Nebraska § 77-2349 Metropolitan utilities district funds; custodian of securities; withdrawal of funds

Nebraska Statutes

§ 77-2349 — Metropolitan utilities district funds; custodian of securities; withdrawal of funds

Nebraska § 77-2349

Ch. 77Revenue and Taxation

This text of Nebraska § 77-2349 (Metropolitan utilities district funds; custodian of securities; withdrawal of funds) 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. § 77-2349 (2026).

Text

A metropolitan utilities district shall be the custodian of securities in which funds of such district are invested, including the securities of such district itself. Except for funds deposited in a depository in strict accordance with all the requirements of sections  77-2342  to  77-2349 , the district shall be liable for the accounting, safekeeping, and repayment of all funds received by the district. Any such district may at any time withdraw any funds on deposit in a depository or any funds in the district's possession and custody and invest such funds in such securities as may be designated by formal resolution of the governing body of such district.

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A metropolitan utilities district shall be the custodian of securities in which funds of such district are invested, including the securities of such district itself. Except for funds deposited in a depository in strict accordance with all the requirements of sections 77-2342 to 77-2349 , the district shall be liable for the accounting, safekeeping, and repayment of all funds received by the district. Any such district may at any time withdraw any funds on deposit in a depository or any funds in the district's possession and custody and invest such funds in such securities as may be designated by formal resolution of the governing body of such district.

Legislative History

Source: Laws 1933, c. 95, § 4, p. 379; C.S.Supp.,1941, § 77-2533; R.S.1943, § 77-2349; Laws 1989, LB 33, § 61; Laws 1992, LB 746, § 77; Laws 2001, LB 177, § 9.