Nebraska § 79-474 School district merged into Class I, II, or III school district; bonded indebtedness; liability

Nebraska Statutes

§ 79-474 — School district merged into Class I, II, or III school district; bonded indebtedness; liability

Nebraska·Ch. 79 Schools

Whenever an existing school district or a part thereof is merged into a Class I, II, or III school district under the provisions of section  79-407  or  79-473 , the property included in such school district or part thereof which is merged into the Class I, II, or III school district shall continue to be liable for any bonded indebtedness incurred by the school district of which it was a part prior to such merger and the property included in such school district or part thereof which is merged into the Class I, II, or III school district shall not be liable for any bonded indebtedness incurred by the Class I, II, or III school district prior to such merger.

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Whenever an existing school district or a part thereof is merged into a Class I, II, or III school district under the provisions of section 79-407 or 79-473 , the property included in such school district or part thereof which is merged into the Class I, II, or III school district shall continue to be liable for any bonded indebtedness incurred by the school district of which it was a part prior to such merger and the property included in such school district or part thereof which is merged into the Class I, II, or III school district shall not be liable for any bonded indebtedness incurred by the Class I, II, or III school district prior to such merger.

Nebraska § 79-474 (School district merged into Class I, II, or III school district; bonded indebtedness; liability) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.