2006 Nebraska Revised Statutes - § 23-3553 — Depreciation funds, authorized; limitations on use.

Section 23-3553
Depreciation funds, authorized; limitations on use.

Nothing contained in sections 23-3501 to 23-3519 and 23-3528 to 23-3552 shall be construed to prohibit the board of trustees of any facility specified in section 23-3501 or local hospital district from establishing depreciation funds from patient or other revenue income for the purpose of replacing equipment or providing for future improvements or additions or from using such patient or other revenue income for purchasing equipment or for retiring indebtedness incurred for improvements or additions not financed by bonds of the county or direct tax levies. The limitations upon expenditures provided for in sections 23-3504 and 23-3508 shall not apply to expenditures made from patient or other revenue income or for the retiring of indebtedness or payment of other obligations from such patient or revenue income. Any amounts expended by the board of trustees of any facility or facilities or a local hospital district for the purposes provided in this section on or before July 6, 1965, without a bond issue or tax levy shall not be considered to have been expended without statutory authority but shall be considered proper expenditures if made for the purposes stated in this section.

Source:

Laws 1965, c. 95, § 1, p. 411

Laws 1967, c. 121, § 17, p. 395

Laws 1991, LB 798, § 5

R.S.Supp.,1991, § 23-343.48

Laws 1992, LB 1240, § 23

~Reissue Revised Statutes of Nebraska