2009 Nebraska Code
Chapter 79 SCHOOLS
79-1007.24 Aid stabilization; calculation.

79-1007.24. Aid stabilization; calculation.

(1) For school fiscal year 2008-09, aid stabilization shall be calculated for each local system and disbursed in an amount equal to the difference of the state aid paid to such local system for school fiscal year 2007-08 pursuant to section 79-1022 minus two and one-half percent of the need calculated for the school fiscal year for which aid is being calculated and minus the sum of the calculated equalization aid, allocated income tax funds, and net option funding for such school fiscal year, except that aid stabilization shall not be less than zero.

(2) For school fiscal year 2009-10, aid stabilization shall be calculated for each local system and disbursed in an amount equal to the difference of the state aid paid to such local system for school fiscal year 2007-08 pursuant to section 79-1022 minus five percent of the need calculated for the school fiscal year for which aid is being calculated and minus the sum of the calculated equalization aid, allocated income tax funds, and net option funding for such school fiscal year, except that aid stabilization shall not be less than zero. If the amount actually paid to a local system during school fiscal year 2007-08 was different than the amount certified pursuant to section 79-1022 due to a reorganization affecting such local system, the amount that was actually paid to such local system during such school fiscal year shall be deemed the amount paid pursuant to section 79-1022.

Source

Laws 2008, LB988, § 26;
Laws 2009, LB545, § 11.