Change provisions relating to the new school adjustment under the Tax Equity and Educational Opportunities Support Act

LB 711 amends Nebraska's school funding rules to adjust how districts calculate "new schools school adjustments" for state aid. It requires districts seeking this adjustment (for new buildings expanding student capacity) to submit evidence of planned student growth and building use by October 15 annually. The bill sets limits: adjustments cannot drop below 100% or exceed 112% of the prior year's calculation for most districts, stabilizing funding changes. These changes directly affect Nebraska school districts applying for new building-related state aid under the Tax Equity and Educational Opportunities Support Act.