Chapter 58 — MONEY AND FINANCING
293 sections in this chapter.
Neb. Rev. Stat. § 58-824 Authority; office; location.
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The authority may maintain an office at such place or places within Nebraska as it may designate.
Neb. Rev. Stat. § 58-825 Authority; sue and be sued.
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The authority may sue and be sued in its own name.
Neb. Rev. Stat. § 58-826 Authority; powers over project.
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The authority may determine the location and character of any project to be financed or refinanced under the Nebraska Educational, Health, Cultural, and Social Services Finance Authority Act and acquire, construct, reconstruct, improve, equip, remodel, renovate, replace, maintain…
Neb. Rev. Stat. § 58-827 Authority; issuance of bonds authorized.
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The authority may issue bonds of the authority for any of its corporate purposes and fund or refund the same pursuant to the Nebraska Educational, Health, Cultural, and Social Services Finance Authority Act.
Neb. Rev. Stat. § 58-828 Authority; charge for services.
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The authority may charge and collect rates, rents, fees, and other charges for the use of and for the services furnished or to be furnished by a project or any portion thereof and contract with any person, partnership, limited liability company, association, or corporation or oth…
Neb. Rev. Stat. § 58-829 Authority; rules and regulations for use of project; designate agent.
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The authority may establish rules and regulations for the use of a project or any portion thereof and designate an eligible institution as its agent to establish rules and regulations for the use of a project undertaken by such eligible institution.
Neb. Rev. Stat. § 58-830 Authority; personnel.
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The authority may employ consulting engineers, architects, attorneys, accountants, trustees, construction and finance experts, superintendents, managers, and such other employees and agents as may be necessary in its judgment, and fix their compensation.
Neb. Rev. Stat. § 58-831 Authority; receive loans, grants, and contributions.
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The authority may receive and accept from any source loans or grants for or in aid of the acquisition, construction, improvement, equipment, or renovation of a project or any portion thereof, and receive and accept from any source loans, grants, aid, or contributions of money, pr…
Neb. Rev. Stat. § 58-832 Authority; mortgage of certain property.
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The authority may mortgage all or any portion of any project or any other facilities conveyed to the authority for such purpose and the site or sites thereof, whether presently owned or subsequently acquired, for the benefit of the holders of the bonds of the authority issued to …
Neb. Rev. Stat. § 58-833 Authority; loans authorized; limitation.
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The authority may make loans to any eligible institution for the cost of any project or in anticipation of the receipt of tuition or other revenue by the eligible institution in accordance with an agreement between the authority and such eligible institution, except that (1) no s…
Neb. Rev. Stat. § 58-834 Authority; issue bonds; make loans; conditions.
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The authority may issue bonds and make loans to an eligible institution and refund or reimburse outstanding obligations, mortgages, or advances, including advances from an endowment or any similar fund, issued, made, or given by such eligible institution for the cost of a project…
Neb. Rev. Stat. § 58-835 Authority; administrative costs; apportionment.
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The authority may charge to and equitably apportion among participating eligible institutions its administrative costs and expenses incurred in the exercise of the powers and duties conferred by the Nebraska Educational, Health, Cultural, and Social Services Finance Authority Act…
Neb. Rev. Stat. § 58-836 Authority; general powers; joint projects.
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The authority may do all things necessary or convenient to carry out the purposes of the Nebraska Educational, Health, Cultural, and Social Services Finance Authority Act. In carrying out the purposes of the act, the authority may undertake a project for two or more eligible inst…
Neb. Rev. Stat. § 58-837 Authority; combine and substitute projects; bonds; additional series.
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Notwithstanding any other provision contained in the Nebraska Educational, Health, Cultural, and Social Services Finance Authority Act, the authority may combine for financing purposes, with the consent of all of the eligible institutions which are involved, the project or projec…
Neb. Rev. Stat. § 58-838 Expenses; how paid; liability; limitation.
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All expenses incurred in carrying out the Nebraska Educational, Health, Cultural, and Social Services Finance Authority Act shall be payable solely from funds provided under the act, and no liability or obligation shall be incurred by the authority beyond the extent to which mone…
Neb. Rev. Stat. § 58-839 Authority; acquisition of property.
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The authority is authorized and empowered, directly or by and through an eligible institution, as its agent, to acquire by purchase, gift, or devise, such lands, structures, property, real or personal, rights, rights-of-way, franchises, easements, and other interests in lands, an…
Neb. Rev. Stat. § 58-840 Authority; financing obligations completed; convey title to eligible institution.
