This bill amends section 81-12,203 of the Reissue Revised Statutes of Nebraska, which pertains to the Nebraska Rural Projects Act. The primary focus of the amendment is to redefine the term "Project" to include specific expenses related to the development of industrial rail access business parks. Notably, the bill clarifies that expenses can be incurred for site acquisition, transportation infrastructure, utility extensions, and rail spur construction. It introduces new language that specifies the inclusion of infrastructure development costs that benefit the business park but are not owned by the applicant, such as rights-of-way, easements, and necessary utility improvements.

Additionally, the bill repeals the original section 81-12,203, indicating a complete overhaul of the existing legal language. The changes aim to enhance the clarity and scope of what constitutes a project under the Nebraska Rural Projects Act, thereby potentially facilitating the development of industrial parks in the state. The bill is set to take effect immediately upon passage and approval, citing the existence of an emergency.