Change provisions relating to the Unclaimed Property Trust Fund and the Capitol Restoration Cash Fund
LB 451 changes how Nebraska allocates excess funds from the Unclaimed Property Trust Fund annually. For 2025 through 2034, the first $1 million of any excess balance each year must be transferred to the Capitol Restoration Cash Fund, with remaining funds going to the Permanent School Fund; before 2025 and after 2034, all excess funds over $1 million go directly to the Permanent School Fund. The bill also creates an Unclaimed Property Cash Fund to cover related administrative costs and harmonizes existing fund transfer rules. These changes affect state fund management but do not alter how unclaimed property claims are processed or handled by the public.
Bill status
died
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 21, 2025
Last action Apr 17, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
0
Committee
2
Amendments
1
Apr 17, 2026
Committee
Indefinitely postponed
legislature
Jun 6, 2025
Introduced
Provisions/portions of LB451 amended into LB264 by AM835
legislature
Jan 23, 2025
Committee
Referred to Appropriations Committee
legislature
Jan 21, 2025
Introduced
Date of introduction
legislature
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jason Prokop
NNonpartisan
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