85-1,111 University Buildings Renovation and Land Acquisition Fund; created; authorized uses.
85-1,111. University Buildings Renovation and Land Acquisition Fund; created; authorized uses.There is hereby created a University Buildings Renovation and Land Acquisition Fund. All money accruing to this fund is hereby appropriated to the Board of Regents of the University of Nebraska and shall be used exclusively for those projects of repair, remodeling, and renovation of buildings of the university and for those equipment and land acquisition projects of the university authorized pursuant to this section, as long as no such repair, remodeling, or renovation project shall provide for construction of an addition to any building, unless required by any federal law or law of this state relating to building safety or relating to building access for handicapped persons. No expenditure may be made from such fund without prior approval by a resolution of the Board of Regents.The Board of Regents is authorized to make expenditures from the University Buildings Renovation and Land Acquisition Fund for the following projects and associated expenses: (1) Repair, remodel, and renovate Bessey Hall, three million four hundred fifty-seven thousand eight hundred seventy dollars, and Architectural Hall and Former Law Building, four million three hundred twenty-six thousand two hundred sixty-six dollars at the University of Nebraska-Lincoln; (2) repair, remodel, and renovate Arts and Sciences Hall at the University of Nebraska at Omaha, one million three hundred eighty-five thousand five hundred dollars; (3) repair, remodel, and renovate the Nebraska Psychiatric Institute at the University of Nebraska Medical Center, one million fifty thousand dollars; (4) acquire certain real property for public use by the University of Nebraska at Omaha, three million two hundred eighty-two thousand four hundred dollars; (5) purchase movable equipment for Bessey Hall and Architecture Hall and Former Law Building at the University of Nebraska-Lincoln, and Arts and Sciences Hall at the University of Nebraska at Omaha, one million four hundred thousand dollars; and (6) administrative and financing costs associated with any contract which the Board of Regents may enter into pursuant to section 85-1,112 to implement any of the projects listed in subdivisions (1) to (5) of this section, an amount not to exceed four hundred ten thousand dollars.In addition to those building repair, remodeling, or renovation projects and equipment and land acquisition projects specifically listed in this section, the Board of Regents is further authorized to make expenditures from the University Buildings Renovation and Land Acquisition Fund, which shall include any investment income received from the investment of such fund, for any other building repair, remodeling, or renovation project or land acquisition project which shall be specifically approved by the Legislature. SourceLaws 1983, LB 410, § 4; Laws 1985, LB 728, § 2; Laws 1986, LB 842, § 5.