Nebraska § 14-1237 Bridge commission; funds; investment

Nebraska Statutes

§ 14-1237 — Bridge commission; funds; investment

Nebraska § 14-1237

Ch. 14Cities of the Metropolitan Class

This text of Nebraska § 14-1237 (Bridge commission; funds; investment) 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. § 14-1237 (2026).

Text

Funds under control of the bridge commission of a city of the metropolitan class may be invested in certificates of deposit in national banks, capital stock financial institutions, or qualifying mutual financial institutions or in bonds or other evidences of indebtedness which are general obligations of the United States, the State of Nebraska, other states, or the city or the cities cooperating as provided in section  14-1202 , but only in such a manner as to be immediately available for recapture when needed for the purposes authorized in sections  14-1201  to  14-1252 . Section  77-2366  shall apply to deposits in capital stock financial institutions. Section  77-2365.01  shall apply to deposits in qualifying mutual financial institutions.

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Funds under control of the bridge commission of a city of the metropolitan class may be invested in certificates of deposit in national banks, capital stock financial institutions, or qualifying mutual financial institutions or in bonds or other evidences of indebtedness which are general obligations of the United States, the State of Nebraska, other states, or the city or the cities cooperating as provided in section 14-1202 , but only in such a manner as to be immediately available for recapture when needed for the purposes authorized in sections 14-1201 to 14-1252 . Section 77-2366 shall apply to deposits in capital stock financial institutions. Section 77-2365.01 shall apply to deposits in qualifying mutual financial institutions.

Legislative History

Source: Laws 1929, c. 176, § 15, p. 626; C.S.1929, § 14-1215; R.S.1943, § 14-1237; Laws 1989, LB 33, § 11; Laws 2001, LB 362, § 12; Laws 2022, LB800, § 270.