This bill amends several sections of the Reissue Revised Statutes of Nebraska related to the Tax Equity and Educational Opportunities Support Act. A significant addition is the establishment of military impact funding for school districts that provide education to federally connected children whose parents are on active duty in the uniformed services. Starting from the school fiscal year 2025-26, districts that received federal impact aid will be eligible for this funding, which will be calculated based on the number of such children enrolled in the district. The bill also modifies the definition of local system formula resources to include military impact funding and adjusts the certification dates for state aid and budget authority.

Additionally, the bill specifies that any prior certifications of state aid and budget authority for the school fiscal year 2025-26 are null and void if completed before the effective date of the act. The department is tasked with determining and certifying the necessary funding levels and budget authority for each school district, with new deadlines set for June 15, 2025, and March 1 of each subsequent year. The bill emphasizes the need for these changes to ensure equitable funding for schools, particularly those impacted by military presence, and declares an emergency for immediate enactment upon approval.

Statutes affected:
Introduced: 79-1001, 79-1017.01, 79-1022, 79-1022.02, 79-1023, 79-1027, 79-1031.01