reglab/housing_qa huggingface dataset:
NE Code § 70-631 (2021)
2021 Nebraska Revised Statutes|Chapter 70 - Power Districts and Corporations|70-631 - Power to borrow; repayment of indebtedness; source of funds; security for indebtedness.

70-631.  Power to borrow; repayment of indebtedness; source of funds; security for indebtedness.Any district organized under or subject to Chapter 70, article 6, shall have the power to borrow money and incur indebtedness for any corporate use or purpose upon such terms and in such manner as such district shall determine. Any and every indebtedness, liability, or obligation of such district for the payment of money, in whatever manner entered into or incurred, and whether arising from contract, implied contract, or otherwise, shall be payable solely (1) from revenue, income, receipts, and profits derived by the district from its operation and management of power plants, systems, irrigation works, hydrogen producing systems, ethanol producing systems, and from the exercise of its rights and powers with respect to utilization of radioactive material or the energy therefrom or (2) from the issuance or sale by the district of its warrants, notes, debentures, bonds, or other evidences of indebtedness, payable solely from such revenue, income, receipts, and profits, or from the proceeds and avails of the sale of property of the district. Any such district may pledge and put up as collateral security for a loan any revenue debentures, notes, warrants, bonds, or other evidences of indebtedness, issued by it. Any district may arrange for, or put up as security for notes or other evidences of indebtedness of such district, the credit of any bank or other financial institution which has been approved by the directors of such district.Source   Laws 1933, c. 86, § 9, p. 350;   Laws 1937, c. 152, § 6, p. 585;   C.S.Supp.,1941, § 70-709;   R.S.1943, § 70-631;   Laws 1944, Spec. Sess., c. 6, § 1(1), p. 110;   Laws 1959, c. 316, § 3, p. 1160;   Laws 1967, c. 422, § 1, p. 1297;   Laws 1981, LB 181, § 21;   Laws 1983, LB 11, § 1;   Laws 1986, LB 1230, § 42;  Laws 2005, LB 139, § 11.  Annotations  That the statute restricts funds out of which a district may pay its liabilities to revenues derived from operation does not render unconstitutional the grant of power to condemn property prior to commencement of operations. Johnson v. Platte Valley Public Power and Irrigation Dist., 133 Neb. 97, 274 N.W. 386 (1937). District is not exempt from payment of charges under Federal Power Act. Central Neb. P. P. & I. Dist. v. Federal Power Commission, 160 F.2d 782 (8th Cir. 1947).
NE Code § 70-632 (2021)
2021 Nebraska Revised Statutes|Chapter 70 - Power Districts and Corporations|70-632 - Indebtedness; pledge of revenue, how made.

70-632.  Indebtedness; pledge of revenue, how made.Any district issuing revenue debentures, notes, warrants, bonds, or other evidences of indebtedness is hereby specifically authorized and empowered to pledge all or any part of the revenue which the district may derive from the sale of electrical energy, hydrogen produced for use in fuel processes, ethanol produced for fuel, storage of water, water for irrigation, radioactive material or the energy therefrom, or other service as security for the payment of the principal and interest thereon. Any such pledge of revenue shall be made by the directors of the district by resolution or by agreement with the purchasers or holders of such revenue debentures, notes, warrants, bonds, or other evidences of indebtedness.Source   Laws 1933, c. 86, § 9, p. 350;   Laws 1937, c. 152, § 6, p. 585;   C.S.Supp.,1941, § 70-709;   R.S.1943, § 70-632;   Laws 1944, Spec. Sess., c. 6, § 1(2), p. 110;   Laws 1959, c. 316, § 4, p. 1161;   Laws 1986, LB 1230, § 43;  Laws 2005, LB 139, § 12.
NE Code § 70-633 (2021)
2021 Nebraska Revised Statutes|Chapter 70 - Power Districts and Corporations|70-633 - Pledge of revenue; terms; directors to prescribe; officer of district; powers authorized.

