Nebraska Statutes 79-1050. Flood control funds; counties entitled to share
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The county in which the land described in section 79-1049 is situated on which lease rentals are paid shall be entitled to receive the lease rentals for the benefit of the public schools and public roads of the county. When the land is situated in more than one county, the distributive share to each county from the lease rentals shall be proportional to such land’s area within the county.
Source
- Laws 1949, c. 251, § 2, p. 683;
- R.S.1943, (1994), § 79-1316;
- Laws 1996, LB 900, § 696.
Terms Used In Nebraska Statutes 79-1050
- 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