This bill amends several sections of the Tax Equity and Educational Opportunities Support Act in Nebraska, focusing on adjustments related to new schools and the certification of state aid. Key changes include the introduction of a two-year adjustment for new schools, which allows districts to apply for funding based on expected student growth and additional capacity. The bill specifies that the first-year adjustment will be calculated as twenty percent of the approved estimated additional student capacity, while the second-year adjustment will be ten percent. Additionally, the bill updates certification deadlines for state aid and budget authority, moving them to June 15, 2025, and March 1 of each subsequent year.

The bill also includes provisions to nullify any prior certifications of state aid and budget authority for the school fiscal year 2025-26 that were completed before the effective date of the act. Other amendments harmonize various provisions related to budget authority and allowable reserve percentages for school districts. The original sections being amended are repealed, and the act is declared to take effect immediately due to an emergency clause.

Statutes affected:
Introduced: 79-1007.11, 79-1007.21, 79-1022, 79-1022.02, 79-1023, 79-1027, 79-1031.01