reglab/housing_qa huggingface dataset:
NE Code § 58-257 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-257 - Bond resolution; provisions enumerated.

58-257.  Bond resolution; provisions enumerated.Any resolution authorizing the issuance of bonds may contain provisions, which provisions shall be a part of the contract or contracts with the holders of such bonds, as to:(1) Pledging all or any part of the revenue of the authority to secure the payment of the bonds, subject to such agreements with bondholders as then exist;(2) Pledging all or any part of the assets of the authority, including financing agreements, mortgages, and obligations securing the same, to secure the payment of the bonds, subject to such agreements with bondholders as then exist;(3) The use and disposition of the gross income from financing agreements, mortgages, or loans owned by the authority and payment of the principal of mortgages or loans owned by the authority;(4) The setting aside of reserves or sinking funds and the regulation and disposition thereof;(5) Limitations on the purposes to which the proceeds from the sale of bonds may be applied and pledging the proceeds to secure the payment of the bonds;(6) Limitations on the issuance of additional bonds, the terms upon which additional bonds may be issued and secured, and the refunding of outstanding or other bonds;(7) The procedure, if any, by which the terms of any contract with bondholders may be amended or abrogated, the amount of bonds the holders of which must consent thereto, and the manner in which the consent may be given;(8) Limitations on the amount of money to be expended by the authority for operating expenses of the authority;(9) Vesting in a trustee or trustees such property, rights, powers, and duties in trust as the authority may determine and limiting or abrogating the right of bondholders to appoint a trustee or limiting the rights, powers, and duties of the trustees;(10) Defining the acts or omissions to act which shall constitute a default and the obligations or duties of the authority to the holders of the bonds and providing for the rights and remedies of the holders of the bonds in the event of default, including as a matter of right the appointment of a receiver, except that the rights and remedies shall not be inconsistent with the general laws of this state and other provisions of the Nebraska Investment Finance Authority Act; and(11) Any other matter of like or different character which in any manner affects the security or protection of the holders of the bonds.Source   Laws 1983, LB 626, § 57;   Laws 1991, LB 253, § 57.
NE Code § 58-258 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-258 - Authority; pledge; effect; lien; recording; not required.

58-258.  Authority; pledge; effect; lien; recording; not required.Any pledge made by the authority shall be valid and binding from the time when the pledge is made. The revenue, money, or properties so pledged and thereafter received by the authority shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act, and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract, or otherwise against the authority, irrespective of whether the parties have notice thereof. Neither the resolution nor any other instrument by which a pledge is created need be recorded.Source  Laws 1983, LB 626, § 58.
NE Code § 58-259 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-259 - Authority; purchase bonds of authority; canceled; price.

58-259.  Authority; purchase bonds of authority; canceled; price.Subject to such agreements with bondholders as then exist, the authority may, out of any funds available therefor, purchase bonds of the authority which shall thereupon be canceled at any reasonable price which, if the bonds are then redeemable, shall not exceed the redemption price then applicable plus accrued interest to the next interest payment on such bonds.Source   Laws 1983, LB 626, § 59;   Laws 1991, LB 253, § 58.
NE Code § 58-260 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-260 - Bonds; secured by trust indenture; contents; expenses; how treated.

58-260.  Bonds; secured by trust indenture; contents; expenses; how treated.The bonds may be secured by a trust indenture, which trust indenture may be in the form of a bond resolution or similar contract, by and between the authority and a corporate trustee which may be any financial institution having the power of a trust company or any trust company within or outside the state. Such trust indenture may contain such provisions for protecting and enforcing the rights and remedies of the bondholders as may be reasonable and proper and not in violation of law, including covenants setting forth the duties of the authority in relation to the exercise of its powers and the custody, safekeeping, and application of all money. The authority may provide by the trust indenture for the payment of the proceeds of the bonds and the revenue to the trustee under the trust indenture or other depository and for the method of disbursement of such proceeds, with such safeguards and restrictions as the authority may determine. All expenses incurred in carrying out the trust indenture may be treated as a part of the operating expenses of the authority. If the bonds are secured by a trust indenture, the bondholders shall have no authority to appoint a separate trustee to represent them.Source   Laws 1983, LB 626, § 60;   Laws 1991, LB 253, § 59.
NE Code § 58-261 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-261 - Bonds; negotiable instruments.

58-261.  Bonds; negotiable instruments.The bonds are hereby made negotiable instruments, whether or not in the form of negotiable instruments, subject only to provisions of the bonds relating to registration.Source   Laws 1983, LB 626, § 61;   Laws 1991, LB 253, § 60.
NE Code § 58-262 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-262 - Bonds; signatures of prior members or officers; validity.

