Bill > LB234

This bill modifies the definition of an "economic redevelopment area" under Nebraska law by expanding the criteria for what qualifies as such an area. Previously, an economic redevelopment area required an area to have an unemployment rate at least 150% higher than the state average and a poverty rate of 20% or more in a federal census tract. The bill now adds a second category, stipulating that any federal census tract directly adjacent to an area meeting the original unemployment and poverty criteria can also be considered an economic redevelopment area. This change effectively broadens the geographic scope of areas that can be designated for economic redevelopment, potentially allowing more regions to access economic development resources and incentives. The bill accomplishes this by amending section 77-6906 of the Revised Statutes and then repealing the original section, which is a standard legislative technique for updating legal definitions.

Budget and Finance

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=59407