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When the principal of and interest on bonds of the authority issued to finance the cost of a particular project or projects for an eligible institution, including any refunding bonds issued to refund and refinance such bonds, have been fully paid and retired or when adequate prov…
Neb. Rev. Stat. § 58-841 Authority; bonds; issuance; form; proceeds; how used; replacement; liability; liability insurance; indemnification.
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The authority is hereby authorized to provide by resolution, at one time or from time to time, for the issuance of bonds for the purpose of (1) paying, refinancing, or reimbursing all or any part of the cost of a project, (2) administering and operating the Nebraska Health Educat…
Neb. Rev. Stat. § 58-842 Bond issuance; resolution; provisions enumerated.
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Any resolution or resolutions authorizing any bonds or any issue of bonds and any trust indenture securing any bonds or any issue of bonds may contain provisions, which shall be a part of the contract with the holders of the bonds to be authorized, as to (1) pledging or assigning…
Neb. Rev. Stat. § 58-843 Bonds; secured by trust indenture; contents; expenses; how treated.
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In the discretion of the authority any bonds issued under the Nebraska Educational, Health, Cultural, and Social Services Finance Authority Act may be secured by a trust indenture, which trust indenture may be in the form of a bond resolution or similar contract, by and between t…
Neb. Rev. Stat. § 58-844 Bonds issued to purchase securities of eligible institution; provisions applicable.
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In addition to any other methods of financing authorized in the Nebraska Educational, Health, Cultural, and Social Services Finance Authority Act, the authority may finance the cost of a project or program, refund outstanding indebtedness, or reimburse advances from an endowment …
Neb. Rev. Stat. § 58-845 Bonds issued to acquire federally guaranteed securities; provisions applicable.
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Notwithstanding any other provision of the Nebraska Educational, Health, Cultural, and Social Services Finance Authority Act to the contrary, the authority may finance the cost of a project or program, refund outstanding indebtedness, or reimburse advances from any endowment or a…
Neb. Rev. Stat. § 58-846 Refunding bonds; issuance authorized; provisions applicable.
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The authority is hereby authorized to provide by resolution for the issuance of refunding bonds for the purpose of refunding any bonds then outstanding which have been issued by it under the Nebraska Educational, Health, Cultural, and Social Services Finance Authority Act, includ…
Neb. Rev. Stat. § 58-847 Bond issuance; state or political subdivision; no obligation; statement; expenses.
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Bonds issued pursuant to the Nebraska Educational, Health, Cultural, and Social Services Finance Authority Act shall not be deemed to constitute a debt of the state or of any political subdivision thereof or a pledge of the faith and credit of the state or of any such political s…
Neb. Rev. Stat. § 58-848 Authority; rents or loan payments; use.
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Except for projects financed or refinanced pursuant to sections 58-844 and 58-845, the authority shall fix, revise, charge, and collect rents or loan payments for the use of or payment for each project and contract with any eligible institution in respect thereof. Each lease or l…
Neb. Rev. Stat. § 58-849 Money received by authority; deemed trust funds; investment.
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All money received by the authority, whether as proceeds from the sale of bonds, from revenue, or otherwise, shall be deemed to be trust funds to be held and applied solely as provided in the Nebraska Educational, Health, Cultural, and Social Services Finance Authority Act but, p…
Neb. Rev. Stat. § 58-850 Bondholders and trustee; enforcement of rights.
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Any holder of bonds or of any of the coupons appertaining thereto issued under the Nebraska Educational, Health, Cultural, and Social Services Finance Authority Act and the trustee under any trust indenture, except to the extent the rights given in the act may be restricted by th…
Neb. Rev. Stat. § 58-851 Act, how construed.
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The Nebraska Educational, Health, Cultural, and Social Services Finance Authority Act, being necessary for the welfare of the state and its inhabitants, shall be liberally construed to effect the purposes thereof.
Neb. Rev. Stat. § 58-852 Authority; journal; public records.
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All final actions of the authority shall be recorded in a journal, and the journal and all instruments and documents relating thereto shall be kept on file at the office of the authority and shall be open to the inspection of the public at all reasonable times.
Neb. Rev. Stat. § 58-853 Authority; public purpose; exemptions from taxation.
