LR278

Nebraska LR278 recognizes the Nebraska Public Power District for purchasing two hundred two acres of farmland for over five million dollars.

Nebraska LR278 acknowledges the Nebraska Public Power District's acquisition of two hundred two acres of farmland for more than five million dollars. The purchase price was set at twenty-five thousand dollars per acre, significantly higher than the appraised fair market value of eleven thousand dollars per acre. The transaction involved the Land Management Manager and the Chief Audit and Ethics Officer, neither of whom filed a conflict-of-interest statement as required by law. The substantive discussion regarding the purchase occurred in an executive session closed to the public.