Nebraska § 77-4427 - Validity and enforceability of bonds, contracts, and agreements; presumption.
Full text of Nebraska Revised Statutes of Nebraska § 77-4427 — Validity and enforceability of bonds, contracts, and agreements; presumption., with citation guidance and answers to common questions.
§ 77-4427. Validity and enforceability of bonds, contracts, and agreements; presumption.
In any suit, action, or proceeding involving the validity or enforceability of any bonds, contract, or agreement of a city pursuant to the Good Life District Economic Development Act, or the security therefor, brought after the lapse of thirty days after the authorization by the governing body of such city for the issuance of such bonds or entry into such contract or agreement, any such bond, contract or agreement, and the security therefor and provisions therein, reciting in substance that it has been authorized by the city pursuant to the Good Life District Economic Development Act or to provide financing for a good life district economic development program shall be conclusively deemed to have been authorized for such purpose and such bonds, contracts, or agreement, and security therefor and provisions therein, issued or delivered pursuant to such authorization shall be conclusively deemed to have been issued, entered into, provided, and carried out in accordance and compliance with the purposes and provisions of the Good Life District Economic Development Act, and deemed to be valid and binding obligations and agreements of the city for the duration of the term of such obligations and agreements as provided therein. In any suit, action, or proceedings involving the validity or enforceability of any bond of the city issued under the Good Life District Economic Development Act in whole or in part for a redevelopment project or the security therefor, any such bond reciting in substance that it has been issued by the city to aid, in whole or in part, in financing or refinancing a redevelopment project, as herein permitted, shall be conclusively deemed to have been issued for such purpose and such project shall be conclusively deemed to have been planned, located, and carried out in accordance with the purposes and provisions of the Community Development Law.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 77-4427
What does Revised Statutes of Nebraska § 77-4427 cover?
Section 77-4427 ("Validity and enforceability of bonds, contracts, and agreements; presumption.") 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 § 77-4427?
A common citation format is "Revised Statutes of Nebraska § 77-4427" (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 § 77-4427 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.