74-1415.05 Independent certified appraiser; verification required; cost. - Nebraska Statutes

74-1415.05. Independent certified appraiser; verification required; cost.The council shall not acquire any property or loan funds in any acquisition, rehabilitation or improvement, operation, or rail facility construction project unless an independent certified appraiser verifies that the value of the property proposed to be acquired or to be held as security is at least equal to the amount the council determines is sufficient to protect the interests of the council. The council shall select the independent certified appraiser. The entity requesting the financial assistance shall bear the cost of the appraisal. SourceLaws 1991, LB 783, § 17; Laws 1996, LB 463, § 24; Laws 2003, LB 259, § 3.