FINANCIAL_SERVICESAWARDED

Nebraska Investment Finance Authority Board of Directors Meeting Agenda May 2026

First State Bank Purchases Zimmerman Ag Development Bond

$140,000Nebraska Investment Finance AuthorityFIRST STATE BANK NEBRASKA - BEATRICE, NEBRASKAMay 3, 2026

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Description

NIFA issued an Agricultural Development Direct Loan Revenue Bond for the Rylee Zimmerman Project, purchased by First State Bank Nebraska in Beatrice in the amount of $140,000. The 30‑year bond finances acquisition of 40 acres of farm real estate in Gage County.

Contract Details

Contract Amount

$140,000

Vendor

FIRST STATE BANK NEBRASKA - BEATRICE, NEBRASKA

Agency

Nebraska Investment Finance Authority, NE

Contract Type

FINANCIAL_SERVICES

Document Date

May 3, 2026

Contract Term

Bond dated April 30, 2026; amortized with 29 annual payments beginning April 1, 2027, final maturity April 1, 2056 (30-year term)

Renewal Date

2056-04-01

Renewal Info

Interest rate resets every five years with a minimum of 4% and maximum of 16%, and the bond matures April 1, 2056; no renewal beyond maturity is described.

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