In any suit, action, or proceedings involving the validity or enforceability of any bond of a contracting public body or the security therefor brought after the lapse of thirty days after the bonds are issued, any such bond reciting in substance that it has been issued by the contracting public body to aid in financing a redevelopment project shall be conclusively deemed to have been issued for such purpose and such project shall be conclusively deemed to have been planned, located, and carried out in accordance with the purposes and provisions of the Nebraska Redevelopment Act.
Neb. Rev. Stat. § 58-519
Bonds; presumption of validity
Applied in 1 court decision — leading case Salem Grain Co. v. City of Falls City (2019)
Most recently applied in Salem Grain Co. v. City of Falls City (March 2019)
Laws 1995, LB 830, § 19.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.