Nebraska Revised Statutes
Chapter 58 - Money and Financing
58-802 - Legislative findings.

58-802. Legislative findings.
The Legislature finds and declares that:
(1) For the benefit of the people of the State of Nebraska, the increase of their commerce, welfare, and prosperity, and the fostering, protection, and improvement of their health and living conditions, it is essential that this and future generations of youth be given the greatest opportunity to learn and to fully develop their intellectual and mental capacities and skills and that there be encouraged, promoted, and supported adequate health, social, cultural, and emergency services for the general welfare of, care of, and assistance to the people of the state;
(2) To achieve these ends it is of the utmost importance and in the public interest that private institutions of higher education within the state be provided with appropriate additional means of assisting such youth in achieving the required levels of learning and development of their intellectual and mental capacities and skills, that private health care institutions and private social services institutions within the state be provided with appropriate additional means of caring for and protecting the public health and welfare, and that private cultural institutions within the state be provided with appropriate additional means of assisting with the preservation and promotion of the cultural and artistic enrichment of the people of this state;
(3) It is the purpose of the Nebraska Educational, Health, Cultural, and Social Services Finance Authority Act to provide a measure of assistance and an alternative method of enabling private institutions of higher education, private health care institutions, private cultural institutions, and private social services institutions in the state to finance the acquisition, construction, improvement, equipment, and renovation of needed educational, health care, cultural, and social services facilities and structures and to refund, refinance, or reimburse outstanding indebtedness incurred by them or advances made by them, including advances from an endowment or any other similar fund, for the acquisition, construction, improvement, equipment, or renovation of needed educational, health care, cultural, and social services facilities and structures;
(4) The financing and refinancing of educational, health care, cultural, and social services facilities, through means other than the appropriation of public funds to private institutions of higher education, private health care institutions, private cultural institutions, and private social services institutions, as described in the act, is a valid public purpose;
(5) The availability of improved access to health profession schools will benefit the people of the State of Nebraska and improve their health, welfare, and living conditions;
(6) The establishment of a health education loan program, with the proceeds of bonds to be used for the purchase or making of loans to students or certain former students of health profession schools, will improve the access to such schools and assist such persons in meeting the expenses incurred in availing themselves of health education opportunities; and
(7) The establishment of a program to assist private institutions of higher education to provide loans to their full-time students pursuing an academic degree will improve access to higher education and contribute to the health, welfare, and living conditions in Nebraska.
Source

Structure Nebraska Revised Statutes

Nebraska Revised Statutes

Chapter 58 - Money and Financing

58-101 - Money; denominations; public payments.

58-102 - Money; demand expressed in another denomination; effect.

58-201 - Act, how cited.

58-202 - Cost and availability of financing; legislative findings and declarations.

58-203 - Authority; purpose for creation.

58-204 - Finance and development entities; legislative findings.

58-205 - Consolidation of various finance and development entities; legislative findings.

58-206 - Assistance and expertise; provided by single finance and development entity; legislative findings.

58-207 - Definitions, where found.

58-207.01 - Abatement, defined.

58-207.02 - Accessibility barrier, defined.

58-207.03 - Accessibility barrier elimination, defined.

58-208 - Agriculture or agricultural enterprise, defined.

58-209 - Authority, defined.

58-209.01 - Blighted area, defined.

58-210 - Bond, defined.

58-210.01 - Environmental hazard, defined.

58-210.02 - Economic-impact project, defined.

58-211 - Financing agreement, defined.

58-211.01 - First-time homebuyer, defined.

58-212 - Hospital or nursing home, defined.

58-213 - Insurer, defined.

58-214 - Lender, defined.

58-215 - Loan, defined.

58-216 - Low-income or moderate-income person, defined.

58-216.01 - Microenterprise, defined.

58-217 - Mortgage, defined.

58-218 - Mortgage loan, defined.

58-219 - Project, defined.

58-219.01 - Public agency, defined.

58-220 - Rental housing, defined.

58-221 - Residential energy conservation device, defined.

58-222 - Residential housing, defined.

58-223 - Residential energy conservation loan program, defined.

58-223.01 - School, defined.

58-224 - State, defined.

58-225 - Utility, defined.

58-226 - Nebraska Investment Finance Authority; created; members; qualifications.

58-227 - Authority; public members; terms; vacancies; removal.

58-228 - Authority; chairperson; officers; expenses.

58-229 - Authority; quorum; vacancy; effect.

58-230 - Meetings; when held; virtual conferencing authorized.

58-231 - Executive director; powers and duties.

