Nebraska § 10-120 - Precinct refunding bonds; sale authorized; use of proceeds.
Full text of Nebraska Revised Statutes of Nebraska § 10-120 — Precinct refunding bonds; sale authorized; use of proceeds., with citation guidance and answers to common questions.
§ 10-120. Precinct refunding bonds; sale authorized; use of proceeds.
When the county board of any county issues bonds to refund the bonded indebtedness of any precinct in the State of Nebraska, and in case an exchange of said refunding bonds cannot be effected, the county board is hereby authorized to sell said refunding bonds from time to time, in such sums as may be necessary to create a fund for the redemption of the outstanding bonds aforesaid and pay interest on such bonds to the date of redemption. The money realized from the sale of said refunding bonds shall not be expended or used for any other purpose than for refunding said outstanding bonds and interest on the bonds.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 10-120
What does Revised Statutes of Nebraska § 10-120 cover?
Section 10-120 ("Precinct refunding bonds; sale authorized; use of proceeds.") is part of the Revised Statutes of Nebraska, the codified statutory law of Nebraska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nebraska § 10-120?
A common citation format is "Revised Statutes of Nebraska § 10-120" (Nebraska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nebraska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nebraska official source linked on this page or consult a licensed Nebraska attorney.
How does Nebraska § 10-120 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nebraska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nebraska.