Nebraska Administrative Code Topic - TREASURER, STATE
Here's a detailed breakdown of the Nebraska Administrative Code – Topic: Treasurer, State:
📘 Topic Overview: TREASURER, STATE
✅ Title 429 – Nebraska Educational Savings Plan Trust
This is the sole title under the “Treasurer, State” topic in the Administrative Code. It governs Nebraska’s 529 college savings program.
Scope: Rules for the Nebraska Educational Savings Plan Trust—covering account setup, definitions, qualified expenses, trustee roles, distributions, and account management (regulations.justia.com, treasurer.nebraska.gov, regulations.justia.com).
Key Definitions (Title 429, Chapter 1, § 429‑1‑002): Defines terms like Account, Beneficiary, Contribution, Distribution, Program, and confirms that the Trustee is the Nebraska State Treasurer (regulations.justia.com).
🔍 Responsibilities of the State Treasurer
Beyond Title 429, the State Treasurer’s broader duties include:
Administering the Nebraska Investment Council, including fund distribution and trust oversight (nebraskalegislature.gov, treasurer.nebraska.gov).
Managing the State Treasury—receipting/disbursing all public funds, reconciling bank accounts, processing warrants, and overseeing the Mutual Finance Assistance Program (treasurer.nebraska.gov).
Hosting the StateSpending.Nebraska.gov website to publish detailed data on receipts, expenditures, and contracts as required by the Taxpayer Transparency Act (§ 84‑602.04) (nebraskalegislature.gov).
🌐 How to Access the Rules
Justia and Cornell LII provide the text for “Topic – Treasurer, State” (Title 429), including the draft chapters & definitions (regulations.justia.com).
Nebraska’s official Rules & Regulations site (linked via SOS) provides up-to-date state code listings (rules.nebraska.gov).
📌 At a Glance
Component
Description
Title 429
Rules for the college savings trust (529 plan)
Scope Includes
Account creation, contributions, distributions, definitions
Treasurer’s Roles
Trustee of the trust; treasury operations; state funds management
Transparency Mandate
Publishes public finance data via StateSpending.Nebraska.gov
Statutory Basis
Nebraska Revised Statutes §§ 85‑1801–17 (trust) and 84‑602.04 (transparency)
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