Nebraska Statutes
§ 13-826 — Pledge of state
Nebraska·Ch. 13 Cities, Counties, and Other Political Subdivisions
The State of Nebraska does hereby pledge to and agree with the holders of any bonds and with those persons who may enter into contracts with any joint entity or political subdivision under the Interlocal Cooperation Act that the state will not alter, impair, or limit the rights thereby vested until the bonds, together with applicable interest, are fully met and discharged and such contracts are fully performed. Nothing contained in the Interlocal Cooperation Act shall preclude such alteration, impairment, or limitation if and when adequate provisions are made by law for the protection of the holders of the bonds or persons entering into contracts with any joint entity or political subdivision. Each joint entity and political subdivision may include this pledge and undertaking for the state
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Legislative History
Source: Laws 1991, LB 731, § 26.
Nearby Sections
15
§ 13-1001
Plans authorized; when; contents§ 13-1002
Cooperation with other states§ 13-1003
Improvement districts§ 13-1004
Management of districts§ 13-1005
Acquisition of property§ 13-1006
Reversion of property§ 13-101
Transferred to section43-1401§ 13-102
Transferred to section43-1402§ 13-103
Transferred to section43-1403§ 13-104
Transferred to section43-1404§ 13-105
Transferred to section43-1405§ 13-106
Transferred to section43-1406§ 13-107
Transferred to section43-1407§ 13-108
Transferred to section43-1408§ 13-109
Transferred to section43-1409