LB126

Nebraska LB126 amends bond redemption provisions for political subdivisions.

Nebraska LB126 modifies the redemption of bonds issued by political subdivisions, including counties, cities, and school districts. The bill allows these entities to redeem bonds at any time after five years from the issuance date, provided they issue refunding bonds or secure funds for redemption. It also permits a call premium of up to four percent for bonds issued in a single issue of $500,000 or more and two percent for smaller issues. The bill repeals the original section and replaces it with these new provisions.