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by Redwine_Photography2013    

Resources Development Fund

The Nebraska Resources Development Fund Act of 1974 created a fund to assist with the development and wise use of Nebraska’s water and land resources. The Nebraska Resources Development Fund can be used to provide grants and/or loans to political subdivisions of the state or an agency of the state, or it can be used by the Department of Natural Resources to acquire an interest in a project in the name of the state. The Act created a conjunctive administrative system with certain responsibilities delegated to the Natural Resources Commission, and other responsibilities delegated to a statutorily created "Advisory Board." On February 15, 1985, the Director of Natural Resources assumed the responsibilities and duties of the Advisory Board in accordance with the provisions of L.B. 1106.