58-262.  Bonds; signatures of prior members or officers; validity.In the event that any of the members or officers of the authority cease to be members or officers of the authority prior to the delivery of any bonds or coupons signed by them, their signatures or facsimiles thereof shall nevertheless be valid and sufficient for all purposes as if such members or officers had remained in office until such delivery.Source   Laws 1983, LB 626, § 62;   Laws 1991, LB 253, § 61.
NE Code § 58-263 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-263 - Authority; establish funds.

58-263.  Authority; establish funds.The authority may create and establish any funds as may be necessary or desirable for its purposes.Source  Laws 1983, LB 626, § 63.
NE Code § 58-264 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-264 - Authority; money; deposits; secured; expenditures.

58-264.  Authority; money; deposits; secured; expenditures.All money of the authority, except as otherwise authorized or provided in the Nebraska Investment Finance Authority Act, shall be deposited as soon as practical in a separate account or accounts in banks or trust companies organized under the laws of this state or in national banking associations. The money in such accounts shall be paid out on checks signed by the executive director or other officers or employees of the authority as the authority authorizes. All deposits of money shall, if required by the authority, be secured in such a manner as the authority determines to be prudent, and all banks or trust companies may give security for the deposits.Source   Laws 1983, LB 626, § 64;   Laws 1991, LB 253, § 62.
NE Code § 58-265 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-265 - Authority; bondholders; contract; purposes; money; how secured.

58-265.  Authority; bondholders; contract; purposes; money; how secured.Notwithstanding the provisions of section 58-264, the authority may contract with the holders of any of its bonds as to the custody, collection, securing, investment, and payment of any money of the authority and of any money held in trust or otherwise for the payment of bonds and may carry out such contract. Money held in trust or otherwise for the payment of bonds or in any way to secure bonds and deposits of money may be secured in the same manner as money of the authority, and all banks and trust companies may give security for the deposits.Source   Laws 1983, LB 626, § 65;   Laws 1991, LB 253, § 63.
NE Code § 58-266 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-266 - Bondholders; pledge; agreement of the state.

58-266.  Bondholders; pledge; agreement of the state.The state hereby pledges to and agrees with the holder of any bonds issued under the Nebraska Investment Finance Authority Act that the state will not limit or alter the rights vested in the authority to fulfill the terms of any agreements made with the holders of the bonds or in any way impair the rights or remedies of the holders until the bonds, together with the interest on such bonds, with interest on any unpaid installments of interest, and with all costs and expenses in connection with any action or proceeding by or on behalf of the holders, are fully met and discharged. The authority may include this pledge and agreement of the state in any agreement with the holders of the bonds.Source   Laws 1983, LB 626, § 66;   Laws 1991, LB 253, § 64.
NE Code § 58-267 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-267 - Authority; expenses; how paid; liability of state or political subdivision; prohibited.

58-267.  Authority; expenses; how paid; liability of state or political subdivision; prohibited.All expenses incurred by the authority in carrying out the Nebraska Investment Finance Authority Act shall be payable solely from funds provided under such act, and nothing in such act shall be construed to authorize the authority to incur indebtedness or liability on behalf of or payable by this state or any political subdivision of this state.Source  Laws 1983, LB 626, § 67.
NE Code § 58-268 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-268 - Authority; property; public; exempt from taxation; when; dissolution; assets; how distributed.

58-268.  Authority; property; public; exempt from taxation; when; dissolution; assets; how distributed.All property acquired or held by the authority to carry out the purposes of the Nebraska Investment Finance Authority Act is declared to be public property. The property to the extent such property is used for a public purpose, all the income from such property, bonds issued under such act, interest payable on such bonds, and income derived from such bonds shall at all times be exempt from all taxes imposed by the state or any county, city, or other political subdivision of the state. The authority may, in the resolution authorizing the issuance of any series of bonds, elect to have the income on such bonds be subject to personal income taxation imposed by the state. If the authority is dissolved, the ownership of any assets remaining after all indebtedness and other obligations of the authority have been discharged shall pass to the state. Notwithstanding that title to a project may be in the authority, such project shall be subject to taxation to the same extent, in the same manner, and under the same procedures as privately owned property in similar circumstances if such project is leased to or held by private interests.Source   Laws 1983, LB 626, § 68;   Laws 1991, LB 253, § 65;  Laws 2001, LB 173, § 18.
NE Code § 58-269 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-269 - Bonds; legal investments; for whom; considered securities.

