Chapter 10 — BONDS
150 sections in this chapter.
Neb. Rev. Stat. § 10-1001 Governor; powers.
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To permit the orderly continuation of the issuance of private activity bonds pursuant to the Internal Revenue Code, the Governor may by executive order: (1) Allocate or establish a method for the allocation of the private activity bond state ceiling set forth in the Internal Reve…
Neb. Rev. Stat. § 10-101 State and county treasurers as fiscal agents; exception; bonds; where payable; coupon notes, interest on.
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Except as provided in sections 10-134 to 10-141, the State Treasurer shall be the state fiscal agent, and all bonds and coupons issued by the state shall be made payable at the office of the State Treasurer. Except as provided in sections 10-134 to 10-141, the county treasurer sh…
Neb. Rev. Stat. § 10-102 Remittances; how made; expenses.
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All officers, designated by law for the purpose, shall remit to the State Treasurer, or county treasurer, at least ten days before maturity of any bonds or coupons heretofore or hereafter made payable at the office of the State Treasurer, or the office of any county treasurer, su…
Neb. Rev. Stat. § 10-103 Payment; cancellation and return; duty of state agent.
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On receipt of any funds by the state agent, it shall be the duty of such agent to notify the officer from whom received, of the receipt thereof; and immediately on the payment of such bonds or coupons for which funds were remitted, said coupons or bonds shall be canceled and retu…
Repealed. Laws 1983, LB 421, § 18.
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[Repealed or reserved.]
Neb. Rev. Stat. § 10-105 Donations to railroad corporations; conditions; noncompliance; effect.
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No proposition shall be submitted to the electors of any county for donations of bonds or any other valuables to any railroad corporation, unless said railroad corporation, through its authorized and responsible agent, files for record in the county clerk's office, where such don…
Neb. Rev. Stat. § 10-106 County bonds; registration; procedure; certified statement; record.
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The officers of any county in this state issuing bonds shall register in a book kept for that purpose (1) the notice of election, the manner and time of publication, the question submitted, and the adoption of the proposition pursuant to which such bonds were issued and (2) the d…
Neb. Rev. Stat. § 10-107 County bonds; statement of county indebtedness; duties of county clerk; compensation.
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At such times as the Auditor of Public Accounts may request, the county clerk shall make out, certify, and transmit to the auditor a full and complete statement of the bonded indebtedness of every description of such county at the date of such statement, particularly setting fort…
Repealed. Laws 2001, LB 420, § 38.
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[Repealed or reserved.]
Repealed. Laws 2001, LB 420, § 38.
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[Repealed or reserved.]
Neb. Rev. Stat. § 10-110 County bonds; retirement; taxes; levy and collection; duties of county officers.
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The county clerk shall ascertain from the assessment roll of the county the amount of taxable property in such county and the percentage required to be levied thereon to pay the interest and to create a sinking fund. The county board shall levy such percentage upon the taxable pr…
Neb. Rev. Stat. § 10-1101 Act, how cited.
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Sections 10-1101 to 10-1106 shall be known and may be cited as the Nebraska Governmental Unit Security Interest Act.
Neb. Rev. Stat. § 10-1102 Applicability of act.
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The creation of security interests and pledges by governmental units is controlled by other provisions of law. The Nebraska Governmental Unit Security Interest Act governs the perfection, priority, and enforcement of all security interests created by governmental units.
Neb. Rev. Stat. § 10-1103 Terms, defined.
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For purposes of the Nebraska Governmental Unit Security Interest Act: (1) Authorizing statute means any statute which authorizes the issuance of bonds; (2) Bond means any bond, note, warrant, loan agreement, lease, lease-purchase agreement, pledge agreement, agreement authorized …
Neb. Rev. Stat. § 10-1104 Perfection.
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Any security interest created by a governmental unit pursuant to an authorizing statute is perfected by the adoption of the measure or measures from the date on which the measure takes effect without the need for any physical delivery, filing, or recording in any office.
Neb. Rev. Stat. § 10-1105 Priority.
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The priority of any security interest created by a governmental unit shall be governed by the contractual terms set forth in the measure or measures, including the terms of any indenture or any other agreement approved by the measure or measures, adopted by the governmental unit.…
Neb. Rev. Stat. § 10-1106 Enforcement; determination of default.
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The terms of any applicable authorizing statute shall govern the enforcement of any security interest to the extent that the authorizing statute contains express provisions relating to enforcement or authorizes a governmental unit to contract with respect to enforcement. In the a…
Neb. Rev. Stat. § 10-111 County bonds; retirement; interest; payment; sinking fund; investment; conditions.
