The proposed bill, known as the Grocer Reinvestment Option Act, aims to support grocery stores in Nebraska by establishing a program that provides grants for new investments aimed at improving access to nutritious food. The bill defines key terms such as "grocery store," "new investment," and outlines the creation of the Grocer Reinvestment Option Program, which will be administered by the Department of Economic Development. Eligible applicants must meet specific criteria, including being registered to do business in Nebraska, demonstrating a need in their area, and committing to use grant funds for new investments in existing grocery stores located in smaller communities.

Additionally, the bill establishes the Grocer Reinvestment Option Fund to finance the program, with a stipulation that no more than 15% of the fund can be used for administrative costs. The Department is tasked with reporting on the funded projects and their outcomes, and any unspent grant money must be returned to the department. The legislation also allows the department to create rules and regulations to effectively implement the act. The intent of the Legislature is to appropriate funds for the program in the upcoming fiscal years.