Change provisions relating to recovery under the Consumer Protection Act, provide a termination date for the State Settlement Cash Fund and for distribution of money in the fund, and change provisions relating to the State Settlement Trust Fund

LB 1153 amends Nebraska's Consumer Protection Act to change how money recovered from consumer cases is handled. It sets a termination date of July 1, 2026, for the current State Settlement Cash Fund and redirects 96% of future recoveries to common schools (per Nebraska Constitution), while distributing 1% each to four specific funds: Legal Education, Financial Literacy, University of Nebraska tenant assistance, and UNMC pediatric cancer research. The bill also clarifies that funds held in trust for specific beneficiaries (e.g., individuals or organizations) are excluded from this distribution. This policy change directly affects how the state allocates civil damages recovered under the Consumer Protection Act.