Nebraska § 70-1413 - Joint authority project; sale of excess capacity; limitations; applicability.
Full text of Nebraska Revised Statutes of Nebraska § 70-1413 — Joint authority project; sale of excess capacity; limitations; applicability., with citation guidance and answers to common questions.
§ 70-1413. Joint authority project; sale of excess capacity; limitations; applicability.
Excess capacity or output of a project not then required by any of the members of a joint authority shall be first offered for sale or exchange pursuant to section 70-626.01. Any sale of available capacity and energy from the joint authority's project shall only be for the period required for the joint authority to fully utilize the amount of capacity and energy originally purchased in the project. The limitations provided in this section shall not apply to the temporary sale of excess capacity and energy without the state in cases of emergency or when required to fulfill obligations under any pooling or reserve-sharing agreements, except that sales of excess capacity or output of a project to electric cooperatives, electric or public utilities, and other persons, the interest on whose securities and other obligations is not exempt from taxation by the federal government, shall not be made in such amounts, for such periods of time, and under such terms and conditions as will cause the interest on bonds issued to finance the cost of a project to become taxable by the federal government. This section shall not apply to sales of ethanol or hydrogen.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 70-1413
What does Revised Statutes of Nebraska § 70-1413 cover?
Section 70-1413 ("Joint authority project; sale of excess capacity; limitations; applicability.") 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 § 70-1413?
A common citation format is "Revised Statutes of Nebraska § 70-1413" (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 § 70-1413 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.