PREPARED BY: Scott Danigole
LB 592 DATE PREPARED: January 30, 2025
PHONE: 402-471-0055
Revision: 00
FISCAL NOTE
LEGISLATIVE FISCAL ANALYST ESTIMATE
ESTIMATE OF FISCAL IMPACT – STATE AGENCIES (See narrative for political subdivision estimates)
FY 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
CASH FUNDS
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS
Any Fiscal Notes received from state agencies and political subdivisions are attached following the Legislative Fiscal Analyst Estimate.
LB 592 amends provisions of the achieving a better life experience (ABLE) program.
New language is added to section 77-1407 stating that “any amount in an account is not susceptible to any levy, execution, judgement,
or other operation of law, garnishment, or other judicial enforcement, and shall not be seized, taken, appropriated, or applied by any
legal or equitable process or operation of law to pay any debt or liability of t he designated beneficiary or owner of the account. ”
No fiscal impact.
ADMINISTRATIVE SERVICES STATE BUDGET DIVISION: REVIEW OF AGENCY & POLT. SUB. RESPONSE
LB: 592 AM: AGENCY/POLT. SUB: State Treasurer
REVIEWED BY: Ryan Walton DATE: 1/30/2025 PHONE: (402) 471-4174
COMMENTS: The State Treasurer’s assessment of no fiscal impact from LB 592, appears reasonable.
Please complete ALL (5) blanks in the first three lines. 2025
LB
(1) 592 FISCAL NOTE
State Agency OR Political Subdivision Name:
(2)
State Treasurer
Prepared by:
(3) Jason Walters Date Prepared:
(4)
January 29, 2025 Phone:
(5)
402-471-2793
ESTIMATE PROVIDED BY STATE AGENCY OR POLITICAL SUBDIVISION
FY 2025-26 FY 2026-27
EXPENDITURES REVENUE EXPENDITURES REVENUE
GENERAL FUNDS
CASH FUNDS
FEDERAL FUNDS
OTHER FUNDS
TOTAL FUNDS
Explanation of Estimate:
The State Treasurer’s Office doesn’t expect any fiscal impact from LB 592 to the office.
_____________________________________________________________________________________________________ _
BREAKDOWN BY MAJOR OBJECTS OF EXPENDITURE
Personal Services:
POSITION TITLE
NUMBER OF POSITIONS
25-26 26-27
2025-26
EXPENDITURES
2026-27
EXPENDITURES
Benefits………………………… ……...……
Operating…………………………...……….
Travel………………………………………..
Capital outlay…………………...…………..
Aid…………………………………………...
Capital improvements……………………...
TOTAL……………………………… .....