2006 Nebraska Revised Statutes - § 79-1009 — Option school districts; net option funding; calculation.

Section 79-1009
Option school districts; net option funding; calculation.

(1) A district shall receive net option funding if option students as defined in section 79-233 (a) were actually enrolled in the school year immediately preceding the school year in which the aid is to be paid or (b) will be enrolled in the school year in which the aid is to be paid as converted contract option students.

(2) For purposes of this section: (a) For all school fiscal years except school fiscal years 2002-03 through 2007-08, net option funding means the sum of the products of the net number of option students in each grade range multiplied by the statewide average cost grouping cost per student multiplied by the weighting factor for the corresponding grade range pursuant to section 79-1007.01; and (b) for school fiscal years 2002-03 through 2007-08, net option funding shall be calculated by subtracting the temporary aid adjustment factor from the sum of the products of the net number of option students in each grade range multiplied by the statewide average cost grouping cost per student multiplied by the weighting factor for the corresponding grade range pursuant to section 79-1007.01, except that a local system's net option funding shall not be less than zero. Net number of option students means the number of option students actually enrolled in a grade range in the current data year minus the number of students residing in the district but enrolled in another district in the same grade range in the current data year as option students as defined in section 79-233. A district's net option funding shall be zero if the calculation produces a negative result.

(3) The determination of the net number of option students shall be based on (a) the number of option students enrolled in the district or enrolled in another district as of the day of the fall membership count pursuant to section 79-528, for the school fiscal year immediately preceding the school fiscal year in which the aid is to be paid and (b) the number of option students that will be enrolled in the district or enrolled in another district as converted contract option students for the school fiscal year in which the aid is to be paid. Payments made under this section shall be made from the funds to be disbursed under section 79-1005.01 or 79-1005.02.

(4) Payments made pursuant to this section shall go directly to the option school district but shall count as a formula resource for the local system.

Source:

Laws 1996, LB 1050, § 18

Laws 1997, LB 806, § 40

Laws 1998, Spec. Sess., LB 1, § 21

Laws 1999, LB 813, § 21

Laws 2001, LB 797, § 22

Laws 2001, LB 833, § 5

Laws 2002, LB 898, § 10

Laws 2004, LB 1093, § 6

~Revised Statutes Cumulative Supplement, 2006