58-232 - Executive director; meetings; records; duties.

58-234 - Authority; personnel.

58-235 - Authority; member or employee; conflict of interest; disclosure.

58-236 - Officer or employee of state; membership on or service to authority; how treated.

58-237 - Authority; members; executive director; surety bond.

58-238 - Authority; members; liability.

58-239 - Authority; powers; enumerated.

58-239.01 - Authority; microenterprises; powers and duties.

58-239.02 - Authority; wastewater treatment and safe drinking water projects; powers and duties.

58-239.03 - Authority; public safety communication projects; powers.

58-239.04 - Authority; economic-impact projects; powers and duties.

58-240 - Authority; duties; enumerated.

58-241 - Authority; coordinate activities with state.

58-242 - Authority; agricultural projects; duties.

58-243 - Authority; agricultural projects; powers.

58-244 - Authority; agricultural projects; adopt rules and regulations.

58-245 - Agricultural projects; loan; reports required; contents.

58-246 - Agricultural projects; loan reports; public information; borrower's name omitted.

58-247 - Authority; housing projects; powers.

58-248 - Authority; housing projects; adopt rules and regulations.

58-249 - Authority; low-income housing loans; establish funds.

58-250 - Authority; development projects; adopt rules and regulations.

58-251 - Authority; development project; make specific findings.

58-252 - Authority; borrow money and issue bonds; purposes.

58-253 - Authority; issue bonds to renew, pay, or refund bonds.

58-254 - Authority; bond issuance; general obligation; how paid and secured.

58-255 - Authority; bond issuance; state; no obligation; statement.

58-256 - Bond resolution; contents; sale; manner; declaratory judgment.

58-257 - Bond resolution; provisions enumerated.

58-258 - Authority; pledge; effect; lien; recording; not required.

58-259 - Authority; purchase bonds of authority; canceled; price.

58-260 - Bonds; secured by trust indenture; contents; expenses; how treated.

58-261 - Bonds; negotiable instruments.

58-262 - Bonds; signatures of prior members or officers; validity.

58-263 - Authority; establish funds.

58-264 - Authority; money; deposits; secured; expenditures.

58-265 - Authority; bondholders; contract; purposes; money; how secured.

58-266 - Bondholders; pledge; agreement of the state.

58-267 - Authority; expenses; how paid; liability of state or political subdivision; prohibited.

58-268 - Authority; property; public; exempt from taxation; when; dissolution; assets; how distributed.

58-269 - Bonds; legal investments; for whom; considered securities.

58-270 - Authority; reports; contents; audit; issuance of bonds; notices.

58-271 - Act, how construed.

58-272 - Authority; successor to certain entities; transfer of property, funds, and obligations to authority; actions by predecessor entities; how treated.

58-501 - Act, how cited.

58-502 - Legislative findings.

58-503 - Terms, defined.

58-504 - Designated blighted and substandard area; application; hearing; approval.

58-505 - Redevelopment project; application; hearing; approval.

58-506 - Act; how construed.

58-507 - Property taxes; how divided.

58-508 - Redevelopment project valuation; county assessor; duties.

58-509 - Property taxes; how treated.

58-510 - Pledge of taxes; authorized.

58-511 - Penal bond; required.

58-512 - Powers supplemental; act, how construed.

58-513 - Contracting public body; powers.

58-514 - Bonds; issuance.

58-515 - Bonds; liability; how paid; notes.

58-516 - Bonds; how issued.

58-517 - Bonds; how sold.

58-518 - Bonds; signatures; negotiability.

58-519 - Bonds; presumption of validity.

58-520 - Bonds; leases; contracting public body; powers.

58-521 - Default; contracting public body; powers.

58-522 - Obligee; rights.

58-523 - Bonds; authorized investment.

58-524 - Bond validation proceeding; appeal.

58-525 - Bonds or certificates; validation.

58-526 - Public body or taxing body; supplemental powers.

58-527 - Sale, conveyance, lease, or agreement; how made.

58-528 - Contracting public body; estimate of expenses; appropriations; bonds authorized.

58-529 - School districts; additional expenses; appropriations.

58-530 - Presumption of compliance.

58-531 - Act; how construed.

58-532 - Act; when operative.

58-533 - Filing of applications; limitation.

58-610 - Act, how cited.

58-611 - Definitions.

58-612 - Standard of conduct in managing and investing institutional fund.

58-613 - Appropriation for expenditure or accumulation of endowment fund; rules of construction.

58-614 - Delegation of management and investment functions.

58-615 - Release or modification of restrictions on management, investment, or purpose.

