reglab/housing_qa huggingface dataset:
NE Code § 58-241 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-241 - Authority; coordinate activities with state.

58-241.  Authority; coordinate activities with state.In exercising any powers granted in the Nebraska Investment Finance Authority Act, the authority shall coordinate its activities with the policy, program, and planning efforts of the state, particularly the Governor's Policy Research Office and the Department of Economic Development.Source  Laws 1983, LB 626, § 41.
NE Code § 58-242 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-242 - Authority; agricultural projects; duties.

58-242.  Authority; agricultural projects; duties.Prior to exercising any of the powers authorized by the Nebraska Investment Finance Authority Act regarding agricultural projects as defined in subdivision (2) of section 58-219, the authority shall require:(1) That no loan will be made to any person with a net worth of more than five hundred thousand dollars;(2) That the lender certify and agree that it will use the proceeds of such loan, investment, sale, or assignment within a reasonable period of time to make loans or purchase loans to provide agricultural enterprises or, if such lender has made a commitment to make loans to provide agricultural enterprises on the basis of a commitment from the authority to purchase such loans, such lender will make such loans and sell the same to the authority within a reasonable period of time;(3) That the lender certify that the borrower is an individual who is actively engaged in or who will become actively engaged in an agricultural enterprise after he or she receives the loan or that the borrower is a firm, partnership, limited liability company, corporation, or other entity with all owners, partners, members, or stockholders thereof being natural persons who are actively engaged in or who will be actively engaged in an agricultural enterprise after the loan is received;(4) That the aggregate amount of the loan received by a borrower shall not exceed five hundred seventeen thousand seven hundred dollars, as such amount shall be adjusted for inflation in accordance with section 147(c) of the Internal Revenue Code of 1986, as amended. In computing such amount a loan received by an individual shall be aggregated with those loans received by his or her spouse and minor children and a loan received by a firm, partnership, limited liability company, or corporation shall be aggregated with those loans received by each owner, partner, member, or stockholder thereof; and(5) That the recipient of the loan be identified in the minutes of the authority prior to or at the time of adoption by the authority of the resolution authorizing the issuance of the bonds which will provide for financing of the loan.Source   Laws 1983, LB 626, § 42;   Laws 1991, LB 253, § 43;   Laws 1993, LB 121, § 356;  Laws 2005, LB 90, § 17;  Laws 2015, LB515, § 1.
NE Code § 58-243 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-243 - Authority; agricultural projects; powers.

58-243.  Authority; agricultural projects; powers.Prior to exercising any of the powers conferred by the Nebraska Investment Finance Authority Act regarding agricultural projects as defined in subdivision (2) of section 58-219, the authority may, but need not:(1) Require that the loan involved be insured by a loan insurer or be guaranteed by a loan guarantor;(2) Require any type of security that it deems reasonable and necessary; or(3) Authorize the reservation of funds by lenders in such amount and subject to such conditions as the authority considers reasonable and necessary.Source   Laws 1983, LB 626, § 43;   Laws 1991, LB 253, § 44.
NE Code § 58-244 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-244 - Authority; agricultural projects; adopt rules and regulations.

58-244.  Authority; agricultural projects; adopt rules and regulations.Prior to exercising any of the powers granted under the Nebraska Investment Finance Authority Act regarding agricultural projects as defined in subdivision (2) of section 58-219, the authority shall adopt rules and regulations governing its activities authorized under the act, including rules and regulations relating to any or all of the following:(1) Procedures for the submission of requests or invitations and proposals for making loans to lenders and the investment in, purchase, assignment, and sale of loans;(2) The reinvestment by lenders of the proceeds or an equivalent amount from any loan to lenders or the investment in or purchase by the authority or the assignment or sale of loans to the authority in loans to provide for financing agricultural enterprises;(3) The number and location of agricultural projects and other characteristics of agricultural enterprises, including, to the extent reasonably possible, assurance that the agricultural enterprises to be financed by an issue of bonds or series of issues will improve employment conditions or otherwise enhance the welfare of persons in the agricultural sector, as determined by the authority, to be financed directly or indirectly by the authority pursuant to the act;(4) Rates, fees, charges, and other terms and conditions of originating or servicing loans in order to protect against realization of an excessive financial return or benefit by the originator or servicer;(5) The type and amount of collateral or security to be provided to insure repayment of loans made by the authority;(6) The type of collateral, payment bonds, performance bonds, or other security to be provided for any construction loans made by a lender;(7) The nature and amount of fees to be charged by the authority to provide for expenses and reserves of the authority;(8) Standards and requirements for the allocation of available money among lenders and the determination of the maturities, terms, conditions, and interest rates for loans made, purchased, sold, assigned, or committed pursuant to the act;(9) Commitment requirements for agricultural financing by lenders involving money provided directly or indirectly by the authority; and(10) Any other matters related to the duties or exercise of the authority's powers or duties under the act.Source   Laws 1983, LB 626, § 44;   Laws 1991, LB 253, § 45.
NE Code § 58-245 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-245 - Agricultural projects; loan; reports required; contents.

