The proposed bill establishes the Restitution and Redress for Redlining Task Force Act in Nebraska, aimed at addressing the historical injustices of redlining. The task force will study the impact of discriminatory lending practices on communities of color and marginalized groups since the 1930s, developing proposals for reparations, educational initiatives, and remedies for ongoing consequences. It will consist of seven members appointed by the Governor, ensuring diverse representation from affected communities, and will operate without compensation while being reimbursed for expenses. The task force is required to submit annual findings and recommendations to the Legislature until its termination in 2028.

Additionally, the bill amends existing statutes to create the Restoration Study Fund, which will receive proceeds from the Marijuana and Controlled Substances Tax Administration Cash Fund until November 1, 2028. After this date, the allocation of these proceeds will change, directing a portion to the Marijuana and Controlled Substances Tax Administration Cash Fund and the remainder to counties for drug law enforcement and education. The bill also clarifies the distribution of funds related to property seizures under the Uniform State Tax Lien Registration and Enforcement Act, defining the originating county and crediting funds to the Nebraska State Patrol Drug Control and Education Cash Fund. Furthermore, it creates the Marijuana and Controlled Substances Tax Administration Cash Fund for tax administration purposes and allows for transfers to the Restoration Study Fund until November 1, 2028, while repealing certain original sections of the Reissue Revised Statutes of Nebraska.

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