Political subdivision; loan; application; terms.

Neb. Rev. Stat. § 39-2911 — under HIGHWAYS AND BRIDGES.

Neb. Rev. Stat. § 39-2911

(1) Any political subdivision may apply to the department for a loan from the investment program on a form prescribed by the department. (2) The terms of a duly executed loan or assistance contract are binding on the borrower, and the borrower shall unconditionally repay from pledged sources.