77-2376. Local hospital district; excess deposit; security requirements.
93 words·~1 min read·
/ne/chapter-77/77-2376A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The secretary-treasurer may deposit in any bank, capital stock financial institution, or qualifying mutual financial institution of the local hospital district in which he or she is secretary-treasurer amounts in excess of amounts authorized in section 77-2375 when
(1)the depository secures the deposits by giving security as provided in the Public Funds Deposit Security Act and
(2)the same is approved by a formal resolution of the board of directors. Section 77-2366 shall apply to deposits in capital stock financial institutions. Section 77-2365.01 shall apply to deposits in qualifying mutual financial institutions.