Opinion No. (2000)

REQUESTED BY: Rex Holsapple, State Investment Officer This is in answer to the various questions you have asked regarding legislative amendments to Neb. Rev. Stat. § 72-1263 (1996). The amendments change amounts for time deposit open accounts of available state funds deposited in financial institutions. Section 72-1263 was amended by the provisions of LB 932 (Laws 2000) passed with the emergency clause and approved by the Governor on April 13, 2000.

I. LEGISLATIVE BILL 932 AMENDMENTS

It is initially inquired, "[w]hat happens to those banks already in the program for any amount under…