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 designating economic redevelopment areas, potentially expanding the scope of areas eligible for redevelopment assistance under the Urban Redevelopment Act.

Statutes affected:
Introduced: 77-6906