58-245.  Agricultural projects; loan; reports required; contents.(1) For each loan made, purchased, sold, assigned, or committed for use in agricultural projects as defined in subdivision (2) of section 58-219 pursuant to the provisions of the Nebraska Investment Finance Authority Act, the authority shall prepare an individual written report which includes the following information:(a) The name and description of the lender;(b) The name of the loan guarantor or loan insurer, when applicable;(c) The amount and purpose of the loan;(d) A description of the agricultural enterprise for which the loan is to be used, including the county in which the enterprise is located;(e) The rate of interest applicable to the loan and the current interest rate in the conventional farm credit market for that locality;(f) The maturity date of the loan;(g) All conditions attaching to the loan;(h) The amount and description of fees associated with servicing and processing the loan;(i) Whether the borrower is an individual farmer, a farm partnership, a farm limited liability company, a farm corporation, or another farm entity;(j) The age of the borrower or, if the borrower is a farm partnership, a farm limited liability company, a farm corporation, or another farm entity, the ages of all of the owners, partners, or stockholders; and(k) A statement of the gross farm sales, total assets, total liabilities, and net worth of each borrower.(2) The authority shall also prepare, following the close of each fiscal year, a report which summarizes the individual loan reports required by subsection (1) of this section setting forth the following information regarding loans made during the immediately preceding fiscal year:(a) The number of loans;(b) The average principal amount of such loans;(c) The average interest rate savings with respect to such loans;(d) The average age of the borrowers;(e) The average net worth of the borrowers; and(f) A comparison of the items listed in subdivisions (a) through (e) of this subsection to the information included in the summary report for the prior year.Source   Laws 1983, LB 626, § 45;   Laws 1991, LB 253, § 46;   Laws 1993, LB 121, § 357.
NE Code § 58-246 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-246 - Agricultural projects; loan reports; public information; borrower's name omitted.

58-246.  Agricultural projects; loan reports; public information; borrower's name omitted.The reports required pursuant to section 58-245 shall be public information. No such report shall reveal the name of any individual borrower. The authority shall, following the close of each fiscal year, deliver to the Governor and to the Clerk of the Legislature a set of the individual reporting forms from the preceding year together with the report required pursuant to subsection (2) of section 58-245. The reporting forms and the report submitted to the Clerk of the Legislature shall be submitted electronically. Any member of the Legislature shall receive an electronic copy of such reports by making a request to the chairperson of the authority.Source   Laws 1983, LB 626, § 46;   Laws 1991, LB 253, § 47;  Laws 2012, LB782, § 85.
NE Code § 58-247 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-247 - Authority; housing projects; powers.

58-247.  Authority; housing projects; powers.Prior to exercising any of the powers conferred by the Nebraska Investment Finance Authority Act regarding housing projects as defined in subdivision (1) of section 58-219, the authority may:(1) Require that the mortgage or mortgage loan involved be insured by a mortgage insurer;(2) Require any type of security that it deems reasonable and necessary; or(3) Authorize the reservation of funds by mortgage lenders in such amount and subject to such conditions as the authority considers reasonable and necessary under the act.Source   Laws 1983, LB 626, § 47;   Laws 1991, LB 253, § 48.
NE Code § 58-248 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-248 - Authority; housing projects; adopt rules and regulations.

