Nebraska § 14-532 Street improvements; bonds; special assessment sinking fund; investment; special use

Nebraska Statutes

§ 14-532 — Street improvements; bonds; special assessment sinking fund; investment; special use

Nebraska § 14-532

Ch. 14Cities of the Metropolitan Class

This text of Nebraska § 14-532 (Street improvements; bonds; special assessment sinking fund; investment; special use) 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. § 14-532 (2026).

Text

A city of the metropolitan class may, when not required for any of the purposes specified in section  14-530 , temporarily invest funds contained in the special assessment sinking fund in securities of the United States Government, the State of Nebraska, the city, the county containing such city, or any publicly owned and operated municipal utilities of such city. All such investments shall be made so as to be closed out and realized upon whenever the proceeds so invested are needed for the purpose specified in such section. The proceeds of the special assessment sinking fund, insofar as required, may be used to complete the work under a contract where the contractor fails or refuses to perform such work.

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A city of the metropolitan class may, when not required for any of the purposes specified in section 14-530 , temporarily invest funds contained in the special assessment sinking fund in securities of the United States Government, the State of Nebraska, the city, the county containing such city, or any publicly owned and operated municipal utilities of such city. All such investments shall be made so as to be closed out and realized upon whenever the proceeds so invested are needed for the purpose specified in such section. The proceeds of the special assessment sinking fund, insofar as required, may be used to complete the work under a contract where the contractor fails or refuses to perform such work.