70-633.  Pledge of revenue; terms; directors to prescribe; officer of district; powers authorized.Any such resolution or agreement may specify the particular revenue that is pledged and the terms and conditions to be performed by the district and the rights of the holders of such revenue debentures, notes, warrants, bonds, or other evidences of indebtedness, and may provide for priorities of liens in any such revenue as between the holders of revenue debentures, notes, warrants, bonds, or other evidences of indebtedness, issued at different times or under different resolutions or agreements. Any resolution authorizing the issuance of notes may provide for a designated officer or officers of the district to sell the notes from time to time at such price or prices and in such amounts as shall be within the limitations set forth in such resolution. Such resolution may also authorize such officer or officers to determine interest rates, maturity dates, and other terms of such notes subject to any limitations which are necessary and appropriate, as determined by the district's board of directors, to effectuate the issuance and purposes of such notes, as set forth in the resolution.Source   Laws 1933, c. 86, § 9, p. 350;   Laws 1937, c. 152, § 6, p. 585;   C.S.Supp.,1941, § 70-709;   R.S.1943, § 70-633;   Laws 1944, Spec. Sess., c. 6, § 1(3), p. 110;   Laws 1983, LB 11, § 2.
NE Code § 70-634 (2021)
2021 Nebraska Revised Statutes|Chapter 70 - Power Districts and Corporations|70-634 - Pledge of revenue; provision for refunding indebtedness.

70-634.  Pledge of revenue; provision for refunding indebtedness.Such resolution or agreement may further provide for the refunding of any such revenue debentures, notes, warrants, bonds or other evidences of indebtedness, through the issuance of other revenue debentures, notes, warrants, bonds or other evidences of indebtedness, entitled to rights and priorities similar in all respects to those held by the revenue debentures, notes, warrants, bonds or other evidences of indebtedness, that are refunded, and for the issuance of such refunding revenue debentures, notes, warrants, bonds or other evidences of indebtedness, either in exchange for revenue debentures, notes, warrants, bonds or other evidences of indebtedness then outstanding, or the sale thereof and the application of the proceeds of such sale to the retirement of the revenue debentures, notes, warrants, bonds or other evidences of indebtedness, then outstanding.Source   Laws 1933, c. 86, § 9, p. 350;   Laws 1937, c. 152, § 6, p. 585;   C.S.Supp.,1941, § 70-709;   R.S.1943, § 70-634;   Laws 1944, Spec. Sess., c. 6, § 1(4), p. 111.
NE Code § 70-635 (2021)
2021 Nebraska Revised Statutes|Chapter 70 - Power Districts and Corporations|70-635 - Pledge of revenue; special fund.

70-635.  Pledge of revenue; special fund.Any such resolution or agreement may provide that all or any part of the revenue of the district shall be paid into a special fund, and may set forth all the terms and conditions on which such special fund is to be collected, held and disposed of, whether partly or wholly for the benefit of the holders of such revenue debentures, notes, warrants, or other evidences of indebtedness. Provision may be made that such special fund shall be held by depositories designated or described in such resolution or agreement.Source   Laws 1933, c. 86, § 9, p. 350;   Laws 1937, c. 152, § 6, p. 585;   C.S.Supp.,1941, § 70-709;   R.S.1943, § 70-635;   Laws 1944, Spec. Sess., c. 6, § 1(5), p. 111.
NE Code § 70-636 (2021)
2021 Nebraska Revised Statutes|Chapter 70 - Power Districts and Corporations|70-636 - District; rates; agreement with security holders.

70-636.  District; rates; agreement with security holders.The directors of any district organized under or subject to Chapter 70, article 6, are authorized to agree with the holders of any such revenue debentures, notes, warrants, bonds, or other evidences of indebtedness as to the maximum or minimum amounts which such district shall charge and collect for water, electric energy, radioactive material or the energy therefrom, hydrogen, ethanol, or other service sold by the district.Source   Laws 1933, c. 86, § 9, p. 350;   Laws 1937, c. 152, § 6, p. 585;   C.S.Supp.,1941, § 70-709;   R.S.1943, § 70-636;   Laws 1944, Spec. Sess., c. 6, § 1(7), p. 113;   Laws 1959, c. 316, § 5, p. 1161;   Laws 1981, LB 181, § 22;   Laws 1986, LB 1230, § 44;  Laws 2005, LB 139, § 13.  Annotations Potentially conflicting interests within a class are incompatible with the maintenance of a true class action and this aspect may be disposed of upon motion for summary judgment. Blankenship v. Omaha P. P. Dist., 195 Neb. 170, 237 N.W.2d 86 (1976).
NE Code § 70-638 (2021)
2021 Nebraska Revised Statutes|Chapter 70 - Power Districts and Corporations|70-638 - Contracts; sealed bids; advertisement.

