Bill > LR278

This resolution acknowledges the Nebraska Public Power District's (NPPD) purchase of 202 acres of farmland for over five million dollars, despite several notable concerns. The land was bought from NPPD's own Land Management Manager at a price significantly higher than its appraised fair market value, with an appraisal valuing the land at $11,000 per acre (totaling about $2.3 million) compared to the actual purchase price of $25,000 per acre (totaling over $5 million). The resolution notes that neither the Land Management Manager nor the Chief Audit and Ethics Officer filed a conflict-of-interest statement as required by state law, even though the Chief Audit and Ethics Officer earned over $250,000 in 2024 and would be subject to conflict-of-interest reporting requirements. The substantive discussions about the land purchase occurred in a closed executive session, and the cost difference of approximately $2.7 million will ultimately be paid by Nebraska ratepayers. Despite these potential irregularities, the resolution formally recognizes the NPPD's land purchase, with the NPPD's CEO asserting that they "did all things right" in the transaction.

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=62288