This bill amends the appropriations for the Department of Economic Development as outlined in Laws 2025, LB261, section 245. It specifies the allocation of funds for the fiscal years 2025-26 and 2026-27, including General Funds, Cash Funds, and Federal Funds for various programs. Notably, the bill introduces new provisions for mentorship programs aimed at improving reading levels or promoting professional growth for elementary students, with $4,880,762 in General Funds allocated for both fiscal years. Additionally, it includes funding for development districts and a study on prefabricated housing in Nebraska.

The bill also reappropriates unexpended Cash Fund balances for several housing investment acts and repeals the original section of the law. It declares an emergency, allowing the act to take effect immediately upon passage and approval.