45 NAC 19-004. LIMITATIONS

004 LIMITATIONS. 004.01 Leases permissible under this Rule are subject to the limitations on loans under Neb. Rev. Stat. § 8-141, and the limitations on loans and investments under Neb. Rev. Stat. §§ 8-141 and 8-147. 004.02 The dollar amount of the lease for these purposes will be determined by using the following formulas: 004.02A Bank cost of acquisition of personal property minus investment credit realized minus the balance of any nonrecourse debt; or, 004.02B The sum of the present value of both the lease payments and the residual value of the property. 004.03 The Department reserves the right to determine that leases of personal property are also subject to the limitations of any other law, or rule or regulation, which limits potential financial risks associated with other forms of bank financing.