Nebraska § 16-672.10 Assessments; sinking fund; disbursement

Nebraska Statutes

§ 16-672.10 — Assessments; sinking fund; disbursement

Nebraska § 16-672.10

Ch. 16Cities of the First Class

This text of Nebraska § 16-672.10 (Assessments; sinking fund; disbursement) 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. § 16-672.10 (2026).

Text

All the special assessments provided for in section  16-672.08 , shall, when levied and collected be placed in a sinking fund for the purpose of paying the cost of the improvements as provided in sections  16-672.01  to  16-672.11  with allowable interest thereon, and shall be solely and strictly applied to such purpose to the extent required; but any excess thereof may be by the mayor and city council, after fully discharging the purposes for which levied, transferred to such other fund or funds as the mayor and city council may deem advisable.

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All the special assessments provided for in section 16-672.08 , shall, when levied and collected be placed in a sinking fund for the purpose of paying the cost of the improvements as provided in sections 16-672.01 to 16-672.11 with allowable interest thereon, and shall be solely and strictly applied to such purpose to the extent required; but any excess thereof may be by the mayor and city council, after fully discharging the purposes for which levied, transferred to such other fund or funds as the mayor and city council may deem advisable.