The bill amends various sections of the Nebraska Revised Statutes to enhance the Convention Center Facility Financing Assistance Act and the Nebraska Visitors Development Act. Key updates include the introduction of new definitions such as "Applicant," referring to the political subdivision seeking assistance, and "Maximum aggregate appropriation," which establishes a cap of $150 million for approved projects. The bill clarifies criteria for identifying associated hotels and nearby retailers in relation to eligible facilities, particularly those within six hundred yards of the State Capitol. It also specifies that state assistance can be utilized for capital improvements and outlines the application requirements for such assistance. Additionally, the bill mandates that a portion of appropriated funds be allocated to areas with high poverty concentrations to support local development projects aimed at violence reduction and small business growth. It requires the formation of committees to oversee fund allocation and emphasizes community involvement in project selection. The bill also introduces provisions for the County Visitors Improvement Fund, which will be used to expand, improve, and maintain visitor attractions and facilities, while prohibiting the use of fund proceeds for facilities associated with parimutuel wagering unless they also host state or county fairs. The structure and responsibilities of the visitors committee are defined, ensuring effective management and funding of tourism-related projects in Nebraska.

Statutes affected:
Introduced: 13-2603, 13-2604, 13-2605, 13-2606, 13-2607, 13-2610, 81-3717, 81-3720
Final Reading: 13-2603, 13-2604, 13-2605, 13-2610, 81-3717, 81-3720
Slip Law: 13-2603, 13-2604, 13-2605, 13-2610, 81-3717, 81-3720