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2009 Nebraska Code
Chapter 58 MONEY AND FINANCING
58-326 Small Business Development Authority; dissolved; disposition of assets; Small Business Investment Fund; transfer.

58-326. Small Business Development Authority; dissolved; disposition of assets; Small Business Investment Fund; transfer.

(1) The Small Business Development Authority, created pursuant to section 58-309, as such section existed prior to August 30, 2009, is hereby dissolved. Any assets of the authority remaining upon such dissolution which are pledged to outstanding indebtedness of the authority shall, upon the consent of the holders of the respective indebtedness, be immediately transferred, free and clear, to the holder of such indebtedness in satisfaction of such indebtedness.

(2) The State Treasurer shall transfer any money in the Small Business Investment Fund on August 30, 2009, to the General Fund. Any remaining assets or obligations of the authority shall rest in the Department of Economic Development.

Source
    Laws 2009, LB154, ยง 12.



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