If any tax is levied or general obligation bonds are issued by a city of the metropolitan class as authorized under sections 18-501 to 18-511, the amount of such tax that may be levied by the provisions of section 14-365.01, or the amount of general obligation bonds that may be issued by the provisions of section 14-365.07 by such city must be reduced by the amount of the tax levied or bonds issued as authorized under sections 18-501 to 18-511.

Source

Terms Used In Nebraska Statutes 14-365.12

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.