36-2927. Intergovernmental service fund; funding
A. The intergovernmental service fund is established. The administration shall administer the fund as a continuing appropriation. On notice from the administration, the state treasurer shall invest and divest monies in the fund as provided by section 35-313, and monies earned from investment shall be credited to the fund.
B. The fund shall be used to pay all costs, including staff positions, incurred pursuant to an agreement entered into pursuant to section 36-2925 and for the purposes authorized by section 36-2926.
C. Separate accounts may be established within the fund for each agreement and the activities authorized by section 36-2926.
D. The intergovernmental service fund consists of:
1. All monies deposited in the fund pursuant to an agreement authorized by section 36-2925.
2. The cost savings that are received pursuant to section 36-2925, subsection D and that are earned from the appropriations made by this state for the costs of operating the system in this chapter.
3. Federal monies available to this state for the operation of the system in this chapter.
4. Gifts, donations and grants from any source.
5. Interest on monies deposited in the fund.
E. Monies in the fund are exempt from the provisions of section 35-190 relating to lapsing of appropriations. The cost savings that are earned from appropriations made by this state and remaining in the fund at the end of the fiscal year do not revert to the fund from which they were appropriated.
F. The administration may continue to make expenditures from the fund, subject to the availability of monies in the fund, to fulfill its commitments under an agreement authorized by section 36-2925 for costs incurred but not processed by the administration during the fiscal years in which the agreement was in effect.
G. The administration shall account for all payments from the intergovernmental service fund by the fiscal year in which the costs were incurred, regardless of the fiscal year in which the payments were made.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.