{"data":{"id":"us-ne/neb.-rev.-stat.-71-5324","jurisdiction":"us-ne","citation":"Neb. Rev. Stat. § 71-5324","heading":"Neb. Rev. Stat. § 71-5324","body":"(1) All loans made under the Drinking Water State Revolving Fund Act shall be made only to owners of public water systems that:\n\n(a) Meet the requirements of financial, technical, and managerial capability set by the department;\n\n(b) Pledge sufficient revenue sources for the repayment of the loan if such revenue may by law be pledged for that purpose;\n\n(c) In the case of a privately owned public water system, pledge sufficient revenue, collateral, or other security for the repayment of the loan;\n\n(d) Agree to maintain financial records according to generally accepted government accounting principles and to conduct an audit of the financial records according to generally accepted government auditing standards; and\n\n(e) Provide a written assurance, signed by an attorney holding an active license to practice in the State of Nebraska, that the recipient has proper title, easements, and rights-of-way to the property on or through which the safe drinking water project is to be constructed or extended.\n\n(2) Loans made for the construction of a safe drinking water project shall be made only to owners of public water systems which meet the conditions of subsection (1) of this section and, in addition, that:\n\n(a) Require the contractor of the project to post separate performance and payment bonds or other security approved by the department in the amount of the bid;\n\n(b) Provide a written notice of completion and start of operation of the safe drinking water project;\n\n(c) Employ a registered professional engineer to provide and be responsible for engineering services on the project such as an engineering report, construction contract documents, observation of construction, and startup services; and\n\n(d) Agree to operate and maintain the safe drinking water project so that it will function properly over the structural and material design life.","path":["NE Code","Chapter 71"],"source_url":"https://nebraskalegislature.gov/laws/statutes.php?statute=71-5324","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:21Z","sha256":"1179ecf1541b331d90cf8b2f813bb8ec1b8c7c4f9c36f2338093f0c31452bdc2","source_id":"us-ne","stale":false,"prev":"us-ne/neb.-rev.-stat.-71-5323","next":"us-ne/neb.-rev.-stat.-71-5325"},"notice":"GroundRules: Original legal text. Not legal advice."}