Nebraska Statutes 72-204. School lands; classification required; report
The Board of Educational Lands and Funds shall cause school land to be classified for rental purposes (1) at least once each five years, (2) each time that the land is leased or that an assignment of a lease is made, and (3) when the board deems it to be in the best interest of the state. The leasing of the land shall be regulated by sections 72-232 to 72-239. When a lease is offered for sale, the new rental shall be made public. When the board has ordered the reclassification of any of the school lands in any county, it shall prescribe the method and promulgate rules governing the classification of educational lands. It shall have a classification of all the educational lands in the county prepared by a competent person, who shall make a detailed field examination of each forty-acre tract of educational lands for the purpose of obtaining information as to the type and rating of the soil, its adaptability, the topographical character of the land, and the location and number of acres of each type. His or her report of such field examination shall be prepared in the form of a detailed map with complete explanations and shall be filed with the board. The board may employ private appraisal firms to aid it in determining the value of educational lands.
Source
- Laws 1899, c. 69, § 4, p. 301;
- R.S.1913, § 5848;
- Laws 1921, c. 80, § 1, p. 289;
- C.S.1922, § 5184;
- C.S.1929, § 72-204;
- Laws 1933, c. 142, § 1, p. 553;
- Laws 1935, c. 163, § 3, p. 594;
- C.S.Supp.,1941, § 72-204;
- R.S.1943, § 72-204;
- Laws 1953, c. 253, § 1, p. 859;
- Laws 1999, LB 779, § 14.
Terms Used In Nebraska Statutes 72-204
- Appraisal: A determination of property value.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Person: shall include bodies politic and corporate, societies, communities, the public generally, individuals, partnerships, limited liability companies, joint-stock companies, and associations. See Nebraska Statutes 49-801
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801