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Bill > LB741


NE LB741

NE LB741
State intent to transfer money and appropriate funds relating to housing


summary

Introduced
01/18/2023
In Committee
01/20/2023
Crossed Over
Passed
Dead
04/18/2024

Introduced Session

108th Legislature

Bill Summary

A BILL FOR AN ACT relating to appropriations; to state legislative intent to transfer and appropriate funds for workforce housing; and to declare an emergency.

AI Summary

This bill expresses the Legislature's intent to transfer and appropriate funds for workforce and affordable housing initiatives for fiscal years 2023-24 and 2024-25. * The Legislature intends to transfer $25 million from the General Fund for fiscal year 2023-24 and $25 million from the General Fund for fiscal year 2024-25 to the Rural Workforce Housing Investment Fund to provide grants for workforce housing. * The Legislature intends to appropriate $25 million from the General Fund for fiscal year 2023-24 and $25 million from the General Fund for fiscal year 2024-25 to the Affordable Housing Trust Fund. This funding will be used for loans, grants, subsidies, credit enhancements, and other financial assistance for community affordable housing projects, as well as for the Department of Economic Development's administrative expenses for the fund.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Indefinitely postponed (on 04/18/2024)

bill text


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