Bill > LB674

This bill modifies provisions related to the Perkins County Canal Project, a water infrastructure project involving the South Platte River. The bill changes the language from stating the canal "shall" be developed to saying it "may" be developed, which introduces more flexibility in the project's implementation. It also makes significant financial transfers, directing the State Treasurer to transfer $250 million from the Perkins County Canal Project Fund to the General Fund and another $250 million to the Water Sustainability Fund by June 30, 2025. The bill maintains provisions for the Department of Natural Resources to continue identifying the canal's optimal route, purchasing land, and conducting a comprehensive study examining the project's costs, timeline, cost-effectiveness, and potential impacts on drinking water supplies for Lincoln and Omaha. The South Platte River Compact, which is referenced in the bill, is an interstate agreement that authorizes Nebraska to develop water diversion infrastructure. The bill includes an emergency clause, meaning it would take effect immediately upon passage, and it repeals the original sections of the law that are being amended.

Budget and Finance

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=59703