This bill amends section 77-6906 of the Urban Redevelopment Act in Nebraska to redefine the term "economic redevelopment area." The revised definition now includes two specific criteria: first, an area where the average unemployment rate is at least 150% of the state average during the most recent federal decennial census or American Community Survey 5-Year Estimate; and second, an area where the average poverty rate is 20% or more for the federal census tract. Additionally, the bill introduces a new provision that includes any federal census tract directly adjacent to an area that meets the first criterion.

The bill also repeals the original section 77-6906, effectively replacing it with the updated definition. This change aims to clarify the criteria for identifying economic redevelopment areas, potentially impacting urban redevelopment efforts in Nebraska.

Statutes affected:
Introduced: 77-6906