Refunding or advance refunding obligation; authorized; limitation.

Neb. Rev. Stat. § 39-2931 — under HIGHWAYS AND BRIDGES.

Neb. Rev. Stat. § 39-2931

The investment program may issue any refunding or advance refunding obligation to retire outstanding debt, reduce debt service, restructure any maturity, or achieve savings. Any such refunding shall not extend any final maturity beyond the useful life of the financed asset.