The proposed bill introduces the Infrastructure Development Investment Program Act, which aims to enhance financing for transportation infrastructure projects through loans and financial assistance to eligible entities. It establishes key definitions and a framework for the administration of the investment program by the State Highway Commission and the Department of Transportation. The bill creates the Infrastructure Development Investment Program Fund, detailing funding sources and permissible uses, including financial assistance for eligible projects and administrative costs. Additionally, it modifies existing laws related to transportation infrastructure contracts, including changes to applicant qualifications and public-private partnership delivery methods, while addressing various traffic regulations and operator's license suspensions.

The bill also amends several sections of the Revised Statutes Cumulative Supplement, 2024, particularly focusing on the Transportation Innovation Act. It redefines "public-private partnership" to include a "contracting agency" and introduces provisions for unsolicited proposals, ensuring competitive opportunities for entities. The bill raises the threshold for property damage in motor vehicle accidents that trigger license suspensions from $1,500 to $2,000 and increases the minimum security amount required under the Motor Vehicle Safety Responsibility Act from $1,500 to $2,000. Furthermore, it outlines new regulations for oversized and overweight vehicle permits, including fee adjustments and specific exemptions, ultimately aiming to improve road safety and the efficiency of transportation project delivery in Nebraska.

Statutes affected:
Introduced: 39-1351, 39-2802, 39-2814, 39-2825, 60-507, 60-513, 60-601, 60-605, 60-695, 60-699