Nebraska Statutes 80-329. County board; lease or sell property for use as a veterans home; terms
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Any county board may lease or sell public property to the state for use as a veterans home at such rent and under such terms and conditions as it may deem just and advisable, notwithstanding the fact that such lease or sale is at less than the fair market value of such property.
Terms Used In Nebraska Statutes 80-329
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801