| Formal Name: | Nebraska Board of Educational Lands and Funds |
| Contact Person: | The current Executive Secretary of the Board is Richard R. Endacott. After serving since 2009, he is retiring on July 15, 2016, and will be replaced at that time by Kelly L. Sudbeck, Executive Secretary, 555 North Cotner, Lincoln, Ne. 68505. Phone: 402-4 |
| Purpose: | The Board was established in 1867 (the date of Statehood) when the Federal Government made a grant to the Board of 2.8 million acres of land in trust for the benefit of the public schools of Nebraska. The Nebraska Constitution in 1875 provided in Article VII, Sec. 9 the following: The following funds shall be exclusively used for the support and maintenance of the common schools in each school district in the State as the Legislature shall provide:a.Income arising from the perpetual funds.b.The Income from the unsold school lands, except that costs of administration shall be deducted from the income before it is so applied.c.All other grants, gifts and devises that have been or may hereafter be made to the state which are not otherwise appropriated by the terms of the grant, gift or devise, andd.Such other support as the Legislature may provide. |
| How Many Affectable: | All of the Nebraska Public Schools are affected. According to the Nebraska Board of Education there are 368,587 students in grades K-12 in the Nebraska Public Schools. |
| How Many Served: | All of the Nebraska Public Schools are affected. According to the Nebraska Board of Education there are 368,587 students in grades K-12 in the Nebraska Public Schools. |
| Year Created: | Although the land was granted to the State in 1867, the Nebraska Act Enabling Congress was passed by the U.S. Congress and signed into law by President Abraham Lincoln in 1864. The relevant section of that act is Section 7 which provides: And be it furth |
| Year Active: | See above (1867). The current successor Board was created in 1939. |
| Sunset Date: | NA |
| Number Of Members: | 5 |
| Who Appoints: | Governor with the consent of a majority of members elected to the Legislature. |
| Legislative Approval: | Yes |
| Qualifications Of Members: | Legislative approval required. Qualifications: These are set out in Section 72-201 of the Statutes: One member shall be appointed from each of the congressional districts as the districts were constituted on January 1, 1961, and a fifth member shall be appointed from the state at large. One member of the board shall be competent in the field of investments. |
| Per Diem: | Yes. $50 per day for each days time actually engaged in the performance of the duties of their office. |
| Expense Reimbursement: | Yes. Necessary traveling expenses incurred while upon business of the board. |
| Term Length: | 5 Years |
| Terms Rotate or Expire At Once: | Terms Rotate |
| Support Staff: | Yes |
| Shared or Separate: | Separate |
| FY 13-14 Budget: | FY 13-14 budget$4,339,705Budget Expended$3,520,045 Plus R.E. Taxes$8,808,000R.E. Taxes Expended$9,002,607 |
| FY 14-15 Budget: | FY 14-15 budget$4,580,540Budget Expended$4,304,582 Plus R.E. Taxes$9,473,000R.E. Taxes Expended$10,111,041 |
| FY 15-16 Budget: | blank |
| Other Funding Sources: | NA |
| Spending Authority: | The board currently manages 1.259 million acres of land remaining from the grant referred to in 1. above. The proceeds from the leasing of said lands are used for administrative expenses (including taxes of approximately 70% of total expenditures), and c |