Nebraska Statutes 79-422. Change in boundary lines; bonded indebtedness; treatment
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Bonded indebtedness approved by legal voters prior to any change in school district boundary lines pursuant to sections 79-413 to 79-421 shall remain the obligation of the school district voting such bonds unless otherwise specified in the petitions. When a district is dissolved by petitions and the area is attached to two or more districts, the petitions shall specify the disposition of assets and unbonded obligations of the original district.
Source
- Laws 1971, LB 468, § 10;
- Laws 1990, LB 259, § 11;
- Laws 1993, LB 348, § 13;
- R.S.1943, (1994), § 79-402.11;
- Laws 1996, LB 900, § 171;
- Laws 2005, LB 126, § 22;
- Referendum 2006, No. 422;
- Laws 2021, LB528, § 24.
Terms Used In Nebraska Statutes 79-422
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- School: means a school under the jurisdiction of a school board authorized by Chapter 79. See Nebraska Statutes 79-101