70-638.  Contracts; sealed bids; advertisement.Prior to advertisement for sealed bids, plans and specifications for the proposed work or materials shall be prepared and filed at the principal office or place of business of the district. Such advertisement shall be made in three issues, not less than seven days between issues, in one or more newspapers of general circulation in the district and in such additional newspapers or trade or technical periodicals as may be selected by the board in order to give proper notice of the receiving of bids. Such advertisement shall designate the nature of the work proposed to be done or materials proposed to be purchased, that the plans and specifications therefor may be inspected at the office of the district, giving the location thereof, and shall designate the time within which bids shall be filed, and the date, hour and place the same shall be opened.Source   Laws 1933, c. 86, § 10, p. 351;   C.S.Supp.,1941, § 70-710;   Laws 1943, c. 146, § 4, p. 524;   R.S.1943, § 70-638;   Laws 1981, LB 34, § 3.
NE Code § 70-639 (2021)
2021 Nebraska Revised Statutes|Chapter 70 - Power Districts and Corporations|70-639 - Letting of contracts; considerations.

70-639.  Letting of contracts; considerations.The board of directors of the district may let the contract for such work or materials to the responsible bidder who submits the lowest and best bid or, in the sole discretion of the board, all bids tendered may be rejected, and readvertisement for bids made, in the manner, form, and time as provided in section 70-638. In determining whether a bidder is responsible, the board may consider the bidder's financial responsibility, skill, experience, record of integrity, ability to furnish repairs and maintenance services, ability to meet delivery or performance deadlines, and whether the bid is in conformance with specifications. Consideration may also be given by the board of directors to the relative quality of supplies and services to be provided, the adaptability of machinery, apparatus, supplies, or services to be purchased to the particular uses required, to the preservation of uniformity, and the coordination of machinery and equipment with other machinery and equipment already installed. No such contract shall be valid nor shall any money of the district be expended thereunder unless advertisement and letting shall have been had as provided in this section and sections 70-637 and 70-638.Source   Laws 1933, c. 86, § 10, p. 351;   C.S.Supp.,1941, § 70-710;   Laws 1943, c. 146, § 4, p. 524;   R.S.1943, § 70-639;   Laws 1951, c. 223, § 1, p. 795;   Laws 1955, c. 269, § 1, p. 848;   Laws 1981, LB 34, § 4.
NE Code § 70-640 (2021)
2021 Nebraska Revised Statutes|Chapter 70 - Power Districts and Corporations|70-640 - Contracts; Nebraska workmen preferred.

70-640.  Contracts; Nebraska workmen preferred.Such contract shall provide that, wherever possible, workmen who are citizens of Nebraska shall be employed by the contractor.Source   Laws 1933, c. 86, § 10, p. 351;   C.S.Supp.,1941, § 70-710;   Laws 1943, c. 146, § 4, p. 524;   R.S.1943, § 70-640.
NE Code § 70-641 (2021)
2021 Nebraska Revised Statutes|Chapter 70 - Power Districts and Corporations|70-641 - Contracts; bonds; laws applicable.

70-641.  Contracts; bonds; laws applicable.All provisions of section 52-118, with reference to contractors' bonds, shall be applicable and effective as to any contract let pursuant to the provisions of sections 70-637 to 70-640, except that with respect to any electric generating facility, the penal sum of any contractor's bond shall be the lesser of the contract amount or two hundred million dollars. The bond required by section 52-118 may be satisfied by a corporate surety or letter of credit, or combination thereof, approved by the district.Source   Laws 1933, c. 86, § 10, p. 351;   C.S.Supp.,1941, § 70-710;   Laws 1943, c. 146, § 4, p. 524;   R.S.1943, § 70-641;  Laws 2003, LB 655, § 9.
NE Code § 70-642 (2021)
2021 Nebraska Revised Statutes|Chapter 70 - Power Districts and Corporations|70-642 - Damage, injury, or impairment to district property; emergencies; procedure.

70-642.  Damage, injury, or impairment to district property; emergencies; procedure.In the event of sudden or unexpected damage, injury or impairment of such plant, works, system, or other property belonging to the district, or an order of a regulatory body which would prevent compliance with section 70-637, the board of directors may, in its discretion, declare an emergency, and proceed with the necessary construction, reconstruction, remodeling, building, alteration, maintenance, repair, extension, or improvement without first complying with the provisions of sections 70-637 to 70-641.Source   Laws 1933, c. 86, § 10, p. 351;   C.S.Supp.,1941, § 70-710;   Laws 1943, c. 146, § 4, p. 523;   R.S.1943, § 70-642;   Laws 1981, LB 34, § 5.
NE Code § 70-642.01 (2021)
2021 Nebraska Revised Statutes|Chapter 70 - Power Districts and Corporations|70-642.01 - Conditions created by war or national defense; contracting requirements inapplicable.

