2006 Nebraska Revised Statutes - § 79-1072.04 — Elementary improvement grants; conditions; distribution.

Section 79-1072.04
Elementary improvement grants; conditions; distribution.

Class II and III school districts shall qualify for elementary improvement grants for the 2007-08, 2008-09, and 2009-10 school fiscal years if:

(1) The voters of the Class II or Class III school district approve a bond issue for at least two million dollars on or after June 15, 2006, and on or before June 14, 2007, for a project to remodel an existing elementary attendance center or to build a new elementary attendance center;

(2) Demographic factors increase the number of weighted formula students for the school district's local system by at least four and one-half percent to arrive at the adjusted formula students for the final calculation of state aid pursuant to section 79-1065 for the 2005-06 school year;

(3) The final calculation of state aid pursuant to section 79-1065 for the 2005-06 school year included at least three hundred ninety formula students for the school district's local system;

(4) The school district consists of at least one hundred fifty square miles; and

(5) The State Board of Education approves the project as being designed to improve the educational environment for students with diverse economic and cultural backgrounds.

The amount to be distributed each school fiscal year shall be divided equally among qualifying school districts up to one hundred thousand dollars for each school district. The amount to be distributed shall be distributed to the school district as one lump-sum payment on the last business day of December and shall be treated as special grant funds as defined in section 79-1003.

Source:

Laws 2005, LB 126, § 6

~Revised Statutes Supplement, 2006