Neb. Rev. Stat. § 72-258.01

If such land should not be sold according to the provisions of sections 72-208 , 72-257 , 72-257.01 , and 72-258 , then it shall be offered for lease as the Board of Educational Lands and Funds shall provide for a period of not less than three years nor more than eight years as the board, in its discretion, shall determine. No such leased land shall be subsequently offered for sale until the expiration of such lease.