Nebraska Revised Statute 2-4216

Chapter 2 Section 4216

2-4216.

Loans to or deposits with lenders; conditions.

The corporation may make and undertake commitments to make loans to or deposits with lenders under terms and conditions requiring the lenders to make conservation loans to landowners or natural resource development loans to political subdivisions in an aggregate amount equal to the amount of the loan or deposit made by the corporation with the lenders. The conservation loans or natural resource development loans may be originated through and serviced by any lender authorized to transact business in the State of Nebraska. Any lender making conservation loans or natural resource development loans pursuant to this section with funds borrowed from or deposited by the corporation may secure such loans in any manner such lender deems advisable.

Source

  • Laws 1981, LB 385, § 16;
  • Laws 1983, LB 20, § 6;
  • Laws 1985, LB 387, § 10.