This bill amends several sections of the Nebraska Revised Statutes to establish specific requirements for the purchase, lease, sale, or exchange of school lands located within Indian reservations. It introduces a first right of refusal for Indian tribes with jurisdiction over these lands, allowing them the opportunity to purchase or lease the lands before they are offered to others. The bill defines "Indian reservation" and "Indian tribe" by referencing existing statutes, ensuring clarity in the terms used.

Additionally, the bill empowers the Board of Educational Lands and Funds to enter into agreements with Indian tribes for the sale or exchange of state educational lands, provided that such transactions do not harm the state's interests. The amendments also emphasize the importance of soil conservation in leasing agreements and outline the conditions under which leases may be canceled. The original sections of the statutes being amended are repealed, streamlining the legal framework governing school lands in Nebraska.

Statutes affected:
Introduced: 72-212, 72-232, 72-253