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The exercise of the powers granted by the Nebraska Educational, Health, Cultural, and Social Services Finance Authority Act shall be in all respects for the benefit of the people of the state, for the increase of their commerce, welfare, and prosperity, for the fostering, encoura…
Neb. Rev. Stat. § 58-854 Bondholders; pledge; agreement of the state.
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The State of Nebraska does hereby pledge to and agree with the holders of any obligations issued under the Nebraska Educational, Health, Cultural, and Social Services Finance Authority Act and with those parties who may enter into contracts with the authority pursuant to the act …
Neb. Rev. Stat. § 58-855 Act; supplemental to other laws.
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The Nebraska Educational, Health, Cultural, and Social Services Finance Authority Act shall be deemed to provide a complete, additional, and alternative method for doing the things authorized in the act and shall be regarded as supplemental and additional to powers conferred by o…
Neb. Rev. Stat. § 58-856 Act; provisions controlling.
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To the extent that the Nebraska Educational, Health, Cultural, and Social Services Finance Authority Act is inconsistent with the provisions of any general statute or special act or parts thereof, the Nebraska Educational, Health, Cultural, and Social Services Finance Authority A…
Neb. Rev. Stat. § 58-857 Nebraska Health Education Assistance Loan Program; established.
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There is hereby established, in accordance with Public Law 94-484, the Nebraska Health Education Assistance Loan Program, to be financed by the authority in the manner provided in the Nebraska Educational, Health, Cultural, and Social Services Finance Authority Act.
Neb. Rev. Stat. § 58-858 Nebraska Health Education Assistance Loan Program; authority; powers.
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The authority may: (1) Make loans; (2) Participate in the financing of loans; (3) Purchase or participate in the purchase of loans; (4) Sell or participate in the sale of loans; (5) Collect and pay reasonable fees and charges in connection with the exercise of the powers provided…
Neb. Rev. Stat. § 58-859 Nebraska Health Education Assistance Loan Program; loans; how funded.
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Any loan made, purchased, or caused to be made or purchased pursuant to section 58-858 may be funded with the proceeds of bonds, notes, or other obligations of the authority issued pursuant to sections 58-857 to 58-862. The resolution or trust indenture creating such bonds, notes…
Neb. Rev. Stat. § 58-860 Nebraska Health Education Assistance Loan Program; bonds or other obligations; how paid.
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Notwithstanding section 58-841, all bonds, notes, or other obligations issued by the authority for the Nebraska Health Education Assistance Loan Program shall be payable out of the revenue generated in connection with loans funded under sections 58-857 to 58-862, or from reserves…
Neb. Rev. Stat. § 58-861 Nebraska Health Education Assistance Loan Program; bonds; security.
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Notwithstanding section 58-843, the principal of and interest on any bonds issued by the authority for the Nebraska Health Education Assistance Loan Program shall be secured by a pledge of the revenue and other money out of which such principal and interest shall be made payable …
Neb. Rev. Stat. § 58-862 Nebraska Health Education Loan Repayment Fund; created; use.
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There is hereby created a separate fund, to be known as the Nebraska Health Education Loan Repayment Fund, which shall consist of all revenue generated in connection with loans funded pursuant to the Nebraska Educational, Health, Cultural, and Social Services Finance Authority Ac…
Neb. Rev. Stat. § 58-863 Nebraska Student Loan Assistance Program; established.
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There is hereby established the Nebraska Student Loan Assistance Program to be financed by the authority in the manner provided in the Nebraska Educational, Health, Cultural, and Social Services Finance Authority Act.
Neb. Rev. Stat. § 58-864 Nebraska Student Loan Assistance Program; authority; powers.
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The authority may: (1) Make loans to private institutions of higher education to assist such institutions in providing loans to their full-time students to assist them in financing the cost of their education while taking courses leading to an academic degree; (2) Participate in …
Neb. Rev. Stat. § 58-865 Nebraska Student Loan Assistance Program; loans; how funded.
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Any loan made or caused to be made or purchased pursuant to section 58-864 may be funded with the proceeds of bonds, notes, or other obligations of the authority issued pursuant to this section and sections 58-841, 58-846, 58-863, and 58-864. The resolution or trust indenture cre…
Neb. Rev. Stat. § 58-866 Change in name; effect.
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(1) It is the intent of the Legislature that the changes made by Laws 1993, LB 465, in the name of the Nebraska Educational Facilities Authority Act to the Nebraska Educational Finance Authority Act and in the name of the Nebraska Educational Facilities Authority to the Nebraska …