Nebraska Statutes 79-1065. Financial support to school districts; adjustments authorized; records
The State Department of Education shall adjust payments of state funds provided under Chapter 79 or federal funds provided under federal law to school districts which, after final determination, received funds not equal to the appropriate allocation for the previous school fiscal year such that the district will receive the funds to which it was finally determined to be entitled. If the total adjustment cannot be made from the funds to be provided in the current school fiscal year, the adjustment shall be prorated, with additional adjustments made to payments for future school fiscal years. The department shall maintain an accurate account and a record of the reasons the adjustments were made and the amount of such adjustments.
Source
- Laws 1976, LB 903, § 10;
- Laws 1987, LB 367, § 68;
- Laws 1990, LB 1059, § 41;
- Laws 1991, LB 511, § 63;
- Laws 1992, LB 245, § 68;
- Laws 1992, LB 1001, § 30;
- R.S.1943, (1994), § 79-1369;
- Laws 1996, LB 900, § 711;
- Laws 1997, LB 710, § 20;
- Laws 1998, Spec. Sess., LB 1, § 38;
- Laws 2017, LB512, § 17.
Terms Used In Nebraska Statutes 79-1065
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- School: means a school under the jurisdiction of a school board authorized by Chapter 79. See Nebraska Statutes 79-101
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801
- Year: shall mean calendar year. See Nebraska Statutes 49-801