Law practice fund passed

A fund is created for the state’s highest court by a bill passed Feb. 27.

LB194, introduced by Hastings Sen. Les Seiler, creates the Nebraska Supreme Court attorney services cash fund. The fund will consist of mandatory assessments, fees, grants, donations and gifts. It will be used for expenses related to regulation of the practice of law and administered by the state court administrator.

Money approved for investment will be invested by the state investment officer pursuant to the Nebraska Capital Expansion Act and the Nebraska State Funds Investment Act. Interest earned will be credited back to the fund.

The bill passed on a 47-0 vote.

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