This legislative bill amends several sections of the Reissue Revised Statutes of Nebraska and the Revised Statutes Cumulative Supplement, 2024, with a focus on enhancing funding for various community services and initiatives. A significant addition is the establishment of the Child Care Grant Fund, which will support licensed child care providers through funds received from specific sections. The bill also modifies the Military Installation Development and Support Fund to assist community-based organizations that support veterans and introduces new provisions for the Affordable Housing Trust Fund, including allocations for emerging developers and special population housing programs. Additionally, the documentary stamp tax rate is increased from $2.25 to $3.30 per $1,000 of value, with the collected tax distributed among several funds, including the Affordable Housing Trust Fund and the Economic Recovery Contingency Fund.

Furthermore, the bill mandates financial transfers from the Economic Recovery Contingency Fund to various initiatives, including a $750,000 transfer to the Museum Construction and Maintenance Fund and a $30 million transfer to the Inland Port Authority Fund. It also allocates 25% of the state portion of the Medicaid Fraud Settlement Fund to the Health Care Homes for the Medically Underserved Fund, which will be used for various purposes such as hiring staff and improving patient care services. The act is set to become operative on October 1, 2025, aiming to provide operational support for innovation hubs and enhance community services across Nebraska.

Statutes affected:
Introduced: 43-2622, 43-2624, 55-901, 58-703, 76-901, 76-903, 77-1327, 81-3140