58-269.  Bonds; legal investments; for whom; considered securities.The bonds issued by and under the authority of the Nebraska Investment Finance Authority Act by the authority are declared to be legal investments in which all public officers or public bodies of this state, its political subdivisions, all municipalities and municipal subdivisions, all insurance companies and associations and other persons carrying on insurance business, all banks, bankers, banking associations, trust companies, savings associations, savings and loan associations, building and loan associations, investment companies, and other persons carrying on a banking business, all administrators, guardians, executors, trustees, personal representatives, and other fiduciaries, and all other persons who are now or may later be authorized to invest in bonds or in other obligations of this state may invest funds, including capital, in their control or belonging to them. Such bonds are also hereby made securities which may be deposited with and received by all public officers and bodies of this state, any agency or political subdivision of this state, and all municipalities and public corporations for any purpose for which the deposit of bonds or other obligations of this state is now or may be later authorized by law.Source   Laws 1983, LB 626, § 69;   Laws 1991, LB 253, § 66.
NE Code § 58-271 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-271 - Act, how construed.

58-271.  Act, how construed.Neither the Nebraska Investment Finance Authority Act nor anything contained in such act is or shall be construed as a restriction or limitation upon any powers which the authority might otherwise have under any other law of this state, and such act is cumulative to such powers. Such act does and shall be construed to provide a complete, additional, and alternative method for the doing of the things authorized and shall be regarded as supplemental and additional to powers conferred by any other laws. The issuance of bonds under the provisions of such act need not comply with the requirements of any other state laws applicable to the issuance of bonds, notes, and other obligations. No proceedings, notice, or approval shall be required for the issuance of any bonds or any instrument or the security therefor, except as provided in such act. All projects for which funds are advanced, loaned, or otherwise provided by the authority under such act must be in compliance with any land-use, zoning, subdivision, and other laws of this state applicable to the lands upon which such project is to be constructed or located.Source  Laws 1983, LB 626, § 71.
NE Code § 58-272 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-272 - Authority; successor to certain entities; transfer of property, funds, and obligations to authority; actions by predecessor entities; how treated.

58-272.  Authority; successor to certain entities; transfer of property, funds, and obligations to authority; actions by predecessor entities; how treated.The authority shall be the successor to the Nebraska Mortgage Finance Fund, the Agricultural Development Corporation, and the Nebraska Development Finance Fund. All properties, rights in land, buildings, records, and equipment and any funds, money, revenue, receipts, or assets of the Nebraska Mortgage Finance Fund, the Agricultural Development Corporation, and the Nebraska Development Finance Fund shall belong to the authority as successor. All obligations, debts, commitments, and liabilities of the Nebraska Mortgage Finance Fund, the Agricultural Development Corporation, and the Nebraska Development Finance Fund shall become obligations, debts, commitments, and liabilities of the authority. Any resolution with respect to the issuance of bonds by the Nebraska Mortgage Finance Fund, the Agricultural Development Corporation, or the Nebraska Development Fund and any other action taken by the Nebraska Mortgage Finance Fund, the Agricultural Development Corporation, or the Nebraska Development Finance Fund with respect to assisting in the financing of any project shall be a resolution of the authority or an action taken by the authority. The rules and regulations adopted by the Nebraska Mortgage Finance Fund, the Agricultural Development Corporation, and the Nebraska Development Finance Fund shall remain in effect until amended, repealed, or replaced by the authority. If a project application is pending before the Nebraska Mortgage Finance Fund, the Nebraska Agricultural Development Corporation, or the Nebraska Development Finance Fund on August 26, 1983, and such project is eligible to be financed under the Nebraska Mortgage Finance Fund Act, the Nebraska Agricultural Development Corporation Act, or the Nebraska Development Finance Fund Act, such project shall be deemed to be eligible for financing by the authority.Source  Laws 1983, LB 626, § 72.
NE Code § 58-501 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-501 - Act, how cited.

58-501.  Act, how cited.Sections 58-501 to 58-533 shall be known and may be cited as the Nebraska Redevelopment Act.Source  Laws 1995, LB 830, § 1.
NE Code § 58-502 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-502 - Legislative findings.

