Chapter 58 — MONEY AND FINANCING
293 sections in this chapter.
Repealed. Laws 2001, LB 300, § 10.
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[Repealed or reserved.]
Repealed. Laws 2001, LB 300, § 10.
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[Repealed or reserved.]
Repealed. Laws 2001, LB 300, § 10.
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[Repealed or reserved.]
Repealed. Laws 2001, LB 300, § 10.
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[Repealed or reserved.]
Repealed. Laws 2001, LB 300, § 10.
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[Repealed or reserved.]
Repealed. Laws 2001, LB 300, § 10.
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[Repealed or reserved.]
Repealed. Laws 2001, LB 300, § 10.
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[Repealed or reserved.]
Repealed. Laws 2001, LB 300, § 10.
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[Repealed or reserved.]
Repealed. Laws 2001, LB 300, § 10.
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[Repealed or reserved.]
Repealed. Laws 2001, LB 300, § 10.
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[Repealed or reserved.]
Repealed. Laws 2011, LB 5, § 1.
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[Repealed or reserved.]
Neb. Rev. Stat. § 58-501 Act, how cited.
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Sections 58-501 to 58-533 shall be known and may be cited as the Nebraska Redevelopment Act.
Neb. Rev. Stat. § 58-502 Legislative findings.
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The Legislature finds and declares the following facts and purposes of the Nebraska Redevelopment Act: (1) It is the policy of this state to make revisions in its statutory structure if this will encourage both new and existing businesses to relocate to and expand in Nebraska and…
Neb. Rev. Stat. § 58-503 Terms, defined.
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For purposes of the Nebraska Redevelopment Act, the following definitions apply: (1) Any term not otherwise defined has the same meaning as used in the Interlocal Cooperation Act; (2) Area application means the area application in section 58-504; (3) Area of operation means and i…
Neb. Rev. Stat. § 58-504 Designated blighted and substandard area; application; hearing; approval.
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(1) Any city or joint entity may apply to the state to designate an area as a designated blighted and substandard area under the Nebraska Redevelopment Act. Such area may extend up to ten miles outside of the area of operation of an applying city of the metropolitan or primary cl…
Neb. Rev. Stat. § 58-505 Redevelopment project; application; hearing; approval.
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(1) A company may file a project application with the city or joint entity that filed the area application for the designated blighted and substandard area to undertake and complete a redevelopment project in such designated area and to obtain tax increment financing under the Ne…
Neb. Rev. Stat. § 58-506 Act; how construed.
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The Nebraska Redevelopment Act shall be construed in accordance with the authority granted by Article VIII, section 12, of the Constitution of Nebraska.
Neb. Rev. Stat. § 58-507 Property taxes; how divided.
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The project agreement shall contain a provision that all property taxes levied on the assessed valuation of the real property or personal property, or both, in the project area of the redevelopment project by or for the benefit of all taxing bodies shall be divided, for a period …
Neb. Rev. Stat. § 58-508 Redevelopment project valuation; county assessor; duties.
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Commencing on the effective date of the project agreement, the county assessor, or county clerk if he or she is ex officio county assessor, of the county or counties in which the redevelopment project is located, shall transmit to the contracting public body and to the county tre…
Neb. Rev. Stat. § 58-509 Property taxes; how treated.
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In each year after the determination of a redevelopment project valuation as outlined in section 58-508, the county assessor and the county board of equalization of each affected county shall include no more than the redevelopment project valuation of the taxable real property an…
Neb. Rev. Stat. § 58-510 Pledge of taxes; authorized.
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In the proceedings for the issuance of bonds, the making of loans or advances of money, or the incurring of any indebtedness, whether funded, refunded, assumed, or otherwise, by a contracting public body to finance or refinance, in whole or in part, a redevelopment project, the p…
Neb. Rev. Stat. § 58-511 Penal bond; required.
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Any company entering into a project agreement for the undertaking of a redevelopment project pursuant to the Nebraska Redevelopment Act which contains the provision outlined in section 58-507 shall be required before commencing work to execute, in addition to all bonds that may b…
Neb. Rev. Stat. § 58-512 Powers supplemental; act, how construed.
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The powers conferred by the Nebraska Redevelopment Act shall be in addition and supplemental to the powers conferred by any other law and shall be independent of and in addition to any other provision of the laws of the state with reference to the matters covered thereby and shal…
Neb. Rev. Stat. § 58-513 Contracting public body; powers.
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The contracting public body shall have all the powers necessary or convenient to carry out and effectuate the purposes and provisions of the Nebraska Redevelopment Act, including, but not limited to, the following powers: (1) All authority, powers, and duties which such contracti…
Neb. Rev. Stat. § 58-514 Bonds; issuance.
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The contracting public body may issue bonds from time to time for any of its corporate purposes as specified in a project agreement or with respect to the acquisition, rehabilitation, or redevelopment of property in a designated blighted and substandard area or as otherwise permi…
Neb. Rev. Stat. § 58-515 Bonds; liability; how paid; notes.
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The contracting public body, the members of the governing body of the contracting public body, and any person executing the bonds shall not be liable personally on the bonds by reason of the issuance of the bonds. The bonds and other obligations of the contracting public body, an…
Neb. Rev. Stat. § 58-516 Bonds; how issued.
