2006 Nebraska Revised Statutes - § 72-240.02 — School lands; new leases; board; powers.

Section 72-240.02
School lands; new leases; board; powers.

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.

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).

~Reissue Revised Statutes of Nebraska