Terms of Debt Instruments.
Omaha City Charter, art. V, § 5.29
in effectSection 5.29. - Terms of Debt Instruments.
Limitations on the terms of the various types of debt instruments which the city is authorized to issue shall be as follows:
(1) General obligation bonds of the city shall mature as the Council may provide. The final maturity shall be for a period of years not exceeding the estimated life of the property or improvement to be acquired with the proceeds thereof, provided that no general obligation bonds of any type shall mature later than December 31 of the calendar year in which occurs the twentieth anniversary of the date of issue thereof.
(2) Notes issued in anticipation of the receipt of revenue of the general fund or any special revenue fund shall mature within the same fiscal year in which issued.
(3) Notes issued in anticipation of the sale of bonds previously authorized shall mature within one year.
(4) Notes issued to provide cash for the Special Assessment Fund shall mature within one year.
(5) Revenue bonds shall be issued for such terms as the ordinance authorizing them shall prescribe but shall not mature later than fifty years after the date of issue thereof.
(Ord. No. 33177, § 1, 2-8-94, ref. of 5-10-94; Ord. No. 36625, § 1, special election of 4-5-05)
Source: City of Omaha, Municipal Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/ne/omaha/codes/code_of_ordinances?nodeId=PTICH_ARTVFI_S5.29TEDEINFetched: 10/28/2026