This bill amends several sections of Nebraska's statutes related to school lands, specifically addressing the purchase, lease, sale, or exchange of these lands when they are located within the boundaries of an Indian reservation. It establishes that the Indian tribe with jurisdiction over the reservation will have the first right of refusal for both purchasing and leasing school lands. The bill also defines key terms such as "Indian reservation" and "Indian tribe" by referencing existing statutes.

Additionally, the bill grants the Board of Educational Lands and Funds the authority to enter into agreements with Indian tribes for the sale or exchange of state educational lands, provided that such transactions are not detrimental to the state's interests. The bill emphasizes the importance of soil conservation in leasing agreements and allows the board to adopt necessary regulations to protect state interests. The original sections of the statutes being amended are repealed as part of this legislative update.

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