2009 Nebraska Code
Chapter 79 SCHOOLS
79-1023 School district; general fund budget of expenditures; limitation; department; certification.

79-1023. School district; general fund budget of expenditures; limitation; department; certification.

(1) On or before March 10, 2010, on or before April 1, 2011, and on or before March 1 of each year thereafter, the department shall determine and certify to each school district the maximum general fund budget of expenditures minus the special education budget of expenditures for the immediately following school fiscal year.

(2) Except as provided in section 79-1028.01, no school district shall have a general fund budget of expenditures minus special grant funds and the special education budget of expenditures more than the greater of (a) the product of the difference of the general fund budget of expenditures minus special grant funds and the special education budget of expenditures for the immediately preceding school fiscal year multiplied by (i) except as otherwise provided in subdivision (a)(ii) of this subsection, the sum of one plus the local system's applicable allowable growth rate or (ii) for school fiscal year 2010-11, the sum of one plus seventy-five hundredths of one percent plus the local system's applicable allowable growth rate or (b)(i) except as otherwise provided in subdivision (b)(ii) of this subsection, the difference of one hundred twenty percent of formula need for such school fiscal year minus the product of the sum of one plus the basic allowable growth rate for such school fiscal year multiplied by the special education budget of expenditures as filed on the school district budget statement on or before September 20 for the immediately preceding school fiscal year or (ii) for school fiscal years 2009-10 and 2010-11, the difference of one hundred sixteen and fifteen-hundredths percent of formula need for such school fiscal year minus the product of the sum of one plus the basic allowable growth rate for such school fiscal year multiplied by the special education budget of expenditures as filed on the school district budget statement on or before September 20 for the immediately preceding school fiscal year.

Source

Laws 1990, LB 1059, § 14;
Laws 1991, LB 829, § 33;
Laws 1992, LB 1063, § 202;
Laws 1992, Second Spec. Sess., LB 1, § 173;
Laws 1995, LB 613, § 3;
Laws 1996, LB 299, § 27;
R.S.Supp.,1995, § 79-3814;
Laws 1996, LB 900, § 669;
Laws 1998, LB 989, § 8;
Laws 2003, LB 67, § 13;
Laws 2008, LB988, § 43;
Laws 2009, LB61, § 2;
Laws 2009, LB545, § 16;
Laws 2009, LB548, § 2;
Laws 2009, First Spec. Sess., LB5, § 11;
Laws 2010, LB711, § 3;
Laws 2010, LB1071, § 20.
Note: The Revisor of Statutes has pursuant to section 49-769 correlated LB711, section 3, with LB1071, section 20, to reflect all amendments.
Note: Changes made by LB711 became effective February 26, 2010. Changes made by LB1071 became operative April 15, 2010.

Cross References

Retirement expenditures, not exempt from limitations, see section 79-977.