Nebraska § 10-1205 - Credit facility or related agreement; payments authorized.
Full text of Nebraska Revised Statutes of Nebraska § 10-1205 — Credit facility or related agreement; payments authorized., with citation guidance and answers to common questions.
§ 10-1205. Credit facility or related agreement; payments authorized.
Any credit facility or related agreement may provide for payment of amounts owing by the governmental unit from any resources of the governmental unit as may be deemed appropriate by the governing body, including taxes and other revenue. Any amounts required to reimburse the provider of a credit facility for amounts advanced for payment of principal and interest or for purchase of a bond or for related fees and expenses shall have the same status under sections 13-520 and 77-3442 as the indebtedness for which the credit facility has been provided. Such indebtedness includes, without limitation, the payments of principal and interest for which the advance or purchase was made or the fees and expenses incurred.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 10-1205
What does Revised Statutes of Nebraska § 10-1205 cover?
Section 10-1205 ("Credit facility or related agreement; payments authorized.") 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 § 10-1205?
A common citation format is "Revised Statutes of Nebraska § 10-1205" (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 § 10-1205 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.