2013 Nebraska Revised Statutes
Chapter 79 - SCHOOLS
79-1009 - Option school districts; net option funding; calculation.

79-1009. Option school districts; net option funding; calculation.

(1)(a) A district shall receive net option funding if option students as defined in section 79-233 (i) were actually enrolled in the school year immediately preceding the school year in which the aid is to be paid or (ii) will be enrolled in the school year in which the aid is to be paid as converted contract option students.

(b) The determination of the net number of option students shall be based on (i) the number of students enrolled in the district as option students and the number of students residing in the district but enrolled in another district as option students as of the day of the fall membership count pursuant to section 79-528, for the school fiscal year immediately preceding the school fiscal year in which aid is to be paid, and (ii) the number of option students that will be enrolled in the district or enrolled in another district as converted contract option students for the fiscal year in which the aid is to be paid.

(c) Net number of option students means the difference of the number of option students enrolled in the district minus the number of students residing in the district but enrolled in another district as option students.

(2) For purposes of this section, net option funding shall be the sum of the product of the net number of option students multiplied by the statewide average basic funding per formula student.

(3) A district's net option funding shall be zero if the calculation produces a negative result.

Payments made under this section shall be made from the funds to be disbursed under section 79-1005.01.

Such payments shall go directly to the option school district but shall count as a formula resource for the local system.

Source

Laws 1996, LB 1050, § 18;
Laws 1997, LB 806, § 40;
Laws 1998, Spec. Sess., LB 1, § 21;
Laws 1999, LB 813, § 21;
Laws 2001, LB 797, § 22;
Laws 2001, LB 833, § 5;
Laws 2002, LB 898, § 10;
Laws 2004, LB 1093, § 6;
Laws 2008, LB988, § 35;
Laws 2011, LB235, § 14.