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Nebraska Educational, Health, and Social Services Finance Authority

General Information
  • Formal Name:
    Nebraska Educational, Health, and Social Services Finance Authority
  • Contact Person:
    Linda Beaver
  • Purpose:
    The Authority was created to provide a means whereby the institutions of private higher education, health care, and social services in the state can finance the construction, acquisition, improving, equipping and renovation of needed facilities on a tax-exempt basis.
  • How Many Affectable:
    NA
  • How Many Served:
    NA
  • Year Created:
    1981
  • Year Active:
    1981
  • Sunset Date:
    None
Authorization
  • Authorization Citation:
    Sections 58-801 to 58-866
  • Parent Agency:
    None
Memberships and Meetings
  • Number Of Members:
    7
  • Who Appoints:
    Governor
  • Legislative Approval:
    No
  • Qualifications Of Members:
    At least one member in the fields of public accounting; education building construction; finance; officer or employee of an institution of private higher education; officer or employee of an institution of private health care; and officer or employee of an institution of private social service. No more than 4 members shall be of the same political party.
  • Per Diem:
    No
  • Expense Reimbursement:
    Yes
  • Term Length:
    4 years
  • Terms Rotate or Expire At Once:
    Terms Rotate
Meetings Required In:
  • Required FY 13-14:
    1 required
  • Held FY 13-14:
    2
  • Required FY 14-15:
    1 required
  • Held FY 14-15:
    3
  • Required FY 15-16:
    1 required
  • Held FY 15-16:
    3
Operations
  • Support Staff:
    Yes
  • Shared or Separate:
    Separate
  • FY 13-14 Budget:
    $267,301.71
  • FY 14-15 Budget:
    $259,010.16
  • FY 15-16 Budget:
    $215,023.05
  • Other Funding Sources:
    All of the Authority's revenue is from fees paid by the borrowing institutions.
  • Spending Authority:
    Yes, the Authority expends revenues to pay its operating expenses.
Accomplishments
  • Since July 1, 2012:
    During the 2013 legislative session, the Authority sought and was granted an expansion of its issuing authority to include not-for-profit institutions of health care and social services. In the last 4 years the Authority has issued $50,011,230 of bondsnotes. Of this total, $20,310,000 was for social services.