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Bill > LB850
NE LB850
NE LB850Authorize the use of economic development programs for certain construction or rehabilitation of housing in cities of the metropolitan class and cities of the primary class under the Local Option Municipal Economic Development Act
summary
Introduced
01/08/2026
01/08/2026
In Committee
01/12/2026
01/12/2026
Crossed Over
Passed
Dead
Introduced Session
Potential new amendment
109th Legislature
Bill Summary
A BILL FOR AN ACT relating to the Local Option Municipal Economic Development Act; to amend section 18-2705, Reissue Revised Statutes of Nebraska, and section 18-2709, Revised Statutes Supplement, 2025; to redefine terms; to authorize the use of economic development programs for certain construction or rehabilitation of housing in cities of the metropolitan class and primary class; to harmonize provisions; and to repeal the original sections.
AI Summary
This bill amends the Local Option Municipal Economic Development Act to allow cities of the metropolitan class and cities of the primary class to use economic development programs for the construction or rehabilitation of housing. Previously, this type of housing development was primarily restricted to smaller cities and villages. The bill clarifies that these housing projects can be for persons of low or moderate income, part of a workforce housing plan, or part of an affordable housing action plan. It also makes conforming changes to the definition of a "qualifying business" to include businesses involved in housing construction or rehabilitation in these larger cities. The Act, or "Local Option Municipal Economic Development Act," is a state law that allows cities to implement economic development programs using local funds to support businesses and related projects.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Placed on General File (on 02/12/2026)
Official Document
bill text
bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=63275 |
| Analysis - Committee Statement | https://nebraskalegislature.gov/FloorDocs/109/PDF/CS/LB850.pdf |
| Fiscal Note for LB850 | https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB850_20260126-123306.pdf |
| Analysis - Statement of Intent | https://nebraskalegislature.gov/FloorDocs/109/PDF/SI/LB850.pdf |
| Kauth FA490 | https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA490.pdf |
| BillText | https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB850.pdf |
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