(1) Prior to June 30 of each odd-numbered year, the Nebraska Accountability and Disclosure Commission shall (a) allocate available funds of one hundred fifty thousand dollars to fund requests for public funds for covered elective offices listed in subdivision (1)(a) of section 32-1603, (b) calculate its best estimate of the amount of funds available to fund requests for public funds during the ensuing election year in the Campaign Finance Limitation Cash Fund based upon the appropriations, if any, made to the fund by the Legislature in such year, and (c) if the estimated amount of available funds exceeds one hundred fifty thousand dollars, designate additional covered elective offices in the following order if the following amounts of additional funds are available: (a) The Public Service Commission, one thousand dollars; (b) The Board of Regents of the University of Nebraska, twenty-five thousand dollars; (c) The State Board of Education, one thousand dollars; (d) The Auditor of Public Accounts, fifty thousand dollars; (e) The Attorney General, fifty thousand dollars; (f) The Secretary of State, fifty thousand dollars; (g) The State Treasurer, fifty thousand dollars; (h) The Lieutenant Governor, fifty thousand dollars; and (i) The Governor, five hundred thousand dollars.
(2) All elective offices not within the class of offices designated under subsection
(1) of this section to be covered elective offices for the election period ending on December 31 of the following year shall be designated not to be covered elective offices for such election period.
(3) For purposes of the election period ending December 31, 1998, (a) the Legislature shall be the only covered elective office, (b) the election period shall begin on September 13, 1997, and (c) the Campaign Finance Limitation Act shall not apply to any other office.