58-248.  Authority; housing projects; adopt rules and regulations.Prior to exercising any of the powers granted under the Nebraska Investment Finance Authority Act regarding housing projects as defined in subdivision (1) of section 58-219, the authority shall adopt rules and regulations governing its activities authorized under the act, including rules and regulations relating to any or all of the following:(1) Procedures for the submission of requests or invitations and proposals for making loans to mortgage lenders and the investment in, purchase, assignment, and sale of mortgages or mortgage loans;(2) The reinvestment by mortgage lenders of the proceeds or an equivalent amount from any loan to mortgage lenders or the investment in or purchase by the authority or the assignment or sale of mortgages or mortgage loans to the authority in mortgages or mortgage loans to provide residential housing for low-income or moderate-income persons, particularly first-time homebuyers;(3) The number of dwelling units, location of the units, and other characteristics of residential housing, including, to the extent reasonably possible, assurance that the residential housing to be financed by an issue of bonds or series of issues will be an adequate mixture of low-income and moderate-income residential housing benefiting particularly first-time homebuyers, as determined by the authority, to be financed directly or indirectly by the authority pursuant to the act;(4) Rates, fees, charges, and other terms and conditions of originating or servicing loans, mortgages, or mortgage loans in order to protect against realization of an excessive financial return or benefit by the originator or servicer;(5) The type and amount of collateral or security to be provided to assure repayment of loans made by the authority;(6) The type of collateral, payment bonds, performance bonds, or other security to be provided for any mortgage loans made by a mortgage lender for construction loans;(7) The nature and amount of fees to be charged by the authority to provide for expenses and reserves of the authority;(8) Standards and requirements for the allocation of available money among mortgage lenders and the determination of the maturities, terms, conditions, and interest rates for loans, mortgages, or mortgage loans made, purchased, sold, assigned, or committed pursuant to the act;(9) Commitment requirements for residential housing financing for low-income and moderate-income persons by mortgage lenders involving money provided directly or indirectly by the authority;(10) The procedures, standards, commitment requirements, and other matters necessary to offer an effective residential energy conservation loan program; or(11) Any other matters related to the duties or exercise of the authority's powers or duties under the act.Source   Laws 1983, LB 626, § 48;   Laws 1991, LB 253, § 49.
NE Code § 58-249 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-249 - Authority; low-income housing loans; establish funds.

58-249.  Authority; low-income housing loans; establish funds.The purpose of this section is to make loans available for single-family housing to people who due to low income would not otherwise qualify for loans under the normal lending practices of the lender and the authority.In connection with any issuance of bonds in an aggregate principal amount of fifty million dollars or more for purposes of financing residential housing, the authority shall establish within such bond issue a fund of at least one million dollars to finance mortgages for low-income persons at an interest rate below the interest rate which otherwise applies to mortgages financed from such bond issue.Source   Laws 1983, LB 626, § 49;   Laws 1991, LB 253, § 50.
NE Code § 58-250 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-250 - Authority; development projects; adopt rules and regulations.

58-250.  Authority; development projects; adopt rules and regulations.Prior to exercising any of the powers granted under the Nebraska Investment Finance Authority Act relating to development projects as defined in subdivisions (3) and (5) of section 58-219, the authority shall adopt rules and regulations governing its activities authorized under such act, including rules and regulations relating to any or all of the following:(1) The type and amount of collateral or security to be provided to insure repayment of loans made by the authority;(2) The type of collateral, payment bonds, performance bonds, or other security to be provided for any mortgage or loan made for projects;(3) The nature and amount of fees to be charged by the authority to provide for expenses and reserves of the authority;(4) Standards and requirements for determination of the maturities, terms, conditions, and interest rates for loans or mortgages made, purchased, sold, assigned, or committed; and(5) Any other matters related to the duties or exercise of the authority's powers or duties under the act.Source   Laws 1983, LB 626, § 50;   Laws 1989, LB 706, § 8;   Laws 1991, LB 253, § 51.
NE Code § 58-251 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-251 - Authority; development project; make specific findings.

58-251.  Authority; development project; make specific findings.Prior to providing financing for a development project as defined by subdivision (3) of section 58-219, the authority shall make specific findings relating to the public purposes to be effectuated thereby, including but not limited to (1) with respect to a project as defined in subdivision (3)(a), (3)(b), or (3)(c) of section 58-219, the project's effect on the economic base, the tax base, tax revenue, and employment opportunities, and (2) with respect to a project as defined in subdivision (3)(d) of section 58-219, the project's effect on the provision, including the continued provision, of health care and related services.Source  Laws 1983, LB 626, § 51.
NE Code § 58-252 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-252 - Authority; borrow money and issue bonds; purposes.

