NE LB300

Caps superintendent and educational service unit administrator compensation at no more than five times the compensation of a beginning teacher in the same district or unit for any contract year

Defines "compensation" broadly to include salary plus benefits such as retirement contributions, health insurance premiums, severance pay, annuities, cash awards, and potential unused leave payouts

Requires contracts exceeding the compensation limit to be deemed invalid, with excess compensation forfeited and returned to the district or unit, and violations reported to the Commissioner of Education within 30 days

Mandates that proposed superintendent/administrator contracts be published at least three days before board consideration, including the maximum total compensation allowed under the new cap

Applies to all school district classes (I-V) and educational service units, with compensation from related entities (e.g., an ESU paying a school superintendent) counted toward the cap