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Bonds of a contracting public body shall be authorized by resolution of its governing body and may be issued in one or more series and shall bear such date or dates, be payable upon demand or mature at such time or times, bear interest at such rate or rates, be in such denominati…
Neb. Rev. Stat. § 58-517 Bonds; how sold.
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The bonds may be sold by the contracting public body in such manner and for such price as the contracting public body determines, at a discount, at par, or at a premium, at private negotiated sale or at public sale after notice published prior to such sale in a legal newspaper ha…
Neb. Rev. Stat. § 58-518 Bonds; signatures; negotiability.
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In case any of the members or officers of the contracting public body whose signatures appear on any bonds shall cease to be such members or officers before the delivery of such bonds, such signatures shall, nevertheless, be valid and sufficient for all purposes, as if such membe…
Neb. Rev. Stat. § 58-519 Bonds; presumption of validity.
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In any suit, action, or proceedings involving the validity or enforceability of any bond of a contracting public body or the security therefor brought after the lapse of thirty days after the bonds are issued, any such bond reciting in substance that it has been issued by the con…
Neb. Rev. Stat. § 58-520 Bonds; leases; contracting public body; powers.
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In connection with the issuance of bonds or the incurring of obligations under leases and in order to secure the payment of such bonds or obligations, the contracting public body, in addition to its other powers, may: (1) Pledge all or any part of its gross or net rents, fees, or…
Neb. Rev. Stat. § 58-521 Default; contracting public body; powers.
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The contracting public body may by resolution, trust indenture, mortgage, lease, or other contract confer upon any obligee holding or representing a specified amount in bonds, the right to, in addition to all rights that may otherwise be conferred, upon the happening of an event …
Neb. Rev. Stat. § 58-522 Obligee; rights.
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An obligee of a contracting public body shall have the right in addition to all other rights which may be conferred upon such obligee, subject only to any contractual restrictions binding upon such obligee: (1) By mandamus, suit, action, or proceeding at law or in equity to compe…
Neb. Rev. Stat. § 58-523 Bonds; authorized investment.
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All public officers, municipal corporations, political subdivisions, and public bodies; all banks, trust companies, bankers, savings banks, financial institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying on a…
Neb. Rev. Stat. § 58-524 Bond validation proceeding; appeal.
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(1) Any contracting public body may determine its authority to incur indebtedness and to apply or pledge the ad valorem taxes, all as provided in the Nebraska Redevelopment Act, and the legality of all proceedings in connection therewith. For this purpose a petition may be filed …
Neb. Rev. Stat. § 58-525 Bonds or certificates; validation.
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(1) Bonds or certificates, when validated under section 58-524, shall have stamped or written on the bond or certificate, by the proper officers of such contracting public body issuing them, a statement in substantially the following form: "This bond is one of a series of bonds w…
Neb. Rev. Stat. § 58-526 Public body or taxing body; supplemental powers.
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In addition to any other provisions governing any public body or taxing body set forth in the Nebraska Redevelopment Act, for the purpose of aiding and cooperating in the planning, undertaking, or carrying out of a redevelopment project located within the area in which it is auth…
Neb. Rev. Stat. § 58-527 Sale, conveyance, lease, or agreement; how made.
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Any sale, conveyance, lease, or agreement provided for in section 58-526 may be made by a public body or taxing body without appraisal, public notice, advertisement, or public bidding.
Neb. Rev. Stat. § 58-528 Contracting public body; estimate of expenses; appropriations; bonds authorized.
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A contracting public body may, at such time as it may deem necessary, file with the governing body or governing bodies to which it relates an estimate of the amounts necessary to be appropriated by the governing body or governing bodies to defray the expense of the contracting pu…
Neb. Rev. Stat. § 58-529 School districts; additional expenses; appropriations.
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Any school district impacted by a project approved under the Nebraska Redevelopment Act, the Invest Nebraska Act, or the Quality Jobs Act may file with the governing body an estimate of the amount of additional expenses of the school district as a result of the project which is i…
Neb. Rev. Stat. § 58-530 Presumption of compliance.
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Any instrument executed by a contracting public body and purporting to convey any right, title, or interest in any property under the Nebraska Redevelopment Act shall be conclusive evidence of compliance with the provisions of the act insofar as title or other interest of any bon…
Neb. Rev. Stat. § 58-531 Act; how construed.
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The Nebraska Redevelopment Act shall be full authority for the creation of or to act as a contracting public body by a city or cities and for the exercise of the powers of the act granted to a city or cities and to such contracting public bodies, and no action, proceeding, or ele…
Neb. Rev. Stat. § 58-532 Act; when operative.
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The Nebraska Redevelopment Act becomes operative on February 1, 1995, and shall apply to all area applications and project applications filed on or after such date.
Neb. Rev. Stat. § 58-533 Filing of applications; limitation.
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There shall be no area applications or project applications filed on or after February 1, 2000, without further authorization of the Legislature, except that all area applications, all project applications, and all project agreements pending, approved, or entered into before such…
Repealed. Laws 2007, LB 136, § 11.
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[Repealed or reserved.]
Repealed. Laws 2007, LB 136, § 11.
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[Repealed or reserved.]
Repealed. Laws 2007, LB 136, § 11.
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[Repealed or reserved.]
Repealed. Laws 2007, LB 136, § 11.
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[Repealed or reserved.]
Repealed. Laws 2007, LB 136, § 11.
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[Repealed or reserved.]
Repealed. Laws 2007, LB 136, § 11.
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[Repealed or reserved.]