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Nebraska Revised Statutes Chapter 79. Schools § 79-1007.10. Cost growth factor; computation

Current as of January 01, 2024 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 79. Schools § 79-1007.10. Cost growth factor; computation - last updated January 01, 2024 | https://codes.findlaw.com/ne/chapter-79-schools/ne-rev-st-sect-79-1007-10/

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