Statutes, codes, and regulations
Revised Statutes of Nebraska
Chapter 79 - SchoolsArticle 4 - SCHOOL ORGANIZATION AND REORGANIZATION
PROCEDURES AND RULES FOR NEW OR CHANGED DISTRICTS
Section 79-486 - New districts; proceeds of sale and funds of old district; how apportioned

Neb. Rev. Stat. §§ 79-486

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Current with changes through the 2024 First Special Legislative Session
Section 79-486 - New districts; proceeds of sale and funds of old district; how apportioned

All money on hand and arising from the sale of schoolhouse and site and all other funds of the divided districts described in section 79-485 shall be divided among the several districts created in whole or part from the divided districts as nearly as practicable in proportion to the taxable valuation of the taxable property attached to the districts formed in whole or in part by such division.

Neb. Rev. Stat. §§ 79-486

Laws 1881, c. 78, subdivision I, § 14, p. 335; R.S.1913, § 6713; C.S.1922, § 6251; C.S.1929, § 79-114; R.S.1943, § 79-127; Laws 1949, c. 256, § 54, p. 711; Laws 1979, LB 187, § 223; Laws 1992, LB 719A, § 180; R.S.1943, (1994), § 79-415; Laws 1996, LB 900, § 235.