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Upon the receipt of such money by the county treasurer, he shall, out of the same, at once proceed to pay off the interest accrued upon such registered bonds, at the place where such interest is made payable. The county treasurer shall cause the coupons for all interest thus paid…
Neb. Rev. Stat. § 10-112 County bonds; retirement; payment out of state; procedure.
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When the interest and principal, or interest only, of any registered bonds are payable in New York City, or elsewhere out of the state, payment shall be then made at the place so designated in such bond or coupon, or at the financial agency of the state for such purposes. In orde…
Neb. Rev. Stat. § 10-113 County treasurer; liability for bond funds.
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The tax and funds so collected shall be deemed pledged and appropriated to the payment of the interest and principal of the registered bonds herein provided for, until fully satisfied, and the county treasurer shall be liable on his official bond for the faithful disbursement of …
Neb. Rev. Stat. § 10-114 County bonds; payment; cancellation at maturity; procedure; expenses.
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When any registered bonds mature, they shall be paid off by the county treasurer at the place where payable out of any money in his or her hands or under his or her control for that purpose, and when so paid the bonds shall be endorsed Canceled by the county treasurer on the face…
Neb. Rev. Stat. § 10-115 Statement of business transacted; duties of county treasurer and county clerk.
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The county treasurer and county clerk shall, when ordered by the county board, publish a detailed statement of the business transacted by them under the provisions of sections 10-101 to 10-125.
Repealed. Laws 1983, LB 421, § 18.
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[Repealed or reserved.]
Neb. Rev. Stat. § 10-117 Village and city of the second class; certified transcript of proceedings; duties of village or city clerk; lost records.
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The clerk of any village or city of the second class in which any bonds are issued shall furnish a duly certified transcript to the holder of any bond of any such village or city on demand of such holder, except that if the records of such proceedings have been destroyed by fire …
Repealed. Laws 2001, LB 420, § 38.
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[Repealed or reserved.]
Repealed. Laws 2001, LB 420, § 38.
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[Repealed or reserved.]
Neb. Rev. Stat. § 10-119 Precinct bonds; retirement; taxes; levy and collection; duties of county board and county treasurer.
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The county board shall, at the usual time of levying taxes in each year, levy a tax upon all the property of the proper precinct, sufficient to pay the annual interest on the bonds and the principal thereof, in accordance with the terms of the proposition under which the bonds we…
Neb. Rev. Stat. § 10-120 Precinct refunding bonds; sale authorized; use of proceeds.
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When the county board of any county issues bonds to refund the bonded indebtedness of any precinct in the State of Nebraska, and in case an exchange of said refunding bonds cannot be effected, the county board is hereby authorized to sell said refunding bonds from time to time, i…
Neb. Rev. Stat. § 10-1201 Act, how cited.
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Sections 10-1201 to 10-1206 shall be known and may be cited as the Nebraska Governmental Unit Credit Facility Act.
Neb. Rev. Stat. § 10-1202 Legislative findings.
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The Legislature hereby finds and declares that there currently exist and may hereafter exist conditions which make it difficult for governmental units to issue and sell their bonds or other evidences of indebtedness and to obtain credit at reasonable interest rates and that the U…
Neb. Rev. Stat. § 10-1203 Terms, defined.
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For purposes of the Nebraska Governmental Unit Credit Facility Act: (1) Authorizing statute means any statute which authorizes the issuance of bonds by a governmental unit; (2) Bank means any federally chartered or state-chartered bank, savings and loan association, building and …
Neb. Rev. Stat. § 10-1204 Credit facility; authorized; approval; terms and conditions.
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Any governmental unit in the State of Nebraska may obtain credit support for its bonds by entering into or obtaining a credit facility for any of its bonds from any United States governmental enterprise or from any bank providing a credit facility which is confirmed or otherwise …
Neb. Rev. Stat. § 10-1205 Credit facility or related agreement; payments authorized.
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Any credit facility or related agreement may provide for payment of amounts owing by the governmental unit from any resources of the governmental unit as may be deemed appropriate by the governing body, including taxes and other revenue. Any amounts required to reimburse the prov…
Neb. Rev. Stat. § 10-1206 Act; construction with other law or home rule charters.
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The Nebraska Governmental Unit Credit Facility Act shall be independent of and in addition to any other provision of law of the State of Nebraska or provisions of home rule charters, and any credit facility may be obtained under the act for any purpose authorized in the act even …
Repealed. Laws 2001, LB 420, § 38.
