Neb. Rev. Stat. §§ 79-1007.10

Current with changes through 2024

Section 79-1007.10 - Cost growth factor; computation

(1) For state aid calculated for all school fiscal years except school fiscal year 2010-11, the cost growth factor shall equal the sum of:

(a) The basic allowable growth rate pursuant to section 79-1025 for the school fiscal year in which the aid is to be distributed; plus

(b) 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.

(2) 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.

Neb. Rev. Stat. §§ 79-1007.10

Laws 2006, LB 1024, § 83; Laws 2007, LB21, § 2; Laws 2008, LB 988, § 32; Laws 2009, LB 545, § 7; Laws 2011, LB 235, § 8.