79-4,109 Class I district; reaffiliation authorized; effective date; effect. - Nebraska Statutes

79-4,109. Class I district; reaffiliation authorized; effective date; effect.A Class I district with more than fifty percent of its valuation affiliated with a single Class II or III district participating in a unified system may reaffiliate so that its entire valuation is affiliated with that Class II or III district. A Class I district which is not entirely within a Class VI system and which does not have more than fifty percent of its valuation affiliated with a Class II or III district may reaffiliate so that its entire valuation is affiliated with a Class II or III district participating in a unified system. The effective date of the reaffiliation shall be the effective date of the Class I district's participation in the unified system. The reaffiliation shall not affect any existing bond obligations. SourceLaws 1998, LB 1219, § 10; Laws 2005, LB 126, § 57; Referendum 2006, No. 422.