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Neb. Rev. Stat. § 14-365.02

This is the official text of Neb. Rev. Stat. § 14-365.02, part of Nebraska’s Rev. Stat — part of the compiled statutory law of Nebraska, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.

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View Statute 14-365.02

Official statutory text

For the purpose of owning, operating, constructing, and equipping a sewage disposal plant or sewerage system, including any storm sewer system, or improving or extending such existing system, as provided in section 14-365.01 , a city of the metropolitan class may issue revenue bonds. Such revenue bonds as provided in this section shall not impose any general liability upon the city but shall be secured only on the property and revenue, as provided in section 14-365.04 , of such utility including a franchise stating the terms upon which, in case of foreclosure, the purchaser may operate the system. Such franchise shall in no case extend for a longer period than twenty years from the date of the sale of such franchise on foreclosure. Such revenue bonds shall be sold for not less than par. The amount of such revenue bonds, either issued or outstanding, shall not be included in computing the maximum amount of bonds which such city may be authorized to issue under its home rule charter or any state statute.

Laws 1953, c. 24, § 2, p. 99;

Laws 1969, c. 51, § 17, p. 283;

Laws 2022, LB800, § 68.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.