Skip to main content
Find a Lawyer

Nebraska Revised Statutes Chapter 19. Cities and Villages; Laws Applicable to More Than One and Less Than All Classes § 19-5704. Grant; application; contents; eligibility; limitations

Current as of January 01, 2024 | Updated by Findlaw Staff

(1) Beginning July 1, 2024, an eligible grantee may apply to the Department of Economic Development for a grant under the Municipality Infrastructure Aid Act on forms created by the department.

(2) To be eligible for a grant under the Municipality Infrastructure Aid Act, an eligible grantee shall include the following in its application:

(a) The infrastructure improvements that are a part of a redevelopment plan approved under the Community Development Law;

(b) How the infrastructure improvements would attract and support any new business or business expansion;

(c) How the infrastructure improvements would provide infrastructure that is sufficient for the new business or business expansion;

(d) The cost-benefit analysis of the redevelopment plan approved under the Community Development Law; and

(e) How the new business or business expansion would provide the following:

(i) The creation of additional jobs in or near the eligible grantee;

(ii) The creation of high-quality jobs in or near the eligible grantee;

(iii) Increased business investment in or near the eligible grantee; and

(iv) Revitalization of rural and other distressed areas of the state.

(3) A grant shall not be awarded to an eligible grantee if:

(a) The eligible grantee does not provide a positive cost-benefit analysis of the redevelopment plan approved under the Community Development Law; or

(b) The eligible grantee does not provide matching funds in the amount of at least twenty-five percent of the amount of the grant.

(4) An eligible grantee shall not be awarded a grant of more than five million dollars for any single application.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 19. Cities and Villages; Laws Applicable to More Than One and Less Than All Classes § 19-5704. Grant; application; contents; eligibility; limitations - last updated January 01, 2024 | https://codes.findlaw.com/ne/chapter-19-cities-and-villages-laws-applicable-to-more-than-one-and-less-than-all-classes/ne-rev-st-sect-19-5704/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard