Nebraska Statutes 14-529. Street improvements; bonds; issuance; interest; term
Current as of: 2023 | Check for updates
|
Other versions
Bonds issued under the authority of the provisions of section 14-528 shall be denominated bonds to finance street improvements, shall be issued and sold in accordance with the provisions of section 14-515 governing the issuance and sale of bonds, and shall bear an interest rate not greater than the rate of interest specified in such section regarding general bonds of the city. Such bonds so issued may be made payable in not less than five years and in not more than twenty years from date of issue.
Source
- Laws 1921, c. 116, art. IV, § 23, p. 479;
- C.S.1922, § 3649;
- C.S.1929, § 14-526;
- R.S.1943, § 14-529;
- Laws 1947, c. 15, § 9, p. 87;
- Laws 2022, LB800, § 180.
Terms Used In Nebraska Statutes 14-529
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC