OMAHA, Neb. (AP) — The Nebraska Supreme Court has reaffirmed that public school districts are not prohibited by state law from using lease-purchase agreements to fund building projects.
The decision Thursday came in a lawsuit filed by taxpayers in 2012 after the after Scribner-Snyder Community School district entered a lease-purchase agreement with a bank to pay for building several classrooms. That came after voters rejected a $7.5 million bond proposal by the school district for the work. The taxpayers did not seek a temporary restraining order to try to stop construction.
The high court found that the taxpayers' claims moot, because the work has already been done. But it issued a "public interest" ruling, finding that state law does not prohibit use of such lease-purchase agreements.
Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.