The bill amends section 81-3720 of the Reissue Revised Statutes of Nebraska, which governs the County Visitors Improvement Fund. It modifies the provisions related to grants by allowing grants to be made for a specified annual amount not to exceed the greater of the proceeds from a one percent sales tax imposed by a county for the fund or two thousand five hundred dollars. Additionally, grants can be made for a term of years not exceeding twenty years and may be pledged by the recipient to secure bonds for financing expansions, improvements, or construction of visitor attractions. The bill clarifies that bonds issued by grant recipients will not constitute a debt or obligation of the county.

Furthermore, the bill repeals the original section 81-3720 and declares an emergency, allowing the act to take effect immediately upon passage and approval. The definition of "visitor attraction" remains unchanged, referring to locations open to the public that hold educational, cultural, historical, artistic, or recreational significance.

Statutes affected:
Introduced: 81-3720