Bill > LB91

This bill modifies Nebraska state law regarding how public power districts or public power and irrigation districts can transfer their electric distribution systems to cities or villages. The key changes include clarifying the language around the conveyance process, such as adding commas in certain phrases and replacing specific terms like "the said" with more neutral language like "such". The bill maintains the existing framework that allows a city or village to request a free transfer of an electric distribution system from a public power district, but only after the district has fully paid off or accumulated reserves for its bonds and obligations. The transfer process still requires a resolution from the city or village's governing body, with a 30-day notice period during which residents can file a referendum petition if they object. If no petition is filed or if a majority of voters approve the resolution, the transfer can proceed. The bill also preserves provisions that allow for refinancing of existing indebtedness and the issuance of new bonds for additional electric facilities. The primary purpose appears to be technical clarification and language modernization of the existing statute.

Agriculture and Natural Resources

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=59261