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Current as of January 01, 2024 | Updated by FindLaw Staff
An authority may issue bonds for the purpose of purchasing or otherwise acquiring an existing structure or structures and related furniture and equipment, including the site or sites upon which the same are located, for use as a hospital, and to furnish, equip, alter, renovate, and remodel the same, or for constructing, furnishing, and equipping new facilities or additions or improvements to existing facilities, or for the purpose of providing for the refunding of any bonds issued under sections 23-3579 to 23-35,120.
An authority shall also have the power to issue bonds for the purpose of refinancing indebtedness incurred for the benefit of a hospital.
In lieu of acquiring an interest in a hospital, an authority may lend the proceeds from the sale of its bonds for any of the purposes set forth in this section, and such financing, which shall be pursuant to a loan agreement, may be either unsecured or secured as the board of trustees of the authority shall determine. Bonds may be issued under sections 23-3579 to 23-35,120 notwithstanding any debt or other limitation, including limitation as to interest rates, prescribed in any statute.
Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 23. County Government and Officers § 23-3599. Hospital authority; bonds; issuance - last updated January 01, 2024 | https://codes.findlaw.com/ne/chapter-23-county-government-and-officers/ne-rev-st-sect-23-3599/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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