92 Neb. Admin. Code, ch. 8, § 003

Current through September 17, 2024

Section 92-8-003 - General Procedures for Financing and Budgeting

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.