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2017 Nebraska Revised Statutes
Chapter 85 - STATE UNIVERSITY, STATE COLLEGES, AND POSTSECONDARY EDUCATION
85-410 Campus buildings and facilities; revenue bonds; issuance; public purpose; exempt from taxation.
Universal Citation: NE Code § 85-410 (2017)
85-410. Campus buildings and facilities; revenue bonds; issuance; public purpose; exempt from taxation.
In exercising the powers granted it under sections 85-401 to 85-411, and in issuing revenue bonds as provided in sections 85-403 to 85-411, the board exercising such powers or issuing the bonds shall constitute and be and is hereby created as a public corporation organized for educational purposes and is declared to be a governmental subdivision and instrumentality of the State of Nebraska, and all bonds issued under the authority of sections 85-403 to 85-411, together with interest thereon, shall be wholly exempt from taxation.
Source
- Laws 1955, c. 352, § 8, p. 1077;
- Laws 1969, c. 845, § 3, p. 3185.
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