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NE LB286

Change provisions relating to application deadlines under the Nebraska Innovation Hub Act and the Nebraska Rural Projects Act


summary

Introduced
01/15/2025
In Committee
01/17/2025
Crossed Over
02/11/2025
Passed
03/13/2025
Dead
Signed/Enacted/Adopted
03/17/2025

Introduced Session

109th Legislature

Bill Summary

A BILL FOR AN ACT relating to economic development; to amend sections 81-12,110 and 81-12,208, Reissue Revised Statutes of Nebraska; to provide an application deadline under the Nebraska Innovation Hub Act; to change an application deadline under the Nebraska Rural Projects Act; and to repeal the original sections.

AI Summary

This bill modifies application deadlines for two economic development programs in Nebraska: the Nebraska Innovation Hub Act and the Nebraska Rural Projects Act. Under the Innovation Hub (iHub) Act, the bill extends the application deadline for private nonprofit corporations or inland port authorities to apply for iHub designation from the current deadline to December 31, 2025. For the Nebraska Rural Projects Act, the bill changes the application deadline from June 30, 2023, to December 31, 2025, allowing more time for businesses to apply for matching funds. These changes provide additional opportunities for economic development in Nebraska, particularly in rural and innovative sectors. The bill maintains the existing application requirements for both programs, including submission of detailed plans, budgets, and an application fee of $1,000. The extensions will give more organizations and businesses the chance to participate in these economic development initiatives, potentially supporting job creation, business growth, and innovation across the state.

Committee Categories

Housing and Urban Affairs

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Urban Affairs Committee (L)

Last Action

Approved by Governor on March 17, 2025 (on 03/17/2025)

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