The bill amends several sections of the Reissue Revised Statutes of Nebraska and introduces the Service Contract Reporting Act, which requires cities, counties, and state agencies to report annually on service contracts awarded. These entities must submit a report by March 1 each year that includes the names and addresses of contractors, the total dollar value of contracts, and efforts to increase contract awards to underrepresented areas. If a city or county fails to submit the required report, state aid distributions will be suspended until compliance is achieved. Additionally, the bill allows first and second-class cities and villages to enter into contracts for the operation and management of municipal parking facilities, while also modifying provisions related to delinquent assessments and PACE liens to ensure timely recording of notices.

Moreover, the bill enhances the framework for redevelopment projects and the issuance of bonds by authorities, allowing for the issuance of conduit revenue bonds and taxpayer agreements that limit challenges to property tax assessments. It introduces provisions for the allocation of ad valorem taxes, extending the duration for tax division based on redevelopment area classification, and mandates that at least thirty percent of funds for housing projects serve low-income households. The bill also clarifies the creation and governance of land banks, requiring an odd number of voting members on the board and broadening member qualifications. Key changes include the ability for land banks to enter into longer leases, new reporting requirements, and provisions for the sale or transfer of water systems to Indian tribes, with some sections taking immediate effect due to an emergency declaration.

Statutes affected:
Introduced: 18-3405, 18-3407, 18-3408, 18-3410, 18-3413
Final Reading: 13-3206, 18-2101.02, 18-2117.01, 18-2124, 18-2125, 18-2136, 18-2147, 18-3404, 18-3405, 18-3407, 18-3408, 18-3410, 18-3413
Slip Law: 13-3206, 18-2101.02, 18-2117.01, 18-2124, 18-2125, 18-2136, 18-2147, 18-3404, 18-3405, 18-3407, 18-3408, 18-3410, 18-3413