Nebraska § 14-512 - Sinking fund; purposes; investment.
Full text of Nebraska Revised Statutes of Nebraska § 14-512 — Sinking fund; purposes; investment., with citation guidance and answers to common questions.
§ 14-512. Sinking fund; purposes; investment.
(1) The city council of a city of the metropolitan class shall provide and maintain a sinking fund for the payment of the general bonds of the city and the interest on such bonds. Such sinking fund shall be maintained from the following sources of revenue:
(a) Amounts raised by taxation for that purpose;
(b) Balances transferred at the end of each fiscal year or biennial period from the several funds provided for in sections 14-501 and 14-502; and
(c) Such other amounts and sums as may be transferred to such sinking fund by the city council.
(2) Money and credits in the sinking fund shall be held inviolate, shall not be transferred to any other fund, and shall be used for the purpose of paying (a) the interest on the general bonds of the city, (b) maturing bonds of the city, and (c) bonds of the city which may be paid before maturity.
(3) The money and credits of such sinking fund when not used or needed for the purposes specified in this section may temporarily be invested in registered general warrants of the city under such conditions as will enable such money and credits to be obtained and available at any time desired for the purposes specified in this section.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 14-512
What does Revised Statutes of Nebraska § 14-512 cover?
Section 14-512 ("Sinking fund; purposes; investment.") 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 § 14-512?
A common citation format is "Revised Statutes of Nebraska § 14-512" (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 § 14-512 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.