Bill > LB290

This bill modifies provisions of the Economic Recovery Act related to grant funding, specifically amending section 81-12,241 to adjust how the Economic Recovery and Incentives Division of the Department of Economic Development distributes grants. The key change involves grant funding for a business park within an inland port district in a metropolitan class city, requiring specific conditions before funds can be released, such as creating a dedicated bank account for grant funds, holding public input meetings, and obtaining a letter of support from the inland port authority. The bill maintains the division's existing responsibilities to prioritize economic recovery in communities disproportionately impacted by COVID-19, with a focus on housing needs, small business assistance, job training, and business development. It sets specific grant allocation limits for various purposes, including up to $90 million for a business park development, $6 million for internships and crime prevention, $5 million for a film about Chief Standing Bear, and multiple grants for affordable housing initiatives in metropolitan and primary class cities. The bill also specifies that all grants using federal Coronavirus State Fiscal Recovery Funds must meet federal guidelines, ensuring transparency and appropriate use of recovery funds.

Housing and Urban Affairs

Urban Affairs Committee (L)

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=59001