Nebraska § 79-489 New districts; formation from old districts; general indebtedness; duty to consider in dividing property

Nebraska Statutes

§ 79-489 — New districts; formation from old districts; general indebtedness; duty to consider in dividing property

Nebraska § 79-489

Ch. 79Schools

This text of Nebraska § 79-489 (New districts; formation from old districts; general indebtedness; duty to consider in dividing property) 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. § 79-489 (2026).

Text

Subject to the provisions of section  79-485 , whenever a new district is organized from the territory of a former district and there is any indebtedness of such former district which is not bonded, such unbonded indebtedness shall be taken into account in estimating the sum due from the old district to the new district on account of schoolhouse or other property and the new district shall be entitled to only the value of its proportionate share of such property after deducting its like share of the indebtedness.

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Subject to the provisions of section 79-485 , whenever a new district is organized from the territory of a former district and there is any indebtedness of such former district which is not bonded, such unbonded indebtedness shall be taken into account in estimating the sum due from the old district to the new district on account of schoolhouse or other property and the new district shall be entitled to only the value of its proportionate share of such property after deducting its like share of the indebtedness.

Legislative History

Source: Laws 1881, c. 78, subdivision I, § 16, p. 336; R.S.1913, § 6715; C.S.1922, § 6253; C.S.1929, § 79-116; R.S.1943, § 79-129; Laws 1949, c. 256, § 57, p. 711; R.S.1943, (1994), § 79-418; Laws 1996, LB 900, § 238.