58-502.  Legislative findings.The Legislature finds and declares the following facts and purposes of the Nebraska Redevelopment Act:(1) It is the policy of this state to make revisions in its statutory structure if this will encourage both new and existing businesses to relocate to and expand in Nebraska and to provide appropriate inducements to encourage them to do so if this will aid in the economic and population growth of the state and help create better jobs for the citizens of the State of Nebraska and if this can be done in a fiscally sound and effective manner;(2) The prevention and elimination of blighted and substandard areas is a matter of state public policy and public interest;(3) There exists in and around certain cities of this state areas which are blighted and substandard due to a lack of sufficient economic activity, public and private infrastructure, job growth, wage levels, population growth, low-income and moderate-income housing, business expansion, and new construction;(4) Such conditions have prevented economic and population growth in certain areas and are beyond remedy solely by the normal regulatory process and the ordinary operations of private enterprise; and(5) The elimination of such conditions through the rehabilitation, acquisition, and redevelopment of such areas, and the application of ad valorem taxes on new investment in such areas, as provided in the act, are public uses and public purposes which the Legislature intends that the act will help accomplish.Source  Laws 1995, LB 830, § 2.
NE Code § 58-506 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-506 - Act; how construed.

58-506.  Act; how construed.The Nebraska Redevelopment Act shall be construed in accordance with the authority granted by Article VIII, section 12, of the Constitution of Nebraska.Source  Laws 1995, LB 830, § 6.
NE Code § 58-507 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-507 - Property taxes; how divided.

58-507.  Property taxes; how divided.The project agreement shall contain a provision that all property taxes levied on the assessed valuation of the real property or personal property, or both, in the project area of the redevelopment project by or for the benefit of all taxing bodies shall be divided, for a period not to exceed fifteen years after the effective date of such project agreement, as follows:(1) That portion of the property tax which is produced by the levy at the rate fixed each year by or for each such taxing body upon the redevelopment project valuation shall be paid into the funds of each such taxing body in the same proportion as are all other taxes collected by or for such taxing body; and(2) That portion of the property tax on real property, personal property, or both, as provided in the project agreement in the redevelopment project in excess of such amount, if any, shall be allocated to and, when collected, paid into a special fund established by the contracting public body to pay the principal of, the interest on, and any premiums due in connection with the bonds, loans, notes, advances of money, or other indebtedness incurred by, whether funded, refunded, assumed, or otherwise, such contracting public body for financing or refinancing, in whole or in part, such redevelopment project. When such bonds, loans, notes, advances of money, or other indebtedness, including interest and premiums due, have been paid, the contracting public body shall so notify the county assessor and county treasurer and all property taxes upon taxable real property and personal property in such redevelopment project shall thereafter be paid into the funds of and applied as all other taxes of the respective taxing bodies.Source  Laws 1995, LB 830, § 7.
NE Code § 58-508 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-508 - Redevelopment project valuation; county assessor; duties.

58-508.  Redevelopment project valuation; county assessor; duties.Commencing on the effective date of the project agreement, the county assessor, or county clerk if he or she is ex officio county assessor, of the county or counties in which the redevelopment project is located, shall transmit to the contracting public body and to the county treasurer, upon request, the redevelopment project valuation and shall annually certify to such contracting public body and the county treasurer the current valuation for assessment of taxable real property and personal property in the redevelopment project. The county assessor shall undertake, upon request of such contracting public body, an investigation, examination, and inspection of the taxable real property and taxable personal property in the redevelopment project and shall reaffirm or revalue the current value for assessment for such property in accordance with the findings of such investigation, examination, and inspection.Source  Laws 1995, LB 830, § 8.
NE Code § 58-509 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-509 - Property taxes; how treated.

58-509.  Property taxes; how treated.In each year after the determination of a redevelopment project valuation as outlined in section 58-508, the county assessor and the county board of equalization of each affected county shall include no more than the redevelopment project valuation of the taxable real property and taxable personal property in the redevelopment project in the assessed valuation upon which is computed the rates of all taxes levied by any taxing body on such project. In each year for which the current assessed valuation on taxable real property and taxable personal property in the redevelopment project exceeds the redevelopment project valuation, the county treasurer shall remit to the contracting public body, instead of to any taxing body, that proportion of all property taxes on real property and personal property paid that year on the redevelopment project which such excess valuation bears to the current assessed valuation.Source  Laws 1995, LB 830, § 9.
NE Code § 58-510 (2021)
2021 Nebraska Revised Statutes|Chapter 58 - Money and Financing|58-510 - Pledge of taxes; authorized.

58-510.  Pledge of taxes; authorized.In the proceedings for the issuance of bonds, the making of loans or advances of money, or the incurring of any indebtedness, whether funded, refunded, assumed, or otherwise, by a contracting public body to finance or refinance, in whole or in part, a redevelopment project, the portion of taxes mentioned in subdivision (2) of section 58-507 shall be pledged for the payment of the principal of, premium, if any, and interest on such bonds, loans, notes, advances, or indebtedness.Source  Laws 1995, LB 830, § 10.