This bill amends section 246 of Laws 2025, LB261, concerning appropriations for the Department of Economic Development, specifically for the Industrial Recruitment program. The bill outlines the appropriations for fiscal years 2025-26 and 2026-27, detailing the amounts allocated from the General Fund, Cash Fund, and Federal Fund. Notably, it includes a reappropriation of unexpended Cash Fund balances for obligations related to the Site and Building Development Act.

Significantly, the bill inserts new language specifying that the $11,020,352 in General Funds appropriated for FY2026-27 is designated for state aid to award grants under the Business Innovation Act. Furthermore, it states the Legislature's intent that $3,000,000 of this amount be specifically allocated for grants and technical assistance under the microenterprise assistance program. Additionally, the bill expresses the intent to appropriate an extra $4,500,000 in Cash Funds from the Site and Building Development Fund for FY2027-28. The original section of the law is repealed as part of this amendment.