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Bill > LB254


NE LB254

State legislative intent to transfer funds for workforce housing


summary

Introduced
01/14/2025
In Committee
01/16/2025
Crossed Over
Passed
Dead

Introduced Session

109th Legislature

Bill Summary

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

AI Summary

This bill states the Nebraska Legislature's intent to transfer a total of $50 million from the General Fund specifically to support workforce housing initiatives. The funds will be transferred in two installments: $25 million in fiscal year 2025-26 and another $25 million in fiscal year 2026-27, with both transfers going to the Rural Workforce Housing Investment Fund. These funds are designated to provide workforce housing grants under the Rural Workforce Housing Investment Act, which aims to support housing development for working individuals in rural areas. The bill includes an emergency clause, meaning it will take effect immediately upon passage and approval, allowing for quick implementation of the intended fund transfers to address housing needs in rural communities.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Appropriations Hearing (13:30:00 3/5/2025 Room 1003) (on 03/05/2025)

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