Nebraska § 10-1205 Credit facility or related agreement;
payments authorized

Nebraska Statutes

§ 10-1205 — Credit facility or related agreement; payments authorized

Nebraska § 10-1205

Ch. 10Bonds

This text of Nebraska § 10-1205 (Credit facility or related agreement; payments authorized) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 10-1205 (2026).

Text

Any
credit facility or related agreement may provide for payment of amounts owing
by the governmental unit from any resources of the governmental unit as may
be deemed appropriate by the governing body, including taxes and other revenue.
Any amounts required to reimburse the provider of a credit facility for amounts
advanced for payment of principal and interest or for purchase of a bond or
for related fees and expenses shall have the same status under sections  13-520 
and  77-3442  as the indebtedness for which the credit facility has been provided.
Such indebtedness includes, without limitation, the payments of principal
and interest for which the advance or purchase was made or the fees and expenses
incurred.

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Any
credit facility or related agreement may provide for payment of amounts owing
by the governmental unit from any resources of the governmental unit as may
be deemed appropriate by the governing body, including taxes and other revenue.
Any amounts required to reimburse the provider of a credit facility for amounts
advanced for payment of principal and interest or for purchase of a bond or
for related fees and expenses shall have the same status under sections 13-520
and 77-3442 as the indebtedness for which the credit facility has been provided.
Such indebtedness includes, without limitation, the payments of principal
and interest for which the advance or purchase was made or the fees and expenses
incurred.