2006 Nebraska Revised Statutes - § 79-1007.06 — Poverty allowance; calculation.

Section 79-1007.06
Poverty allowance; calculation.

(1) For school fiscal year 2008-09 and each school fiscal year thereafter, the department shall determine the poverty allowance for each school district that has not been disqualified pursuant to section 79-1007.07. The school district may designate a maximum poverty allowance on or before November 1 of the school fiscal year immediately preceding the school fiscal year for which aid is being calculated on a form prescribed by the department. The school district may decline to participate in the poverty allowance by providing the department with a maximum poverty allowance of zero dollars on or before November 1 of the school fiscal year immediately preceding the school fiscal year for which aid is being calculated on such form.

(2) The poverty allowance for each school district that has not been disqualified pursuant to section 79-1007.07 shall equal the lesser of:

(a) The maximum amount designated pursuant to subsection (1) of this section by the school district in the local system, if such school district designated a maximum amount, for the school fiscal year for which aid is being calculated; or

(b) Sixty-one percent of the sum of:

(i) The statewide average general fund operating expenditures per formula student multiplied by 0.05 then multiplied by the poverty students comprising more than five percent and not more than ten percent of the formula students in the school district; plus

(ii) The statewide average general fund operating expenditures per formula student multiplied by 0.10 then multiplied by the poverty students comprising more than ten percent and not more than fifteen percent of the formula students in the school district; plus

(iii) The statewide average general fund operating expenditures per formula student multiplied by 0.15 then multiplied by the poverty students comprising more than fifteen percent and not more than twenty percent of the formula students in the school district; plus

(iv) The statewide average general fund operating expenditures per formula student multiplied by 0.20 then multiplied by the poverty students comprising more than twenty percent and not more than twenty-five percent of the formula students in the school district; plus

(v) The statewide average general fund operating expenditures per formula student multiplied by 0.25 then multiplied by the poverty students comprising more than twenty-five percent and not more than thirty percent of the formula students in the school district; plus

(vi) The statewide average general fund operating expenditures per formula student multiplied by 0.30 then multiplied by the poverty students comprising more than thirty percent of the formula students in the school district.

Source:

Laws 2006, LB 1024, § 79.

~Revised Statutes Cumulative Supplement, 2006