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

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, andon or before March 1 of each year thereafter,the department shall determine and certify to each school district the maximumgeneral fund budget of expenditures minus the special education budget ofexpenditures for the immediately following school fiscal year.(2) Except as provided in section 79-1028.01, no school districtshall have a general fund budget of expenditures minus special grant fundsand the special education budget of expenditures more than the greater of(a) the product of the difference of the general fund budget of expendituresminus special grant funds and the special education budget of expendituresfor the immediately preceding school fiscal year multiplied by (i) exceptas otherwise provided in subdivision (a)(ii) of this subsection, the sum ofone plus the local system's applicable allowable growth rate or (ii) for schoolfiscal year 2010-11, the sum of one plus seventy-five hundredths of one percentplus the local system's applicable allowable growth rate or (b)(i) exceptas otherwise provided in subdivision (b)(ii) of this subsection, the differenceof one hundred twenty percent of formula need for such school fiscal yearminus the product of the sum of one plus the basic allowable growth rate forsuch school fiscal year multiplied by the special education budget of expendituresas filed on the school district budget statement on or before September 20for the immediately preceding school fiscal year or (ii) for school fiscalyears 2009-10 and 2010-11, the difference of one hundred sixteen and fifteen-hundredthspercent of formula need for such school fiscal year minus the product of thesum of one plus the basic allowable growth rate for such school fiscal yearmultiplied by the special education budget of expenditures as filed on theschool district budget statement on or before September 20 for the immediatelypreceding school fiscal year. SourceLaws 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 ReferencesRetirement expenditures, not exempt from limitations, see section 79-977.