This bill proposes the establishment of a grant program by the Department of Economic Development aimed at supporting nonprofit organizations that operate bike-sharing programs in Nebraska. The department will be responsible for awarding grants to eligible nonprofits and will require these organizations to report on the use of the funds to ensure they are utilized for their intended purpose. Additionally, the bill includes provisions for the return of any funds that are not used as authorized.

Furthermore, the bill expresses the Legislature's intent to appropriate $250,000 from the General Fund to support the establishment of this bike-sharing grant program. This initiative is designed to promote public health and welfare by enhancing transportation options within the state.