Statute 77 23 112

77-23,112. Required disclosure statements.A local government investment pool shall display and include in all advertising, in all marketing materials, and on any Internet website or mobile application it maintains the following conspicuous statements:(1) Investments in a local government investment pool are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency; and(2) Investments in a local government investment pool are subject to liquidity risk, which may impact the pool's ability to sell investments in a timely fashion or at near face value in order to fulfill a participant's redemption request. Such investments are also subject to market risk, issuer risk, and default risk. Participants may lose money by investing in a local government investment pool.Source Laws 2024, LB1074, § 34. Operative Date: July 19, 2024