Bill > LB294

This bill modifies the provisions governing grants from the County Visitors Improvement Fund by updating several key aspects of the existing law. The bill expands the grant-making criteria to allow grants that are the greater of either the proceeds from a 1% county sales tax or $5,000, and clarifies that grants can be made for a maximum of 20 years. The legislation maintains the fund's purpose of supporting visitor attractions, which are defined as public locations with educational, cultural, historical, artistic, recreational, or entertainment value. The bill specifies that grants can be used for expanding, improving, or constructing visitor attractions owned by public entities or nonprofit organizations. An important provision emphasizes that bonds secured by these grants are not considered county debt or a general obligation, and must explicitly state that the county's faith and credit are not pledged to repay the bonds. The bill includes an emergency clause, meaning it will take effect immediately upon passage, and it formally repeals the original section of the statute to replace it with the updated language.

Military Affairs and Security

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=59444