2006 Nebraska Revised Statutes - § 79-1073 — General fund property tax receipts; learning community coordinating council; certification; division; distribution.

Section 79-1073
General fund property tax receipts; learning community coordinating council; certification; division; distribution.

On or before October 1 for each year, each learning community coordinating council shall determine the expected amounts to be distributed to each member school district from general fund property tax receipts and shall certify such amounts to each member school district and the State Department of Education . Such property tax receipts shall be divided among member school districts proportionally based on the difference of one hundred ten percent of the school district's formula need calculated pursuant to section 79-1007.02 minus the sum of the state aid certified pursuant to section 79-1022 and the other actual receipts included in local system formula resources pursuant to section 79-1018.01, except that no school district shall receive property tax receipts in excess of the lesser of such difference or the school district's property tax request.

Each time a learning community coordinating council distributes property tax receipts to member school districts, the amount to be distributed to each district shall be proportional based on the total amounts to be distributed to each member school district for the school fiscal year.

Source:

Laws 2006, LB 1024, § 93.

~Revised Statutes Cumulative Supplement, 2006