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2009 Nebraska Code
Chapter 79 SCHOOLS
79-1007.10 Cost growth factor; computation.

79-1007.10. Cost growth factor; computation.

(1) For state aid calculated for all school fiscal years except school fiscal years 2009-10 through 2013-14, the cost growth factor shall equal the sum of: (a) One; plus (b) the basic allowable growth rate pursuant to section 79-1025 for the school fiscal year in which the aid is to be distributed; plus (c) the basic allowable growth rate pursuant to section 79-1025 for the school fiscal year immediately preceding the school fiscal year in which the aid is to be distributed; plus (d) one percent.

(2)(a) For state aid calculated for school fiscal year 2009-10, the cost growth factor shall equal the sum of: (i) One; plus (ii) the basic allowable growth rate pursuant to section 79-1025 for the school fiscal year in which the aid is to be distributed; plus (iii) the basic allowable growth rate pursuant to section 79-1025 for the school fiscal year immediately preceding the school fiscal year in which the aid is to be distributed; plus (iv) one and five-tenths percent.

(b) For state aid calculated for school fiscal year 2010-11, the cost growth factor shall equal the sum of: (i) One; plus (ii) the basic allowable growth rate pursuant to section 79-1025 for the school fiscal year in which the aid is to be distributed; plus (iii) the basic allowable growth rate pursuant to section 79-1025 for the school fiscal year immediately preceding the school fiscal year in which the aid is to be distributed; plus (iv) two percent.

(c) For state aid calculated for school fiscal years 2011-12 through 2013-14, the cost growth factor shall equal the sum of: (i) One; plus (ii) the basic allowable growth rate pursuant to section 79-1025 for the school fiscal year in which the aid is to be distributed; plus (iii) the basic allowable growth rate pursuant to section 79-1025 for the school fiscal year immediately preceding the school fiscal year in which the aid is to be distributed; plus (iv) one and five-tenths percent.

Source
    Laws 2006, LB 1024, § 83;
    Laws 2007, LB21, § 2;
    Laws 2008, LB988, § 32;
    Laws 2009, LB545, § 7.



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