Opinion No. (2000)

REQUESTED BY: Rex Holsapple, State Investment Officer We are responding to the series of questions you have asked concerning alternative methods of securing the deposit of state funds provided by the Public Funds Deposit Security Act, Neb. Rev. Stat. §§ 77-2386 to 77-2397 (1996, Cum. Supp. 1998 and Supp. 1999) as amended by 2000 Neb. Laws, LB 932. LB 932 was passed with the emergency clause and approved by the Governor on April 13, 2000.

I. ALTERNATIVE METHODS FOR SECURING PUBLIC FUNDS

The first issue relates to new legislative provisions that authorize depository institutions to secure…