Nebraska Administrative Code
Topic - NATURAL RESOURCE COMMISSION
Title 261 - RULES GOVERNING ADMINISTRATION OF THE WATER SUSTAINABILITY FUND
Chapter 4 - LAND RIGHTS: PURCHASES, SALES AND RENTS/REVENUES
Section 261-4-016 - APPRAISAL AND NOTIFICATION TO PUBLIC BODIES OF APPRAISED FAIR MARKET VALUE

Whenever a public entity Indicates in accordance with Chapter 4 Section 017 that it is Interested in acquiring or retaining lands purchased in whole or in part with Water Sustainability Funds, the Department shall have an appraisal prepared for such lands in accordance with section 2-1502 R.S. Supp., 2000, as amended, and notify such public entity of the appraised fair market value. Such notification shall indicate the proposed date of sale, the appraised fair market value, and the requirements for purchase or retention by public bodies in accordance with Chapter 4 Section 020.