Nebraska § 72-309 Mineral rights; lease; bids; award; how made

Nebraska Statutes

§ 72-309 — Mineral rights; lease; bids; award; how made

Nebraska § 72-309

Ch. 72Public Lands, Buildings, and Funds

This text of Nebraska § 72-309 (Mineral rights; lease; bids; award; how made) 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. § 72-309 (2026).

Text

Where two or more applications are received for the same land, the rights thereon may be awarded to the legally qualified applicant making the highest and best bid, to be determined by taking into consideration both the bonus and royalty, the award being made after proper legal notice in such manner as the Board of Educational Lands and Funds shall determine best calculated to protect public interests.

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Where two or more applications are received for the same land, the rights thereon may be awarded to the legally qualified applicant making the highest and best bid, to be determined by taking into consideration both the bonus and royalty, the award being made after proper legal notice in such manner as the Board of Educational Lands and Funds shall determine best calculated to protect public interests.

Legislative History

Source: Laws 1918, Thirty-sixth Spec. Sess., c. 7, § 9, p. 46; C.S.1922, § 5227; C.S.1929, § 72-309; R.S.1943, § 72-309. Annotations: It is the duty of the board in considering bids for leases to investigate as to the relative advantages that would accrue to the state under the respective offers. Briggs v. Neville, 103 Neb. 1, 170 N.W. 188 (1918).