Nebraska § 46-559 - District; indebtedness; levy of assessments.
Full text of Nebraska Revised Statutes of Nebraska § 46-559 — District; indebtedness; levy of assessments., with citation guidance and answers to common questions.
§ 46-559. District; indebtedness; levy of assessments.
Whenever a contract of indebtedness has been created by the district, it shall be lawful for the board to make the levy of taxes and special assessments in such amount as will create a surplus of funds to meet the annual installments of indebtedness or the payment of bonds and interest, and the necessary maintenance and operating charges, and the board shall cause such surplus funds to be placed in a sinking fund which may be used for the payments of contingencies, defaults and delinquencies, and to pay the future annual installments of indebtedness on contract, bonds, or contract and bonds, and interest.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 46-559
What does Revised Statutes of Nebraska § 46-559 cover?
Section 46-559 ("District; indebtedness; levy of assessments.") 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 § 46-559?
A common citation format is "Revised Statutes of Nebraska § 46-559" (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 § 46-559 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.