58-326 Small Business Development Authority; dissolved; disposition of assets; Small Business Investment Fund; transfer. - Nebraska Statutes

58-326. Small Business Development Authority;dissolved; disposition of assets; Small Business Investment Fund; transfer.(1) The SmallBusiness Development Authority, created pursuant to section 58-309, as suchsection existed prior to August 30, 2009, is hereby dissolved. Any assetsof the authority remaining upon such dissolution which are pledged to outstandingindebtedness of the authority shall, upon the consent of the holders of therespective indebtedness, be immediately transferred, free and clear, to theholder of such indebtedness in satisfaction of such indebtedness.(2) The StateTreasurer shall transfer any money in the Small Business Investment Fund onAugust 30, 2009, to the General Fund. Any remaining assets or obligationsof the authority shall rest in the Department of Economic Development. SourceLaws 2009, LB154, § 12.