For each school year commencing with the 1977-78 school year which has begun or has been completed prior to February 19, 1981, a public power district, public power and irrigation district, municipality, electric cooperative, electric membership corporation, or other entity subject to sections 79-1066 to 79-1069 may pay to any impacted school district, upon written request with certified supporting information from such school district within one hundred eighty days after February 19, 1981, an amount which shall not exceed the amount calculated in accordance with the formula set forth in section 79-1067 as applied to the applicable school year.

Terms Used In Nebraska Statutes 79-1068

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • School: means a school under the jurisdiction of a school board authorized by Chapter 79. See Nebraska Statutes 79-101
  • School year: means (a) for elementary grades other than kindergarten, the time equivalent to at least one thousand thirty-two instructional hours and (b) for high school grades, the time equivalent to at least one thousand eighty instructional hours. See Nebraska Statutes 79-101
  • Year: shall mean calendar year. See Nebraska Statutes 49-801
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