| Formal Name: | Board of Educational Lands and Funds |
| Contact Person: | Kelly L. Sudbeck |
| Purpose: | Serve as Trustee and manager of the lands given to the State in trust by the Federal Government to support the public Schools. |
| How Many Affectable: | blank |
| How Many Served: | All public school students |
| Year Created: | 1867 |
| Year Active: | 1867 |
| Sunset Date: | None |
| Authorization Citation: | Nebraska Constitution Art. VII, Sec. 6,7,8,9; NEB.REV.STAT. Sec. 72-201et.seq, and 301et.seq. |
| Parent Agency: | None |
| Number Of Members: | 5 |
| Who Appoints: | Governor |
| Legislative Approval: | Yes |
| Qualifications Of Members: | blank |
| Per Diem: | $50.00 per day when performing Board business |
| Expense Reimbursement: | Yes |
| Term Length: | 5 years |
| Terms Rotate or Expire At Once: | Terms Rotate |
| Required FY 21-22: | 12 |
| Held FY 21-22: | 12 |
| Required FY 22-23: | 12 |
| Held FY 22-23: | 12 |
| Required FY 23-24: | 12 |
| Held FY 23-24: | 12 |
| Support Staff: | 18 |
| Shared or Separate: | blank |
| FY 21-22 Budget: | $20,998,632.00 |
| FY 22-23 Budget: | $21,071,370.00 |
| FY 23-24 Budget: | $21,071,370.00 |
| Other Funding Sources: | Income from operations (no taxes) |
| Spending Authority: | NEB.REV.STAT. section 72-201 et.seq. |
| Since July 1, 2020: | Paid approximately $232,000,000.00 into the public schools. Saved the same amount in real estate taxes for all Counties in the State. |