Nebraska § 58-243 Authority; agricultural projects; powers

Nebraska Statutes

§ 58-243 — Authority; agricultural projects; powers

Nebraska·Ch. 58 Money and Financing

Prior to exercising any of the powers conferred by the Nebraska Investment Finance Authority Act regarding agricultural projects as defined in subdivision (2) of section 58-219 , the authority may, but need not:

(1)Require that the loan involved be insured by a loan insurer or be guaranteed by a loan guarantor;

(2)Require any type of security that it deems reasonable and necessary; or

(3)Authorize the reservation of funds by lenders in such amount and subject to such conditions as the authority considers reasonable and necessary.

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Prior to exercising any of the powers conferred by the Nebraska Investment Finance Authority Act regarding agricultural projects as defined in subdivision (2) of section 58-219 , the authority may, but need not:
(1) Require that the loan involved be insured by a loan insurer or be guaranteed by a loan guarantor;
(2) Require any type of security that it deems reasonable and necessary; or
(3) Authorize the reservation of funds by lenders in such amount and subject to such conditions as the authority considers reasonable and necessary.

Nebraska § 58-243 (Authority; agricultural projects; powers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.