Nebraska § 77-2344 Metropolitan utilities district funds; depositories; bond or securities authorized

Nebraska Statutes

§ 77-2344 — Metropolitan utilities district funds; depositories; bond or securities authorized

Nebraska § 77-2344

Ch. 77Revenue and Taxation

This text of Nebraska § 77-2344 (Metropolitan utilities district funds; depositories; bond or securities authorized) 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. § 77-2344 (2026).

Text

No deposit in excess of the amount insured or guaranteed by the Federal Deposit Insurance Corporation shall be made in any bank, capital stock financial institution, or qualifying mutual financial institution designated as a depository unless and until the metropolitan utilities district has received from such depository as security for the prompt repayment by the depository either a corporate surety bond in form and with sureties approved by formal resolution by the governing body of such district or the giving of security as provided in the Public Funds Deposit Security Act. Section  77-2366  shall apply to deposits in capital stock financial institutions. Section  77-2365.01  shall apply to deposits in qualifying mutual financial institutions.

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No deposit in excess of the amount insured or guaranteed by the Federal Deposit Insurance Corporation shall be made in any bank, capital stock financial institution, or qualifying mutual financial institution designated as a depository unless and until the metropolitan utilities district has received from such depository as security for the prompt repayment by the depository either a corporate surety bond in form and with sureties approved by formal resolution by the governing body of such district or the giving of security as provided in the Public Funds Deposit Security Act. Section 77-2366 shall apply to deposits in capital stock financial institutions. Section 77-2365.01 shall apply to deposits in qualifying mutual financial institutions.

Legislative History

Source: Laws 1933, c. 95, § 2, p. 378; Laws 1935, c. 6, § 1, p. 69; C.S.Supp.,1941, § 77-2531; R.S.1943, § 77-2344; Laws 1959, c. 263, § 19, p. 948; Laws 1989, LB 33, § 56; Laws 1989, LB 377, § 15; Laws 1992, LB 746, § 76; Laws 1992, LB 757, § 28; Laws 1996, LB 1274, § 39; Laws 2001, LB 177, § 7; Laws 2001, LB 362, § 55; Laws 2009, LB259, § 18. Cross References: Public Funds Deposit Security Act, see section 77-2386.