Section 97-13-004 - Commercial Billboard Advertising004.01 Expired Leases Educational Lands that have expired agricultural leases, and are located where thy have a commercial value for advertising purposes Shall be inspected by a representative of the Board of Educational Lands and Funds and classified as a commercial site to reflect the value of such purpose. Separate leases covering the property for agricultural and commercial purposes shall be advertised and offered for sale.
004.02 Unexpired Leases004.02A Before any billboards are placed on educational lands with unexpired agricultural leases, a sublease from the lessee of the educational land to the company of agency desiring to use the land for such purpose must be approved by the Board of Educational Lands and Funds.004.02B No educational lands held under lease shall be subleased without written approval of the Board of Educational Lands and Funds.004.02C Application to sublease must be made on a form approved by the Board and must be subscribed to under oath by both the lessee and the sublessee. For each lease considered for sublease, a separate application must be submitted.004.02D Before such sublease application will be approved, the lessee will be required to submit a copy of the sublease agreement with the amount of money to be paid for the sublease stated therein. An inspection of the property shall then be made by a representative of the Board of Educational Lands and Funds and classified as a commercial site to reflect the value of the land for such purpose. Rental shall be charged to the agricultural lessee, accordingly.004.02E A copy of the Commercial Advertising Lease Agreement must accompany the application.004.02F Whenever an application to sublease is made, the land shall be subject to reclassification to reflect commercial value.004.02G A plat showing the location of advertising billboards must accompany the application.004.02H A fee of $ 10.00 for filing and recording must accompany the application for subleasing of any educational land. The fees will be refunded in the event the application is rejected.004.02I If field inspection is necessary, all expenses incurred shall be paid by the applicant.004.02J Applications to sublease educational land shall be on a year to year basis unless otherwise provided.004.02K Rental must be paid to date before a sublease agreement will be approved.004.02L All rules, regulations, and convenants which apply to the present lease and lessee shall also be binding on the sublessee.004.02M The lessee will be held strictly accountable for the observance of all covenants of the lease.97 Neb. Admin. Code, ch. 13, § 004