Statutes, codes, and regulations
Revised Statutes of Nebraska
Chapter 72 - PUBLIC LANDS, BUILDINGS, AND FUNDS
Article 2 - SCHOOL LANDS AND FUNDS
Section 72-205 - School lands; changes in valuation; rental schedule; factors

Neb. Rev. Stat. §§ 72-205

Download
PDF
Current with changes through the 2024 First Special Legislative Session
Section 72-205 - School lands; changes in valuation; rental schedule; factors

All school land shall be subject to lease at fair market rental as determined by the Board of Educational Lands and Funds. When the board deems it expedient to raise or lower the rental and the appraised rental valuation of school lands, the board shall adopt rental schedules according to classification and schedules of valuations for the counties involved. In arriving at such rental schedules, the board shall consider the rental of other lands similarly situated and any other relevant factors bearing upon the rental of such school lands. The fair market rental as determined by the board shall then be capitalized at an annual rate of four percent to compute the appraised rental valuation.

Neb. Rev. Stat. §§ 72-205

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, § 72-205; Laws 1947, c. 235, § 1, p. 743; Laws 1949, c. 212, § 1, p. 602; Laws 1999, LB 779, § 15.