Nebraska § 14-1720 Bonds and obligations; paid in full; net income; distribution

Nebraska Statutes

§ 14-1720 — Bonds and obligations; paid in full; net income; distribution

Nebraska § 14-1720

Ch. 14Cities of the Metropolitan Class

This text of Nebraska § 14-1720 (Bonds and obligations; paid in full; net income; distribution) 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. § 14-1720 (2026).

Text

After all bonds or other evidence of indebtedness issued by the authority have been paid in full, and after the authority has set aside a reasonable reserve for working capital, maintenance, and necessary improvements of its facilities, the authority shall annually distribute all of its net income between the city and county in proportion to the area contributed by the city and county respectively for the use of the authority.

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After all bonds or other evidence of indebtedness issued by the authority have been paid in full, and after the authority has set aside a reasonable reserve for working capital, maintenance, and necessary improvements of its facilities, the authority shall annually distribute all of its net income between the city and county in proportion to the area contributed by the city and county respectively for the use of the authority.