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

The bill also includes provisions that nullify any prior certifications of state aid and budget authority completed before the effective date of the act for the school fiscal year 2025-26. It aims to harmonize various sections of the law and ensure that school districts receive appropriate funding based on their needs and growth. The original sections being amended are repealed, and the act is set to take effect immediately upon passage, citing an emergency.

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