79-4,110. Class I district; merge, dissolve, or reorganize; limitations.

A Class I district of which eight percent or more of the district's valuation is affiliated with a single Class II or III district shall not merge, dissolve, or reorganize unless:

(1) All Class II or III districts with which eight percent or more of the Class I district's valuation is affiliated are also reorganizing in the same reorganization plan, petition, or election and that plan, petition, or election requires approval by either the school boards or legal voters of such Class II or III districts;

(2) The Class I district's valuation is being merged with the Class II or III districts with which the property is affiliated;

(3) The Class I district has been participating in a unified system for a minimum of seven school fiscal years and the unified system includes at least one Class II or III district reorganizing in the same reorganization plan or petition; or

(4) The school boards of all Class II or III districts with which eight percent or more of the Class I district's valuation is affiliated vote to approve the plan or petition.

Source:Laws 1998, LB 1219, § 11; Laws 2002, LB 460, § 1; Laws 2005, LB 126, § 57; Referendum 2006, No. 422.