Nebraska § 72-240.02 - School lands; new leases; board; powers.
Full text of Nebraska Revised Statutes of Nebraska § 72-240.02 — School lands; new leases; board; powers., with citation guidance and answers to common questions.
§ 72-240.02. School lands; new leases; board; powers.
If no such application for a new lease is received or if the applicant fails to meet the requirements for a new lease, the Board of Educational Lands and Funds may, at any time within three months after the expiration of the lease, enter into a lease with any other person it deems willing and able to meet the standards prescribed by the board in its rules and regulations at the rental rate for land of such classification.
If no application is made by lessee, board may enter into a lease with any person willing and able to meet statutory requirements. State ex rel. Ebke v. Board of Educational Lands & Funds, 154 Neb. 244, 47 N.W.2d 520 (1951).
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 72-240.02
What does Revised Statutes of Nebraska § 72-240.02 cover?
Section 72-240.02 ("School lands; new leases; board; powers.") is part of the Revised Statutes of Nebraska, the codified statutory law of Nebraska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nebraska § 72-240.02?
A common citation format is "Revised Statutes of Nebraska § 72-240.02" (Nebraska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nebraska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nebraska official source linked on this page or consult a licensed Nebraska attorney.
How does Nebraska § 72-240.02 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nebraska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nebraska.