Nebraska § 58-252 Authority; borrow money and issue bonds; purposes

Nebraska Statutes

§ 58-252 — Authority; borrow money and issue bonds; purposes

Nebraska § 58-252

Ch. 58Money and Financing

This text of Nebraska § 58-252 (Authority; borrow money and issue bonds; purposes) 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. § 58-252 (2026).

Text

The authority may borrow money and issue from time to time its bonds in such principal amounts as the authority determines necessary to provide sufficient funds to carry out its purposes which include:

(1)Carrying out the additional powers of the Nebraska Investment Finance Authority Act;

(2)The payment of interest on bonds issued under the act;

(3)The establishment of reserves to secure the bonds in an amount not to exceed twenty-five percent of the aggregate principal amount of the particular issue of bonds; and

(4)All other expenditures of the authority incident to and necessary and convenient to carry out its purposes and powers.

Free access — add to your briefcase to read the full text and ask questions with AI

The authority may borrow money and issue from time to time its bonds in such principal amounts as the authority determines necessary to provide sufficient funds to carry out its purposes which include:
(1) Carrying out the additional powers of the Nebraska Investment Finance Authority Act;
(2) The payment of interest on bonds issued under the act;
(3) The establishment of reserves to secure the bonds in an amount not to exceed twenty-five percent of the aggregate principal amount of the particular issue of bonds; and
(4) All other expenditures of the authority incident to and necessary and convenient to carry out its purposes and powers.