Nebraska § 18-506.01 Revenue bonds; general obligation bonds; issuance; conditions

Nebraska Statutes

§ 18-506.01 — Revenue bonds; general obligation bonds; issuance; conditions

Nebraska § 18-506.01

Ch. 18Cities and Villages; Laws Applicable to All

This text of Nebraska § 18-506.01 (Revenue bonds; general obligation bonds; issuance; conditions) 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. § 18-506.01 (2026).

Text

Revenue bonds, authorized by section  18-502 , may be issued by ordinance duly passed by the mayor and city council of any city or the board of trustees of any village without any other authority. General obligation bonds, authorized by section  18-506 , may be issued only after the question of their issuance shall have been submitted to the electors of such city or village at a general or special election, of which three weeks' notice thereof has been published in a legal newspaper published in or of general circulation in such city or village, and more than a majority of the electors voting at the election have voted in favor of the issuance of such bonds.

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Revenue bonds, authorized by section 18-502 , may be issued by ordinance duly passed by the mayor and city council of any city or the board of trustees of any village without any other authority. General obligation bonds, authorized by section 18-506 , may be issued only after the question of their issuance shall have been submitted to the electors of such city or village at a general or special election, of which three weeks' notice thereof has been published in a legal newspaper published in or of general circulation in such city or village, and more than a majority of the electors voting at the election have voted in favor of the issuance of such bonds.

Legislative History

Source: Laws 1951, c. 19, § 3, p. 100; Laws 1967, c. 83, § 1, p. 259; Laws 2021, LB163, § 36. Annotations: Sewer bonds can be issued only after more than sixty percent of the electors voting at the election vote in favor of issuance of bonds. State ex rel. City of Grand Island v. Johnson, 175 Neb. 498, 122 N.W.2d 240 (1963).