Section 350-41-005 - CITY OR VILLAGE ELECTRIC DISTRIBUTION SYSTEM005.01 Any city or village that has purchased or acquired an electric distribution system prior to June 10, 1947, from a public power district or irrigation district for use within the city or village may pay an in lieu of tax.005.02 Should the city or village desire to pay an in lieu of tax, the payment shall equal the sum of the last in lieu of tax paid by the public power district or irrigation district from whom the distribution system was purchased.005.03 The county treasurer to whom an in lieu of tax payment is made by a city or village pursuant to this regulation, shall distribute said payment to the state, county, city, village or school district in the same amounts as were last distributed when the system was owned by the public power district or irrigation district.005.04 The assessor shall obtain information concerning the in lieu of taxes from the county treasurer and report such information as required by the Property Tax Administrator on the Certificate of Taxes Levied Report.350 Neb. Admin. Code, ch. 41, § 005