74-1415.04 Security; required. - Nebraska Statutes

74-1415.04. Security; required.No loan for any acquisition, rehabilitation or improvement, operation, or rail facility construction project shall be approved by the council unless the borrower provides a guarantee and collateral for the loan which is acceptable to the council as sufficient security to protect the interests of the council. SourceLaws 1991, LB 783, § 16; Laws 1996, LB 463, § 23; Laws 2003, LB 259, § 2.