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2021 Nebraska Revised Statutes
Chapter 13 - Cities, Counties, and Other Political Subdivisions
13-3103 - State assistance; limitation.

Universal Citation:
NE Code § 13-3103 (2021)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
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13-3103. State assistance; limitation.

(1) Any applicant that has (a) acquired, constructed, improved, or equipped, (b) approved a revenue bond issue or a general obligation bond issue to acquire, construct, improve, or equip, or (c) adopted a resolution authorizing the applicant to pursue a general obligation bond issue to acquire, construct, improve, or equip an eligible sports arena facility may apply to the board for state assistance. The state assistance shall only be used to pay back amounts expended or borrowed through one or more issues of bonds to be expended by the applicant to acquire, construct, improve, or equip the eligible sports arena facility.

(2) For applications for state assistance approved on or after October 1, 2016, no more than fifty percent of the final cost of the project shall be funded by state assistance received pursuant to section 13-3108.

Source

  • Laws 2010, LB779, § 9;
  • Laws 2016, LB884, § 7;
  • Laws 2021, LB39, § 3.
  • Effective Date: May 26, 2021

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