NE LB249

Creates new "military impact funding" for school districts starting in school fiscal year 2025-26, providing state payments to districts that educate children of active-duty uniformed service members and receive federal impact aid under Section 7003 of the Elementary and Secondary Education Act of 1965

Calculates military impact funding by subtracting per-pupil federal impact aid from per-pupil local property tax levy, then multiplying by the number of enrolled federally connected military children; districts receive zero if federal aid exceeds local levy amount

Adds military impact funding to the definition of "local system formula resources" under the Tax Equity and Educational Opportunities Support Act, alongside existing components like net option funding, allocated income tax funds, and foundation aid

Changes certification deadline for state aid distribution amounts from June 15, 2023 to June 15, 2025, with subsequent annual certifications due by March 1 each year thereafter

Declares an emergency, making the act effective immediately upon passage and approval