(1) The investment program shall maintain a debt service coverage ratio consistent with prudent fiscal standards and bond covenants. (2) No obligation shall be issued that would cause the debt or liability of the investment program to exceed available pledged revenue.
‹ Prev All Nebraska sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.