - Kennard home; Nebraska Statehood Memorial; designated.
82-115 - Nebraska Statehood Memorial; Nebraska State Historical Society; restoration.
82-118 - Nebraska State Historical Society; statewide historic survey; acceptance of federal act.
82-119 - Nebraska State Historical Society; powers and duties.
82-129 - Nebraska State Historical Society; transfer property to Willa Cather Foundation.
82-130 - Willa Cather; real property; legal description.
82-131 - George Norris House; designated.
82-132 - George Norris House; Nebraska State Historical Society; powers and duties.
82-134 - Transferred to section 72-1802.
82-136 - Transferred to section 72-1801.
82-137 - Willa Cather; legislative findings and declarations.
82-138 - Willa Cather Historical Building Cash Fund; created; use; investment.
82-139 - Support Nebraska History Cash Fund; created; use; investment.
82-201 - Transferred to section 82-119.
82-202 - Transferred to section 82-120.
82-203 - Transferred to section 82-121.
82-204 - Transferred to section 82-122.
82-205 - Transferred to section 82-123.
82-206 - Transferred to section 82-124.
82-309 - Nebraska Arts Council; created; members; appointment.
82-311 - Nebraska Arts Council; chairman; officers, experts, employees; employ; compensation.
82-312 - Nebraska Arts Council; duties.
82-313 - Nebraska Arts Council; powers.
82-314 - Nebraska Arts Council; federal funds; receive; disburse.
82-315 - Nebraska Arts Council Trust Fund; created; use.
82-316 - Nebraska Arts Council Cash Fund; created; deposits; disbursements; investment.
82-317 - Public buildings; artwork; declaration of policy.
82-318 - Public buildings; artwork; terms, defined.
82-319 - New state capital construction; appropriation; percentage used for works of art; when.
82-320 - Nebraska Arts Council; duties.
82-321 - Construction project; artwork; committee; created; members; duties.
82-322 - Nebraska Arts Council; promulgate rules and regulations.
82-323 - Nebraska Arts Council; artists; how chosen.
82-324 - Nebraska Arts Council; insure compliance prior to payment; manner.
82-325 - Public buildings; expenditures for works of art; contracted separately.
82-327 - Public buildings; works of art; how displayed.
82-328 - Public buildings; works of art; property of State of Nebraska; sale of reproductions.
82-330 - Cultural preservation; legislative intent.
82-331 - Nebraska Cultural Preservation Endowment Fund; created; use; investment.
82-332 - Nebraska Arts and Humanities Cash Fund; created; use; investment.
82-333 - Nebraska Arts and Humanities Cash Fund; report.
82-334 - Support the Arts Cash Fund; created; use; investment.
82-335 - Competitive grant program; eligibility for grant; priority; purpose; amount.
82-404 - Nebraska Art Collection; program; how administered.
82-405 - Nebraska Art Collection; composition.
82-406 - Nebraska Art Collection; displayed; where; manner.
82-407 - Acceptance of donations or loans; procedures.
82-408 - Aid or grants; powers.
82-502 - Legislative findings and declarations.
82-504 - State Archaeology Office; created; powers; State Archaeologist; qualifications.
82-505 - State or state-funded undertaking; notice required; exemption from act; act, how construed.
82-506 - Funds, property, and services; acceptance and use.
82-507 - Public land; prohibited acts; penalty; temporary restraining order or injunction.
82-508 - Archaeological resource or archaeological site; prohibited acts; penalty.
82-509 - Matching funds authorized.
82-510 - State Archaeology Cash Fund; created; use; investment.
82-604 - Owner; liability for injury, death, or damages; limitation on action; exception.
82-606 - Participant; owner duties; warning notice; contents.
82-607 - Participant; duty to exercise due care.
82-701 - Legislative findings and declarations.
82-702 - Replacement of Julius Sterling Morton statue; Secretary of State; duties.
82-703 - Willa Cather National Statuary Hall Selection Committee; created; members; duties; powers.
82-704 - Willa Cather National Statuary Hall Cash Fund; created; use; investment.
82-705 - Replacement of William Jennings Bryan statue; Secretary of State; duties.
82-707 - Chief Standing Bear National Statuary Hall Cash Fund; created; use; investment.
82-801 - Legislative findings.
82-804 - First Regiment Nebraska Volunteer Infantry at Fort Donelson Committee; purpose; funding.