Neb. Rev. Stat. §§ 17-518

Current with changes through the 2024 First Special Legislative Session
Section 17-518 - Streets; improvement; sinking fund; investment

Pending final redemption of warrant or warrants or bond or bonds for paving issued under section 17-516, the city treasurer or village treasurer is authorized to invest such sinking fund in interest-bearing time certificates of deposit in depositories approved and authorized to receive county funds, but in no greater amount in any depository than such depository is authorized to receive deposits of county funds; and the interest arising from such certificate of deposit shall be credited to its respective sinking fund as provided by law.

Neb. Rev. Stat. §§ 17-518

Laws 1923, c. 135, § 1, p. 332; Laws 1927, c. 42, § 1, p. 180; C.S.1929, § 17-432; Laws 1933, c. 136, § 20, p. 532; C.S.Supp.,1941, § 17-432; R.S.1943, § 17-518; Laws 2017, LB 133, § 135.
Amended by Laws 2017, LB 133,§ 135, eff. 8/24/2017.