Nebraska Statutes 79-309.01. Commissioner of Education; duties; use of funds
(1) The Commissioner of Education shall use the separate accounting provided by the State Treasurer through 2020 under subdivision (1)(b) of section 79-1035 to determine the amount that is attributable to income from solar or wind agreements on school lands. This amount shall provide funds for the grants described in section 79-308 through the 2020-21 school year.
Terms Used In Nebraska Statutes 79-309.01
- 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
- School: means a school under the jurisdiction of a school board authorized by Chapter 79. See Nebraska Statutes 79-101
- School year: means (a) for elementary grades other than kindergarten, the time equivalent to at least one thousand thirty-two instructional hours and (b) for high school grades, the time equivalent to at least one thousand eighty instructional hours. See Nebraska Statutes 79-101
- 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
- Temporary school fund: means the fund described in section 79-1035. See Nebraska Statutes 79-101
(2) On or before June 30, 2022, any unencumbered and unspent funds from any separate accounting provided by the State Treasurer under subdivision (1)(b) of section 79-1035 shall be transferred to the temporary school fund.
(3) For purposes of this section, agreement means any lease, easement, covenant, or other such contractual arrangement.