The bill amends section 70-650.01 of the Reissue Revised Statutes of Nebraska, which pertains to the conveyance of electric distribution systems by public power districts or public power and irrigation districts to cities or villages. The amendments include changes to the language regarding the request for conveyance, specifying that the district shall convey "such" right, title, and interest in the electric distribution system to "such" city or village, rather than "the said" city or village. Additionally, the requirement for the conveyance to occur "without cost" has been removed, allowing for potential costs to be associated with the transfer.

Furthermore, the bill clarifies that in the absence of an agreement between a city or village and the public power district or public power and irrigation district, the city or village may determine what constitutes the distribution system through a declaratory judgment. The bill also includes provisions that prevent the refinancing or changing of existing indebtedness in a way that increases the amount owed or extends the payment period, while allowing for the issuance of new bonds for additional electric facilities. The original section 70-650.01 is repealed as part of this legislative update.

Statutes affected:
Introduced: 70-650.01
Final Reading: 70-650.01
Slip Law: 70-650.01