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Nebraska Revised Statutes Chapter 58. Money and Financing § 58-243. Authority; agricultural projects; powers

Current as of January 01, 2024 | Updated by Findlaw Staff

Prior to exercising any of the powers conferred by the Nebraska Investment Finance Authority Act regarding agricultural projects as defined in subdivision (2) of section 58-219, the authority may, but need not:

(1) Require that the loan involved be insured by a loan insurer or be guaranteed by a loan guarantor;

(2) Require any type of security that it deems reasonable and necessary; or

(3) Authorize the reservation of funds by lenders in such amount and subject to such conditions as the authority considers reasonable and necessary.

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Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 58. Money and Financing § 58-243. Authority; agricultural projects; powers - last updated January 01, 2024 | https://codes.findlaw.com/ne/chapter-58-money-and-financing/ne-rev-st-sect-58-243/

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