Nebraska § 39-2704 Fund; uses enumerated

Nebraska Statutes

§ 39-2704 — Fund; uses enumerated

Nebraska § 39-2704

Ch. 39Highways and Bridges

This text of Nebraska § 39-2704 (Fund; uses enumerated) 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. § 39-2704 (2026).

Text

(1)The money credited to the fund pursuant to subsection (4) of section 39-2215 shall be used for repayment of bonds issued pursuant to subsection (3) of section 39-2223 . If any of the money credited to the fund pursuant to subsection (4) of section 39-2215 exceeds the amount of the annual principal and interest requirements for such bonds which are issued, such money shall be used as follows:

(a)At least twenty-five percent of the money shall be used, as determined by the department, for construction of the expressway system and federally designated high priority corridors; and

(b)The remaining money shall be used to pay for surface transportation projects of the highest priority as determined by the department.

(2)The proceeds of bonds issued pursuant to subsection (3) of secti

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(1) The money credited to the fund pursuant to subsection (4) of section 39-2215 shall be used for repayment of bonds issued pursuant to subsection (3) of section 39-2223 . If any of the money credited to the fund pursuant to subsection (4) of section 39-2215 exceeds the amount of the annual principal and interest requirements for such bonds which are issued, such money shall be used as follows:
(a) At least twenty-five percent of the money shall be used, as determined by the department, for construction of the expressway system and federally designated high priority corridors; and
(b) The remaining money shall be used to pay for surface transportation projects of the highest priority as determined by the department.
(2) The proceeds of bonds issued pursuant to subsection (3) of section 39-2223 which are credited to the fund shall be used as follows:
(a) At least seventy-five percent of the proceeds from such bonds shall be used, as determined by the department, for construction of the expressway system and federally designated high priority corridors; and
(b) The remaining proceeds shall be used to pay for surface transportation projects of the highest priority as determined by the department.