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Code · Nebraska · Chapter 10 — Bonds

10-1204. Credit facility; authorized; approval; terms and conditions.

104 words·~1 min read·/ne/chapter-10/10-1204

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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 supported by a credit facility provided by a United States governmental enterprise. Any credit facility shall be approved by a measure adopted before or after issuance of any bonds. Each credit facility shall have such terms and conditions as shall be approved by a measure adopted by the governmental unit before or after the issuance of bonds.
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