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Code · Nebraska · Chapter 39 — Highways and Bridges

39-2927. Debt service coverage ratio; requirements.

41 words·~1 min read·/ne/chapter-39/39-2927

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

(1)The investment program shall maintain a debt service coverage ratio consistent with prudent fiscal standards and bond covenants.
(2)No obligation shall be issued that would cause the debt or liability of the investment program to exceed available pledged revenue.
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