10-713. Sinking fund; investment; requirements; interest earned; how credited.
Any money in the hands of any treasurer as a sinking fund for the redemption of bonds which are a valid and legal obligation of the school district to which such money belongs or for the payment of interest on any such bonds, and which is not currently required to retire bonds and pay interest on bonds, shall be invested by the treasurer, when so ordered by the school board or board of education, (1) in bonds, treasury bills or notes of the United States, or (2) in interest-bearing time certificates of deposit in depositories approved and authorized to receive county money, but in no greater amount in any such depository than the same is authorized to receive deposits of county funds. The interest earned on such investments shall be credited to the sinking fund from which the invested funds were drawn.
Source
Annotations
School district sinking fund should be invested by county treasurer only when ordered by school board. School District No. 22, of Harlan County v. Harlan County, 127 Neb. 4, 254 N.W. 701 (1934).
Structure Nebraska Revised Statutes
10-102 - Remittances; how made; expenses.
10-103 - Payment; cancellation and return; duty of state agent.
10-105 - Donations to railroad corporations; conditions; noncompliance; effect.
10-106 - County bonds; registration; procedure; certified statement; record.
10-107 - County bonds; statement of county indebtedness; duties of county clerk; compensation.
10-110 - County bonds; retirement; taxes; levy and collection; duties of county clerk.
10-111 - County bonds; retirement; interest; payment; sinking fund; investment; conditions.
10-112 - County bonds; retirement; payment out of state; procedure.
10-113 - County treasurer; liability for bond funds.
10-114 - County bonds; payment; cancellation at maturity; procedure; expenses.
10-115 - Statement of business transacted; duties of county treasurer and county clerk.
10-120 - Precinct refunding bonds; sale authorized; use of proceeds.
10-123 - Precinct, township, or school district bonds; duty of local boards.
10-124 - Precinct, township, or school district bonds; duty of county clerk; record; contents; fee.
10-127 - Replacement bond; issuance authorized; when.
10-128 - Replacement bond; issuance; procedure.
10-129 - Replacement bond; issuance; notice.
10-130 - Replacement bond; blank bond; printing authorized.
10-131 - Bonds of municipal corporation or political subdivision; signatures.
10-132 - Bonds of municipal corporation or political subdivision; seal.
10-135 - Fully registered bonds; issuance authorized.
10-136 - Fully registered bonds; issuer; registrar; powers and duties.
10-137 - Bond anticipation notes; issuance authorized; conditions.
10-138 - Refunding warrants; issuance authorized; conditions.
10-139 - County treasurer or other officer holding funds; duties.
10-140 - Issuance of bonds; recording requirements.
10-141 - Registrar's records; available for inspection; when.
10-142 - Refunding bonds; issuance; conditions; application of proceeds.
10-143 - Sections, how construed.
10-144 - Bonds issued by agency or political subdivision; registration not required.
10-145 - Political subdivision; Internet auction system; authorized.
10-301 - Power and duty of political subdivisions.
10-302 - Conditions; procedure.
10-303 - Coupon bonds; issuance; conditions; limitations.
10-304 - Coupon bonds; terms; rate of interest; tax levy.
10-305 - Coupon bonds; record; duty of local board.
10-401 - County and city bonds; issuance; conditions; limitations.
10-402 - County and city bonds; election; proposition; contents.
10-403 - County and city bonds; proposition; rate of interest.
10-404 - County and city bonds; publication required; resubmission limited.
10-405 - County and city bonds; payment; tax levy.
10-408 - Courthouse bonds; election; procedure.
10-501 - Issuance; conditions; limitations.
10-503 - Sale; price; duties of county board; vote.
10-504 - Sale; proceeds; disposition; exchange.
10-505 - Payment; notice to holders; cancellation; form.
10-506 - Record; contents; duty of county treasurer.
10-508 - County board; adopt rules and regulations.
10-509 - Prohibited acts; penalty.
10-606 - City of the second class and village; issuance; limitations; election; notice.
10-609 - Precinct refunding bonds; issuance; condition.
10-610 - Precinct refunding bonds; terms; recitals; remedies.
10-611 - Precinct refunding bonds; payable to bearer; delivery; sale; price.
10-612 - Precinct refunding bonds; payment; tax levy.
10-616 - Refunding bonds; issuance by annexing city or village.
10-617 - Refunding bonds; construction of sections.
10-701 - Issuance; purposes; power of district officers.
10-703 - Issuance; election; resolution of board; petition; form; content; exception.
10-703.01 - Issuance; election; notice; counting of ballots; canvass of vote.
10-705 - Terms; rate of interest.
10-707 - Issuance; statement; contents; certification.
10-711 - Tax levy; sinking fund; exception; funds; distribution.
10-712 - School district, defined.
10-713 - Sinking fund; investment; requirements; interest earned; how credited.
10-714 - Payment out of state; procedure.
10-715 - Sinking fund; liability of county treasurer; unexpended balance; disposition.
10-716 - Payment; duty of county treasurer; expenses; record; duty of county clerk.
10-717 - Refunding bonds; authorized; limitation.
10-718 - Refunding bonds; required statement.
10-719 - Refunding bonds; election not required; payment; tax levy.
10-801 - Issuance; purposes; limit; election required; power of county board.
10-802 - Issuance; terms; election; notice; vote.
10-804 - Election; proposition; contents; payment; tax levy.
10-805 - Election; proposition; contents; sinking fund; creation; use.
10-807 - Misrepresentations for aid; penalty.
10-1102 - Applicability of act.
10-1106 - Enforcement; determination of default.
10-1202 - Legislative findings.
10-1204 - Credit facility; authorized; approval; terms and conditions.
10-1205 - Credit facility or related agreement; payments authorized.
10-1206 - Act; construction with other law or home rule charters.