Bond Issues Upon Which Referendum Is Required.
Omaha City Charter, art. V, § 5.28
in effectSection 5.28. - Bond Issues Upon Which Referendum Is Required.
No general obligation bonds of the city except refunding bonds shall be issued until authorized by a majority of the electors voting on the question as to their issuance. Each bond authorization question submitted to the electors shall relate to not more than one issue and shall specify the purpose for which moneys are to be borrowed and the maximum amount of bonds to be issued for that purpose. This provision shall not be construed as preventing the sale and issuance of single bond issues for multiple purposes, each of which purposes has been authorized by a separate vote of the electors. Should the Council determine that any portion of an authorized bond issue is not required for the accomplishment of the objectives in connection therewith, it may cancel such portion as is unneeded and unissued. Cancelled portions of any general obligation bond issue shall not be charged against the debt margin.
(Adopted by special election 5-10-66)
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_S5.28BOISUPWHREISREFetched: 10/28/2026
