Nebraska § 77-2345 Metropolitan utilities district funds; depositories; limitation on amount

Nebraska Statutes

§ 77-2345 — Metropolitan utilities district funds; depositories; limitation on amount

Nebraska·Ch. 77 Revenue and Taxation

No deposit shall be made in any designated bank, capital stock financial institution, or qualifying mutual financial institution (1) in excess of the amount insured or guaranteed by the Federal Deposit Insurance Corporation or (2) in excess of the obligation of the depository bond at the time any deposit of funds is made or during the period in which the deposit of funds remains in the depository. 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 shall be made in any designated bank, capital stock financial institution, or qualifying mutual financial institution (1) in excess of the amount insured or guaranteed by the Federal Deposit Insurance Corporation or (2) in excess of the obligation of the depository bond at the time any deposit of funds is made or during the period in which the deposit of funds remains in the depository. 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.

Nebraska § 77-2345 (Metropolitan utilities district funds; depositories; limitation on amount) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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, § 77-2345; Laws 1989, LB 33, § 57; Laws 1992, LB 757, § 29; Laws 1996, LB 1274, § 40; Laws 2001, LB 362, § 56; Laws 2009, LB259, § 19.