Nebraska § 85-1516 - Board; power to issue warrants; purpose; limitation; obligation of area; how paid.
Full text of Nebraska Revised Statutes of Nebraska § 85-1516 — Board; power to issue warrants; purpose; limitation; obligation of area; how paid., with citation guidance and answers to common questions.
§ 85-1516. Board; power to issue warrants; purpose; limitation; obligation of area; how paid.
Each board may issue warrants in an amount necessary to finance the operating expenses of the community college area until the proceeds of the tax levy as provided in section 85-1517 are received. The amount of such warrants plus interest shall not exceed the amount of the money to be received from the property tax levy. Whenever such warrants are issued, they shall be the general obligation of the community college area and the full faith and credit of the community college area shall be pledged to retire such warrants. In addition the board shall set aside from the proceeds of the property tax levied pursuant to sections 85-1501 to 85-1539 an amount sufficient to pay the warrants and the interest on such warrants. Such warrants shall be subject to registration as provided in sections 77-2201 to 77-2215.
Chapter 79, article 26, the Technical Community College Area Act, is not in violation of Article VIII, section 1A, of the Constitution. State ex rel. Western Technical Com. Col. Area v. Tallon, 196 Neb. 603, 244 N.W.2d 183 (1976).
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 85-1516
What does Revised Statutes of Nebraska § 85-1516 cover?
Section 85-1516 ("Board; power to issue warrants; purpose; limitation; obligation of area; how paid.") 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 § 85-1516?
A common citation format is "Revised Statutes of Nebraska § 85-1516" (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 § 85-1516 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.