58-616 - Reviewing compliance.

58-617 - Application to existing institutional funds.

58-618 - Relation to Electronic Signatures in Global and National Commerce Act.

58-619 - Uniformity of application and construction.

58-701 - Act, how cited.

58-702 - Legislative findings.

58-703 - Affordable Housing Trust Fund; created; use.

58-704 - Housing advisory committee; created; members; duties; meetings.

58-705 - Department of Economic Development; Affordable Housing Trust Fund; duties.

58-706 - Affordable Housing Trust Fund; eligible activities.

58-707 - Assistance; qualified recipients.

58-708 - Department of Economic Development; selection of projects to receive assistance; duties; recapture funds; when.

58-709 - Rules and regulations.

58-711 - Information on status of Affordable Housing Trust Fund; report; contents.

58-801 - Act, how cited.

58-802 - Legislative findings.

58-803 - Definitions, where found.

58-804 - Authority, defined.

58-805 - Bonds, defined.

58-806 - Cost, defined.

58-807 - Eligible institution, defined.

58-807.01 - Private cultural institution, defined.

58-808 - Private health care institution, defined.

58-809 - Private institution of higher education, defined.

58-810 - Private social services institution, defined.

58-811 - Project, defined.

58-812 - Property, defined.

58-813 - Nebraska Educational, Health, Cultural, and Social Services Finance Authority; created.

58-814 - Authority; members; qualifications; appointment; terms; removal.

58-815 - Authority; officers; executive director; compensation; receive contributions.

58-816 - Authority; keep records and accounts; seal; certified copies.

58-817 - Authority; quorum; actions; vacancy; effect; meetings.

58-818 - Authority; officers, members, and employees; surety bond requirements.

58-819 - Authority; members; expenses.

58-820 - Authority member or employee; conflict of interest; abstention.

58-821 - Authority; purpose.

58-822 - Authority; perpetual succession; bylaws.

58-823 - Authority; adopt seal.

58-824 - Authority; office; location.

58-825 - Authority; sue and be sued.

58-826 - Authority; powers over project.

58-827 - Authority; issuance of bonds authorized.

58-828 - Authority; charge for services.

58-829 - Authority; rules and regulations for use of project; designate agent.

58-830 - Authority; personnel.

58-831 - Authority; receive loans, grants, and contributions.

58-832 - Authority; mortgage of certain property.

58-833 - Authority; loans authorized; limitation.

58-834 - Authority; issue bonds; make loans; conditions.

58-835 - Authority; administrative costs; apportionment.

58-836 - Authority; general powers; joint projects.

58-837 - Authority; combine and substitute projects; bonds; additional series.

58-838 - Expenses; how paid; liability; limitation.

58-839 - Authority; acquisition of property.

58-840 - Authority; financing obligations completed; convey title to eligible institution.

58-841 - Authority; bonds; issuance; form; proceeds; how used; replacement; liability; liability insurance; indemnification.

58-842 - Bond issuance; resolution; provisions enumerated.

58-843 - Bonds; secured by trust indenture; contents; expenses; how treated.

58-844 - Bonds issued to purchase securities of eligible institution; provisions applicable.

58-845 - Bonds issued to acquire federally guaranteed securities; provisions applicable.

58-846 - Refunding bonds; issuance authorized; provisions applicable.

58-847 - Bond issuance; state or political subdivision; no obligation; statement; expenses.

58-848 - Authority; rents or loan payments; use.

58-849 - Money received by authority; deemed trust funds; investment.

58-850 - Bondholders and trustee; enforcement of rights.

58-851 - Act, how construed.

58-852 - Authority; journal; public records.

58-853 - Authority; public purpose; exemptions from taxation.

58-854 - Bondholders; pledge; agreement of the state.

58-855 - Act; supplemental to other laws.

58-856 - Act; provisions controlling.

58-857 - Nebraska Health Education Assistance Loan Program; established.

58-858 - Nebraska Health Education Assistance Loan Program; authority; powers.

58-859 - Nebraska Health Education Assistance Loan Program; loans; how funded.

58-860 - Nebraska Health Education Assistance Loan Program; bonds or other obligations; how paid.

58-861 - Nebraska Health Education Assistance Loan Program; bonds; security.

58-862 - Nebraska Health Education Loan Repayment Fund; created; use.

58-863 - Nebraska Student Loan Assistance Program; established.

58-864 - Nebraska Student Loan Assistance Program; authority; powers.

58-865 - Nebraska Student Loan Assistance Program; loans; how funded.

58-866 - Change in name; effect.