Nebraska Statutes 58-206. Assistance and expertise; provided by single finance and development entity; legislative findings
The Legislature further finds that:
Terms Used In Nebraska Statutes 58-206
- Bond: shall mean any bond, note, debenture, interim certificate, bond anticipation note, or other evidence of financial indebtedness. See Nebraska Statutes 58-210
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- State: shall mean the State of Nebraska. See Nebraska Statutes 58-224
(1) In many instances local communities, citizens of the state, and private enterprise lack the knowledge and technical expertise necessary to take advantage of the public purpose financings offered by the Nebraska Mortgage Finance Fund, the Nebraska Development Finance Fund, the Agricultural Development Corporation, and local industrial development revenue bond options, resulting in less than full realization of the public purpose benefits of such financings to the state and its citizens;
(2) It is in the interest of the state and its citizens, as well as local communities, to provide assistance and expertise to enable local communities, citizens, and private enterprise to more fully realize the benefits available to the general public; and
(3) Such assistance and expertise can be provided by a single quasi-governmental entity with a professional staff.