The resolution acknowledges the Nebraska Public Power District's acquisition of 202 acres of farmland for over five million dollars from its own Land Management Manager, who is also the Chief Audit and Ethics Officer. It highlights concerns regarding potential conflicts of interest, as neither individual filed a conflict-of-interest statement despite earning salaries exceeding the threshold that would require such disclosures. The resolution notes that the purchase was discussed in a closed executive session, and an appraisal indicated the fair market value of the land was significantly lower than the purchase price, resulting in a cost difference of approximately two million seven hundred thousand dollars that will ultimately be borne by Nebraska ratepayers.

Despite these concerns, the resolution formally recognizes the Nebraska Public Power District for the farmland purchase, reflecting a legislative acknowledgment of the transaction. The Chief Executive Officer of the Nebraska Public Power District defended the process, stating that they believe all actions taken were appropriate.