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NEBRASKA INVESTMENT COUNCIL

General Information
  • Formal Name:
    NEBRASKA INVESTMENT COUNCIL
  • Contact Person:
    Michael Walden-Newman, State Investment Officer
  • Purpose:
    It is the mission of the Nebraska Investment Council to prudently manage the funds entrusted to us by the people of the State of Nebraska. We deliver investment management services to provide direct financial benefit exclusively to the owners of these funds. We are committed to thorough, sound, and informed analysis in order to achieve superior returns while maintaining prudent levels of risk.
  • How Many Affectable:
    Statewide
  • How Many Served:
    Statewide
  • Year Created:
    1969
  • Year Active:
    1969
  • Sunset Date:
    na
Authorization
  • Authorization Citation:
    Neb. Rev. Stat. 72-1237
  • Parent Agency:
    blank
Memberships and Meetings
  • Number Of Members:
    8 total - 5 voting members appointed by the Governor and confirmed by the Legislature; 3 ex-officio nonvoting members named by statute
  • Who Appoints:
    see above
  • Legislative Approval:
    see above
  • Qualifications Of Members:
    Neb. Rev. Stat. 72-1237.01 requires "at least ten years of experience in the financial affairs of a public or private organization or have at least five years of experience in the filed of investment management or analysis."
  • Per Diem:
    $75
  • Expense Reimbursement:
    yes
  • Term Length:
    5 years
  • Terms Rotate or Expire At Once:
    Terms Rotate
Meetings Required In:
  • Required FY 17-18:
    no requirement
  • Held FY 17-18:
    6
  • Required FY 18-19:
    na
  • Held FY 18-19:
    6
  • Required FY 19-20:
    na
  • Held FY 19-20:
    6
Operations
  • Support Staff:
    9
  • Shared or Separate:
    blank
  • FY 17-18 Budget:
    2,601845
  • FY 18-19 Budget:
    2,908,193
  • FY 19-20 Budget:
    2,773,137
  • Other Funding Sources:
    blank
  • Spending Authority:
    blank
Accomplishments
  • Since July 1, 2016:
    blank