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[Repealed or reserved.]
Repealed. Laws 2001, LB 420, § 38.
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[Repealed or reserved.]
Neb. Rev. Stat. § 10-123 Precinct, township, or school district bonds; duty of local boards.
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Precinct, township, or school district boards or officers shall file for record with the county clerk the question submitted, the notice and proof of publication, and the return of votes for and against all bonds issued by such precinct, township, or school district.
Neb. Rev. Stat. § 10-124 Precinct, township, or school district bonds; duty of county clerk; record; contents; fee.
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It shall be the duty of the county clerk, in a book prepared for that purpose, to record the question submitted, the notice and proof of publication, the return of votes for and against; and the fee for so doing, to be paid by the precinct, township, or school district board or o…
Repealed. Laws 1949, c. 12, § 1.
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[Repealed or reserved.]
Neb. Rev. Stat. § 10-126 Bonds; when redeemable; exceptions; call premium, when authorized; procedure for calling; resolution or ordinance, when required; notice; prepayment.
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(1) All bonds of indebtedness, issued after September 7, 1947, by any county, precinct, city, village, school district, drainage district, or irrigation district or any other municipal corporation or governmental subdivision of the state shall be redeemable at the option of the g…
Neb. Rev. Stat. § 10-127 Replacement bond; issuance authorized; when.
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The State Highway Commission, any county, city, village, municipal county, school district, drainage district, irrigation district, public power district, public power and irrigation district, metropolitan utilities district, the Board of Regents of the University of Nebraska, th…
Neb. Rev. Stat. § 10-128 Replacement bond; issuance; procedure.
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Each replacement bond or other evidence of indebtedness shall be authorized by a resolution of the governing body of the issuer and shall be executed by the then appropriate officers thereof.
Neb. Rev. Stat. § 10-129 Replacement bond; issuance; notice.
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Upon the issuance of any replacement bond or other evidence of indebtedness the issuer shall notify the paying agent with respect thereto and such paying agent shall not make payment of any portion of the principal or interest of any such mutilated, destroyed, stolen or lost bond…
Neb. Rev. Stat. § 10-130 Replacement bond; blank bond; printing authorized.
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When any of the issuing bodies described in section 10-127 issues bonds or other evidences of indebtedness after April 30, 1971, such body may cause to be printed a sufficient number of blank bonds or other evidences of indebtedness as it shall deem necessary to provide for futur…
Neb. Rev. Stat. § 10-131 Bonds of municipal corporation or political subdivision; signatures.
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Notwithstanding any other provisions of the statutes of the State of Nebraska with respect to the issuance of bonds, interest coupons, and other evidence of indebtedness by any county, city, village, municipal county, school district, public power district, public power and irrig…
Neb. Rev. Stat. § 10-132 Bonds of municipal corporation or political subdivision; seal.
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If any public officer, county clerk, city clerk, or secretary of any governing body is required to affix the seal of his or her office to any such bond or evidence of indebtedness, the seal may be a facsimile of such seal printed on the bond or evidence of indebtedness.
Neb. Rev. Stat. § 10-133 Bonds of municipal corporation or political subdivision; fiscal and consultant fees; how paid.
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Any county, city, village, municipal county, school district, public power district, public power and irrigation district, airport authority, community improvement district, sanitary and improvement district, or any other municipal corporation or political subdivision is hereby a…
Neb. Rev. Stat. § 10-134 Terms, defined.
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As used in sections 10-134 to 10-141, unless the context otherwise requires: (1) Bond shall mean any bonds, notes, interim certificates, evidences of bond ownership, bond anticipation notes, warrants, or other evidence of indebtedness; (2) Bond ordinance shall mean the ordinance …
Neb. Rev. Stat. § 10-135 Fully registered bonds; issuance authorized.
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Any issuer, otherwise authorized to issue bonds, is hereby authorized to issue such bonds as fully registered bonds pursuant to sections 10-134 to 10-141. Fully registered bonds shall be issued on such terms as the authorizing laws shall permit, except as otherwise specifically p…
Neb. Rev. Stat. § 10-136 Fully registered bonds; issuer; registrar; powers and duties.
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For each issue of fully registered bonds, the issuer shall designate a registrar and one or more paying agents. The registrar shall have such duties with respect to maintaining records as to ownership of fully registered bonds and handling transfers of ownership as the governing …