Terminates the Board of Educational Lands and Funds and transfers its responsibilities to the Department of Administrative Services.
Nebraska LB652 proposes to terminate the Board of Educational Lands and Funds, which currently manages school lands and funds. The bill outlines the process for selling these lands as leases expire, with the Department of Administrative Services taking over these responsibilities on July 1, 2027. The proceeds from land sales will be credited to the permanent school fund. The bill also repeals the original section and specifies that the board shall terminate on July 1, 2027.
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