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 Citation: | Sections 58-801 to 58-866 |
Parent Agency: | None |
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 |
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 |
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. |
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. |