Nebraska § 85-410 Campus buildings and facilities; revenue bonds; issuance; public purpose; exempt from taxation

Nebraska Statutes

§ 85-410 — Campus buildings and facilities; revenue bonds; issuance; public purpose; exempt from taxation

Nebraska·Ch. 85 State University, State Colleges, and Postsecondary Education

In exercising the powers granted it under sections  85-401  to  85-411 , and in issuing revenue bonds as provided in sections  85-403  to  85-411 , the board exercising such powers or issuing the bonds shall constitute and be and is hereby created as a public corporation organized for educational purposes and is declared to be a governmental subdivision and instrumentality of the State of Nebraska, and all bonds issued under the authority of sections  85-403  to  85-411 , together with interest thereon, shall be wholly exempt from taxation.

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In exercising the powers granted it under sections 85-401 to 85-411 , and in issuing revenue bonds as provided in sections 85-403 to 85-411 , the board exercising such powers or issuing the bonds shall constitute and be and is hereby created as a public corporation organized for educational purposes and is declared to be a governmental subdivision and instrumentality of the State of Nebraska, and all bonds issued under the authority of sections 85-403 to 85-411 , together with interest thereon, shall be wholly exempt from taxation.

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