View Statute 39-2905

(1) The commission shall: (a) Adopt bylaws, policies, and operating procedures that govern the administration of the investment program; (b) Approve or deny applications for financial assistance based on established evaluation criteria; (c) Establish financial, risk management, and internal control policies consistent with generally accepted accounting principles; and (d) Approve annual budgets, audits, and reports for the investment program. (2) The commission may: (a) Enter into any cooperative agreement with any federal or state agency, local government, or private entity; and (b) Delegate any administrative or technical function to any personnel or agent of the commission as necessary to implement the Infrastructure Development Investment Program Act. Laws 2026, LB1126, § 5. Effective Date: July 18, 2026