2006 Nebraska Revised Statutes - § 79-2014 — Contracts; limitations on location.

Section 79-2014
Contracts; limitations on location.

(1) No more than twenty-four contracts shall be executed under the Nebraska Schools Construction Alternatives Act as follows:

(a) For contracts under two million dollars, four contracts in each congressional district;

(b) For contracts of at least two million dollars but under ten million dollars, two contracts in each congressional district; and

(c) For contracts of ten million dollars or more, two contracts in each congressional district.

(2) For purposes of this section, the physical location of the project shall be considered the location of the contract for that project.

(3) The date the contract is executed shall be utilized to determine whether the limitations on contracts imposed by this section have been exceeded. A contract in excess of the limitation on contracts shall be void.

Source:

Laws 2002, LB 391, § 14

~Reissue Revised Statutes of Nebraska