Neb. Rev. Stat. § 14-512
This is the official text of Neb. Rev. Stat. § 14-512, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
View Statute 14-512
Official statutory text
(1) The city council of a city of the metropolitan class shall provide and maintain a sinking fund for the payment of the general bonds of the city and the interest on such bonds. Such sinking fund shall be maintained from the following sources of revenue:
(a) Amounts raised by taxation for that purpose;
(b) Balances transferred at the end of each fiscal year or biennial period from the several funds provided for in sections 14-501 and 14-502 ; and
(c) Such other amounts and sums as may be transferred to such sinking fund by the city council.
(2) Money and credits in the sinking fund shall be held inviolate, shall not be transferred to any other fund, and shall be used for the purpose of paying (a) the interest on the general bonds of the city, (b) maturing bonds of the city, and (c) bonds of the city which may be paid before maturity.
(3) The money and credits of such sinking fund when not used or needed for the purposes specified in this section may temporarily be invested in registered general warrants of the city under such conditions as will enable such money and credits to be obtained and available at any time desired for the purposes specified in this section.
Laws 1921, c. 116, art. IV, § 11, p. 473;
C.S.1922, § 3635;
C.S.1929, § 14-512;
R.S.1943, § 14-512;
Laws 1989, LB 33, § 8;
Laws 1999, LB 317, § 1;
Laws 2000, LB 1116, § 14;
Laws 2022, LB800, § 163.
(a) Amounts raised by taxation for that purpose;
(b) Balances transferred at the end of each fiscal year or biennial period from the several funds provided for in sections 14-501 and 14-502 ; and
(c) Such other amounts and sums as may be transferred to such sinking fund by the city council.
(2) Money and credits in the sinking fund shall be held inviolate, shall not be transferred to any other fund, and shall be used for the purpose of paying (a) the interest on the general bonds of the city, (b) maturing bonds of the city, and (c) bonds of the city which may be paid before maturity.
(3) The money and credits of such sinking fund when not used or needed for the purposes specified in this section may temporarily be invested in registered general warrants of the city under such conditions as will enable such money and credits to be obtained and available at any time desired for the purposes specified in this section.
Laws 1921, c. 116, art. IV, § 11, p. 473;
C.S.1922, § 3635;
C.S.1929, § 14-512;
R.S.1943, § 14-512;
Laws 1989, LB 33, § 8;
Laws 1999, LB 317, § 1;
Laws 2000, LB 1116, § 14;
Laws 2022, LB800, § 163.
Status: in_force · Read it on the official government site
Need a lawyer in Nebraska?
Find a Nebraska lawyer
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.