58-252.  Authority; borrow money and issue bonds; purposes.The authority may borrow money and issue from time to time its bonds in such principal amounts as the authority determines necessary to provide sufficient funds to carry out its purposes which include:(1) Carrying out the additional powers of the Nebraska Investment Finance Authority Act;(2) The payment of interest on bonds issued under the act;(3) The establishment of reserves to secure the bonds in an amount not to exceed twenty-five percent of the aggregate principal amount of the particular issue of bonds; and(4) All other expenditures of the authority incident to and necessary and convenient to carry out its purposes and powers.Source   Laws 1983, LB 626, § 52;   Laws 1991, LB 253, § 52.
NE Code § 58-253 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-253 - Authority; issue bonds to renew, pay, or refund bonds.

58-253.  Authority; issue bonds to renew, pay, or refund bonds.The authority may issue from time to time bonds to renew or to pay bonds, including the interest on such bonds, and whenever it deems refunding expedient, to refund any bonds by the issuance of new bonds, whether the bonds to be refunded have or have not matured and whether or not the project as originally financed with the bonds would at the time of the refunding qualify as a project, and may issue bonds partly to refund outstanding bonds and partly for any other of its corporate purposes. The refunding bonds may be sold and the proceeds applied to the purchase, redemption, or payment of the bonds to be refunded or exchanged for the bonds to be refunded.Bonds originally issued by any municipality, county, hospital authority, housing authority, or other political subdivision may be subject to refunding pursuant to this section if the original issuer and beneficiary of the bonds request the authority to issue refunding bonds and the bonds to be refunded financed a project which would at the time of refunding qualify as a project.Source   Laws 1983, LB 626, § 53;   Laws 1991, LB 253, § 53;   Laws 1992, LB 1257, § 71.
NE Code § 58-254 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-254 - Authority; bond issuance; general obligation; how paid and secured.

58-254.  Authority; bond issuance; general obligation; how paid and secured.Unless otherwise expressly provided by the authority, every issue of its bonds shall be general obligations of the authority payable solely out of any revenue or money of the authority, subject only to any agreements with the holders of particular bonds pledging any particular money or revenue. The bonds may be additionally secured by a pledge of any grant or contribution from the federal government or any corporation, association, institution, or person or a pledge of any money, income, or revenue of the authority from any source.Source   Laws 1983, LB 626, § 54;   Laws 1991, LB 253, § 54.
NE Code § 58-255 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-255 - Authority; bond issuance; state; no obligation; statement.

58-255.  Authority; bond issuance; state; no obligation; statement.No bonds issued by the authority under the Nebraska Investment Finance Authority Act shall constitute a debt, liability, or general obligation of this state or a pledge of the faith and credit of this state but shall be payable solely as provided by section 58-254. Each bond issued under the act shall contain on the face of such bond a statement that neither the faith and credit nor the taxing power of this state is pledged to the payment of the principal of or the interest on such bond.Source   Laws 1983, LB 626, § 55;   Laws 1991, LB 253, § 55.
NE Code § 58-256 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-256 - Bond resolution; contents; sale; manner; declaratory judgment.

58-256.  Bond resolution; contents; sale; manner; declaratory judgment.The authority shall authorize the bonds by a resolution. The bonds shall bear such date or dates and shall mature at such time or times as such resolution provides, except that no bond other than bonds issued to finance rental housing projects or residential housing shall mature more than thirty years from the date of its issue as the resolution provides. In no case shall any bond mature more than fifty years from the date of issue. The bonds shall bear interest at such rate or rates, including variations of such rates, be in such denominations, be in such form, either coupon or registered, carry such registration privileges, be executed in such manner, be payable in such medium of payment at such place or places, and be subject to such terms of redemption, including redemption prior to maturity, as such resolution provides, except that facsimile signatures of all members of the authority shall be sufficient only if the resolution requires that the trustee for such bond issue manually authenticate each bond and the resolution permits the use of facsimile signatures. The resolution authorizing the bonds may provide that the bonds contain a recital that they are issued under the Nebraska Investment Finance Authority Act, and such recital shall be deemed conclusive evidence of the validity of the bonds and the regularity of the issuance. The provisions of section 10-126 shall not apply to bonds issued by the authority. Bonds of the authority may be sold by the authority at a public or private sale and at such price or prices as the authority shall determine.The authority may bring an action for declaratory judgment to determine the validity of any issuance or proposed issuance of its bonds under the act and the legality and validity of all proceedings previously taken or proposed in a resolution of the authority to be taken for the authorization, issuance, sale, and delivery of such bonds and for the payment of the principal of and interest on such bonds.Source   Laws 1983, LB 626, § 56;   Laws 1984, LB 372, § 11;   Laws 1991, LB 253, § 56.