2016 Boards and Commissions

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.