Neb. Rev. Stat. §§ 72-254
Current with changes through the 2024 First Special Legislative Session
Any lands so received and patented from the United States shall be held as a part of the educational lands of this state, and shall be subject to all existing laws pertaining to such lands; Provided, that such lands, so received in exchange, shall only be subject to lease for terms not exceeding twelve years, with the privilege of renewing for a like term in the option of the board. Such leases may also include the right to the lessee of removing all improvements he may have erected on the land.
Neb. Rev. Stat. §§ 72-254