Nebraska Statutes
§ 18-2439 — Agency; dissolution; withdrawal of municipality; outstanding bonds, how treated; assets, how distributed; municipality; expelled or suspended; participation terminated or suspended; fair and reasonable procedure; notice; liability
Nebraska § 18-2439
JurisdictionNebraska
Ch. 18Cities and Villages; Laws Applicable to All
This text of Nebraska § 18-2439 (Agency; dissolution; withdrawal of municipality; outstanding bonds, how treated; assets, how distributed; municipality; expelled or suspended; participation terminated or suspended; fair and reasonable procedure; notice; liability) 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. § 18-2439 (2026).
Text
(1)An agency shall be dissolved upon the adoption, by the governing bodies of at least half of the participating municipalities, of an ordinance or resolution setting forth the determination that the need for such municipality to act cooperatively through an agency no longer exists. An agency shall not be dissolved so long as the agency has bonds outstanding, unless provision for full payment of such bonds and interest thereon, by escrow or otherwise, has been made pursuant to the terms of such bonds or the ordinance, resolution, trust indenture, or security instrument securing such bonds. If the governing bodies of one or more, but less than a majority, of the participating municipalities adopt such an ordinance or resolution, such municipalities shall be permitted to withdraw from parti
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Legislative History
Source: Laws 1981, LB 132, § 39; Laws 2007, LB199, § 8; Laws 2020, LB858, § 9.
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Bluebook (online)
Nebraska § 18-2439, Counsel Stack Legal Research, https://law.counselstack.com/statute/ne/18-2439.