70-642.01.  Conditions created by war or national defense; contracting requirements inapplicable.When, by reason of disturbed or disrupted economic conditions due to the prosecution of war or due to the operation of laws, rules or regulations of governmental authorities, whether enacted, passed, promulgated or issued under or due to the emergency or necessities of war or national defense, the contracting or purchasing by the district, for any one or more of the purposes mentioned in sections 70-637 to 70-640, is so restricted, prohibited, limited, allocated, regulated, rationed, or otherwise controlled, that the letting of contracts therefor, pursuant to the requirements of said sections, is legally or physically impossible or impractical, the provisions of said sections shall not apply to such contracts or purchases.Source   Laws 1943, c. 146, § 4, p. 525;   R.S.1943, § 70-642.01.
NE Code § 70-643 (2021)
2021 Nebraska Revised Statutes|Chapter 70 - Power Districts and Corporations|70-643 - District; funds; how expended; bond, when required.

70-643.  District; funds; how expended; bond, when required.(1) Money of the district shall be paid out or expended only upon the authorization or approval of the board of directors by specific agreement, a written contract, or by a resolution. All money of the district shall be paid out or expended only by check, draft, warrant, or other instrument in writing, signed by the treasurer, assistant treasurer, or such other officer, employee, or agent of the district as shall be authorized by the treasurer to sign in his or her behalf; Provided, such authorization shall be in writing and filed with the secretary of the district.(2) Money of the district paid out or expended shall be examined by the board of directors at a regular meeting within two months following such expenditure.(3) In the event that the treasurer's bond shall not expressly insure the district against loss resulting from the fraudulent, illegal, negligent, or otherwise wrongful or unauthorized acts or conduct by or on the part of any and every person authorized to sign checks, drafts, warrants, or other instruments in writing, there shall be procured and filed with the secretary of the district, together with the written authorization filed with the secretary of the board, a surety bond, effective for protection against such loss, in such form and penal amount and with such corporate surety as shall be approved in writing by the signed endorsement thereon of any two officers of the district other than the treasurer. The secretary shall report to the board at each meeting any such bonds filed, or any change in the status of any such bonds, since the last previous meeting of the board.Source   Laws 1933, c. 86, § 11, p. 353;   C.S.Supp.,1941, § 70-711;   Laws 1943, c. 146, § 5, p. 525;   R.S.1943, § 70-643;   Laws 1981, LB 34, § 6.
NE Code § 70-644 (2021)
2021 Nebraska Revised Statutes|Chapter 70 - Power Districts and Corporations|70-644 - District facilities and property; mortgage authorized; when.

70-644.  District facilities and property; mortgage authorized; when.No power plant, system, or irrigation works owned by a district shall be sold, alienated or mortgaged by such district, except under the circumstances set forth in this section and sections 70-645 to 70-653.02. If, in order to borrow money from the federal government, the Rural Electrification Administration, the Public Works Administration, from any loan or finance corporation or agency established under federal law, including the Reconstruction Finance Corporation, or its successor, or a cooperative nonprofit corporation organized to provide financing, it shall become necessary that a district mortgage, or otherwise hypothecate, any or all of its property or assets to secure the payment of a loan or loans made to it by or from such source or sources, such district is hereby authorized and empowered to do so.Source   Laws 1933, c. 86, § 12, p. 353;   Laws 1937, c. 152, § 7, p. 587;   Laws 1939, c. 88, § 1, p. 382;   C.S.Supp.,1941, § 70-712;   Laws 1943, c. 146, § 6, p. 526;   R.S.1943, § 70-644;   Laws 1972, LB 1347, § 1.  Annotations This section does not conflict with the provisions of former section 70-657 prohibiting lease or alienation by a district of its franchise, plant, or physical equipment. State ex rel. Loseke v. Fricke, 126 Neb. 736, 254 N.W. 409 (1934).
NE Code § 70-645 (2021)
2021 Nebraska Revised Statutes|Chapter 70 - Power Districts and Corporations|70-645 - Pledge of revenue; authorized; when.

