Opinion No. (1979)

REQUESTED BY: Dear Senator Keyes:

You have asked our opinion as to whether LB 339 violates either Article XI, section 1, or Article XIII, section3, of the Nebraska Constitution. It is our opinion that it does not.

The bill would amend section 21-1316.01, R.R.S. 1943, by adding counties to the list of political subdivisions authorized to deposit public funds in cooperative credit associations. We point out at the outset that the prohibitions of both constitutional provisions you have referred to apply to cities, towns, villages, townships, and school districts just as much as they do to…