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State Highway Commission approves bond issuance to help fund US‑275 expressway
Summary
On Dec. 6, 2024 the Nebraska State Highway Commission approved a resolution authorizing issuance of highway improvement revenue bonds under the Nebraska Highway Bond Act to finance completion of the US Highway 275 expressway corridor; the vote authorizes signing an indenture of trust and an agreement limiting future NDOT DCPCs.
The Nebraska State Highway Commission voted on Dec. 6, 2024 to approve a resolution authorizing the issuance of highway improvement revenue bonds under the Nebraska Highway Bond Act to help complete the US Highway 275 Expressway corridor from Norfolk to West Point.
Commissioners authorized the chair and the Department of Transportation to sign an indenture of trust with the bond trustee and approved an agreement addressing future NDOT discretionary construction payment certificates (DCPCs). NDOT advisers said the documents are intended to…
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