This bill appropriates funds to the Department of Economic Development for the fiscal years 2025-26 and 2026-27. Specifically, it allocates $500,000 from the General Fund for each of these years to be used as state aid. The bill emphasizes that these funds are designated solely for this purpose and includes a provision that the appropriated funds shall be utilized for educational programming and technical expertise related to downtown or mainstreet revitalization, business growth, and historic preservation in communities across Nebraska.
Additionally, the bill expresses the Legislature's intent to continue appropriating $500,000 annually from the General Fund to support these initiatives. This ongoing funding aims to enhance the economic development efforts within the state, focusing on revitalizing local communities and preserving their historical significance.