Nebraska § 18-2151 - Redeveloper; penal bond; when required; purpose.
Full text of Nebraska Revised Statutes of Nebraska § 18-2151 — Redeveloper; penal bond; when required; purpose., with citation guidance and answers to common questions.
§ 18-2151. Redeveloper; penal bond; when required; purpose.
Any redeveloper entering into a contract with an authority for the undertaking of a redevelopment project pursuant to a redevelopment plan which contains the provision outlined in section 18-2147 shall be required before commencing work to execute, in addition to all bonds that may be required, a penal bond with good and sufficient surety to be approved by an authority, conditioned that such contractor shall at all times promptly make payments of all amounts lawfully due to all persons supplying or furnishing the contractor or his or her subcontractors with labor or materials performed or used in the prosecution of the work provided for in such contract, and will indemnify and save harmless the authority to the extent any payments in connection with the carrying out of such contracts which an authority may be required to make under the law.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 18-2151
What does Revised Statutes of Nebraska § 18-2151 cover?
Section 18-2151 ("Redeveloper; penal bond; when required; purpose.") 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 § 18-2151?
A common citation format is "Revised Statutes of Nebraska § 18-2151" (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 § 18-2151 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.