70-645.  Pledge of revenue; authorized; when.Nothing in sections 70-644 to 70-653.02 contained shall prevent the district from assigning, pledging, or otherwise hypothecating, its revenue, incomes, receipts, or profits to secure the payment of indebtedness to the federal government; Provided, that the State of Nebraska shall never pledge its credit or funds, or any part thereof, for the payment or settlement of any indebtedness or obligation whatsoever of any district created under or subject to the provisions of Chapter 70, article 6.Source   Laws 1933, c. 86, § 12, p. 353;   Laws 1937, c. 152, § 7, p. 587;   Laws 1939, c. 88, § 1, p. 382;   C.S.Supp.,1941, § 70-712;   Laws 1943, c. 146, § 6, p. 526;   R.S.1943, § 70-645;   Laws 1981, LB 181, § 23.  Annotations District does business at profit or loss so as to be subject to payment of charges under Federal Power Act. Central Neb. P. P. & I. Dist. v. Federal Power Commission, 160 F.2d 782 (8th Cir. 1947).
NE Code § 70-646.01 (2021)
2021 Nebraska Revised Statutes|Chapter 70 - Power Districts and Corporations|70-646.01 - District property; alienation to private power producers prohibited; exceptions.

70-646.01.  District property; alienation to private power producers prohibited; exceptions.Except as provided in sections 18-412.07 to 18-412.09, 70-628.02 to 70-628.04, or 70-644 to 70-653.02, the plant, property, or equipment of a public power district shall never, by sale under foreclosure, receivership, bankruptcy proceedings, outright sale, or lease, become the property or come under the control of any private person, firm, or corporation engaged in the business of generating, transmitting, or distributing electricity for profit. This restriction does not apply to: (1) The exercise by a district of its rights and powers with respect to radioactive material or the energy therefrom; (2) the sales of ethanol production or distribution facilities; (3) the sales of hydrogen production, storage, or distribution facilities; (4) joint participation in any electric generation or transmission facility pursuant to sections 18-412.07 to 18-412.09 and 70-628.02 to 70-628.04; or (5) a nonprofit cooperative corporation that has provided financing for property, projects, or undertakings when such property is covered by a mortgage, pledge of revenue, or other hypothecation to secure the payment of a loan or loans made to a district. This restriction does not apply to a sale, transfer, or lease of property to a nonprofit electric cooperative corporation engaged in the retail distribution of electric energy in established service areas, which cooperative corporation is organized under the laws of the State of Nebraska or domesticated in the State of Nebraska, except that such property so acquired by a cooperative nonprofit corporation organized to provide financing or by a nonprofit electric cooperative corporation shall never become the property or come under the control of any person, firm, or corporation engaged in the business of generating, transmitting, or distributing electricity for profit. This section shall not be construed as an expansion of the authority of public power districts to engage in telecommunications services as may otherwise be authorized by statute.Source   Laws 1997, LB 658, § 12;  Laws 2005, LB 139, § 15.
NE Code § 70-647 (2021)
2021 Nebraska Revised Statutes|Chapter 70 - Power Districts and Corporations|70-647 - Indebtedness; default; possession by creditors; agreement authorized; terms; property restored to district; when.

70-647.  Indebtedness; default; possession by creditors; agreement authorized; terms; property restored to district; when.In order to protect and safeguard the security and the rights of the purchasers or holders of revenue debentures, notes, warrants, or other evidences of indebtedness, issued by any district organized under or subject to Chapter 70, article 6, each such district may agree with such purchasers or holders that in the event of default in the payment of interest on, or principal of, any such revenue debentures, notes, warrants, or other evidences of indebtedness, or in the event of default in performance of any duty or obligation of such district in connection therewith, such purchasers or holders, or trustee selected by them, may take possession and control of the business and the property of the district, and proceed to operate the same, and to collect and receive the income thereof, and after paying all necessary and proper operating expenses and all other proper disbursements or liabilities made or incurred, use the surplus, if any there be, of the revenue of the district as follows: (1) In the payment of all outstanding past-due interest on each issue of revenue debentures, notes, warrants, or other evidences of indebtedness, so far as such net revenue will go, and paying pro rata the interest due on each issue thereof when there is not enough to pay in full all of the interest; and (2) if any sums shall remain after the payment of interest as aforesaid, then in the payment of the revenue debentures, notes, warrants, or other evidences of indebtedness, which, by the terms thereof, shall be due and payable on each outstanding issue in accordance with the terms thereof, and paying pro rata when the money available is not sufficient to pay in full. When all legal taxes and charges, and all arrears of interest, and all matured revenue debentures, notes, warrants, or other evidences of indebtedness, have been paid in full, the control of the business and the possession of the property of the district shall then be restored to such district. The privilege herein granted shall be a continuing one as often as the occasion therefor may arise.Source   Laws 1937, c. 152, § 7, p. 587;   Laws 1939, c. 88, § 1, p. 382;   C.S.Supp.,1941, § 70-712;   Laws 1943, c. 146, § 6, p. 526;   R.S.1943, § 70-647;   Laws 1981, LB 181, § 24.