Bill
LB 536
Overview: LB 536, "Adopt the Manufacturing Modernization Pilot Investment Act", had its provisions and portions amended into LB265 by AM900.Purpose and Intent: The main goal of LB
Overview: LB 536, "Adopt the Manufacturing Modernization Pilot Investment Act", had its provisions and portions amended into LB265 by AM900.
Purpose and Intent: The main goal of LB 536 was to establish the Manufacturing Modernization Pilot Investment Act, which aimed to provide financial assistance to small and medium-sized manufacturing businesses in the state to help them modernize their operations and improve their competitiveness.
Key Provisions:
- Created the Manufacturing Modernization Pilot Investment Program to provide grants and loans to eligible manufacturing businesses
- Established criteria for businesses to qualify for the program, including requirements related to size, location, and modernization plans
- Allocated funding for the program and outlined the application and selection process
Affected Parties and Impacts:
- Small and medium-sized manufacturing businesses in the state would be eligible to apply for the financial assistance provided by the program
- The program was intended to help these businesses invest in new technologies, equipment, and processes to modernize their operations and become more competitive
Procedural and Timeline Considerations:
- The provisions of LB 536 were incorporated into LB265 through AM900, which was adopted by the Legislature
- LB265, as amended, was passed and signed into law, establishing the Manufacturing Modernization Pilot Investment Act
Compiled from official sources — confirm details with the bill’s official record.
Sign in to ask a question.
