This bill amends section 85-105 of the Reissue Revised Statutes of Nebraska, which governs the powers of the Board of Regents of the University of Nebraska. The key change involves the requirements for the disposition of property owned by the university. Previously, the university could not dispose of grounds with a market value exceeding one million dollars without the consent of the Legislature. The new language allows the Board of Regents to authorize the disposal of such property with a majority vote in a public meeting, eliminating the need for legislative consent.

Additionally, the bill repeals the original section 85-105, thereby updating the legal framework governing property disposition for the university. This change aims to streamline the process for the Board of Regents, granting them greater autonomy in managing university assets while still ensuring accountability through the requirement of a public vote.

Statutes affected:
Introduced: 85-105