85-410. Campus buildings and facilities; revenue bonds; issuance; public purpose; exempt from taxation.
88 words·~1 min read·
/ne/chapter-85/85-410A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In exercising the powers granted it under sections 85-401 to 85-411 , and in issuing revenue bonds as provided in sections 85-403 to 85-411 , the board exercising such powers or issuing the bonds shall constitute and be and is hereby created as a public corporation organized for educational purposes and is declared to be a governmental subdivision and instrumentality of the State of Nebraska, and all bonds issued under the authority of sections 85-403 to 85-411 , together with interest thereon, shall be wholly exempt from taxation.