Nebraska § 72-240.02 School lands; new leases; board; powers

Nebraska Statutes

§ 72-240.02 — School lands; new leases; board; powers

Nebraska § 72-240.02

Ch. 72Public Lands, Buildings, and Funds

This text of Nebraska § 72-240.02 (School lands; new leases; board; powers) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 72-240.02 (2026).

Text

If no such application for a new lease is received or if the applicant fails to meet the requirements for a new lease, the Board of Educational Lands and Funds may, at any time within three months after the expiration of the lease, enter into a lease with any other person it deems willing and able to meet the standards prescribed by the board in its rules and regulations at the rental rate for land of such classification.

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If no such application for a new lease is received or if the applicant fails to meet the requirements for a new lease, the Board of Educational Lands and Funds may, at any time within three months after the expiration of the lease, enter into a lease with any other person it deems willing and able to meet the standards prescribed by the board in its rules and regulations at the rental rate for land of such classification.

Legislative History

Source: Laws 1947, c. 235, § 7(3), p. 749; Laws 1949, c. 212, § 10, p. 606; Laws 1999, LB 779, § 32. Annotations: If no application is made by lessee, board may enter into a lease with any person willing and able to meet statutory requirements. State ex rel. Ebke v. Board of Educational Lands & Funds, 154 Neb. 244, 47 N.W.2d 520 (1951).