Nebraska Administrative Code
Topic - EDUCATION, DEPARTMENT OF
Title 92 - NEBRASKA DEPARTMENT OF EDUCATION
Chapter 8 - SCHOOL FINANCE & BUDGETING/STATE FUNDING OF EDUCATIONAL SERVICE UNITS AND LEARNING COMMUNITIES
Section 92-8-003 - General Procedures for Financing and Budgeting
Universal Citation: 92 NE Admin Rules and Regs ch 8 ยง 003
Current through March 20, 2024
For purposes of this chapter, all assets and unbonded indebtedness of districts merged, dissolved, or annexed shall be transferred to the receiving district or districts on the basis of the proportionate share of assessed valuation received at the time of such reorganization. Unless otherwise specified, such proportions shall be used in all instances where the provisions of this chapter necessitate the reallocation of data, of payments, or of budgeting authority from dissolved, merged or annexed districts.
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