Nebraska § 77-2353 Public power and irrigation district funds; deposit required

Nebraska Statutes

§ 77-2353 — Public power and irrigation district funds; deposit required

Nebraska·Ch. 77 Revenue and Taxation

All funds of any public power district, public irrigation district, or public power and irrigation district organized and existing under the laws of this state shall be deposited by the treasurer or other competent officer of such district in such bank, capital stock financial institution, or qualifying mutual financial institution as shall have been designated as official depositories for the funds belonging to such district. Such deposits shall either be made in accordance with and subject to agreements of such district with its bondholders or noteholders or, in the absence of any such agreement, shall be subject to the provisions and conditions provided in sections  77-2353  to  77-2361 . Section  77-2366  shall apply to deposits in capital stock financial institutions. Section  77-2365

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All funds of any public power district, public irrigation district, or public power and irrigation district organized and existing under the laws of this state shall be deposited by the treasurer or other competent officer of such district in such bank, capital stock financial institution, or qualifying mutual financial institution as shall have been designated as official depositories for the funds belonging to such district. Such deposits shall either be made in accordance with and subject to agreements of such district with its bondholders or noteholders or, in the absence of any such agreement, shall be subject to the provisions and conditions provided in sections 77-2353 to 77-2361 . 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 § 77-2353 (Public power and irrigation district funds; deposit required) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: Laws 1941, c. 160, § 1, p. 642; C.S.Supp.,1941, § 77-2537; R.S.1943, § 77-2353; Laws 1969, c. 544, § 2, p. 2198; Laws 1989, LB 33, § 66; Laws 2001, LB 362, § 62.