The proposed bill establishes the Restitution and Redress for Redlining Task Force Act in Nebraska, aimed at addressing the historical injustices of redlining that have affected African American and immigrant communities since the 1930s. The task force will consist of seven members appointed by the Governor, focusing on diverse representation from impacted communities. Its responsibilities include studying the effects of discriminatory lending practices, developing reparation proposals for victims and their descendants, recommending public education strategies, and suggesting appropriate remedies. The task force is required to submit annual reports to the Legislature and is set to terminate on November 1, 2028.

To support the task force, the bill creates the Restoration Study Fund, which will receive proceeds from the Marijuana and Controlled Substances Tax Administration Cash Fund until November 1, 2028. Additionally, the bill amends existing laws regarding the distribution of funds from property seizures under the Uniform State Tax Lien Registration and Enforcement Act, clarifying the allocation of funds to county treasurers and the Nebraska State Patrol Drug Control and Education Cash Fund. It also establishes the Marijuana and Controlled Substances Tax Administration Cash Fund for tax administration purposes and allows for transfers to the Restoration Study Fund until the specified date. The bill repeals certain sections of the Reissue Revised Statutes of Nebraska to facilitate these changes.

Statutes affected:
Introduced: 77-4310.01, 77-4310.03