Nebraska Revised Statute 77-23,112
- Revised Statutes
- Chapter 77
- 77-23,112
77-23,112.
Required disclosure statements.
A local government investment pool shall display and include in all advertising, in all marketing materials, and on any Internet website or mobile application it maintains the following conspicuous statements:
(1) Investments in a local government investment pool are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency; and
(2) Investments in a local government investment pool are subject to liquidity risk, which may impact the pool's ability to sell investments in a timely fashion or at near face value in order to fulfill a participant's redemption request. Such investments are also subject to market risk, issuer risk, and default risk. Participants may lose money by investing in a local government investment pool.
Source
- Laws 2024, LB1074, § 34.
- Operative Date: July 19, 2024