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LB 953

Change provisions related to eligible activities for and requirements for assistance from the Site and Building Development Fund

109th Legislature (2025-2026) Introduced by Brad von Gillern

LB 953 modifies Nebraska's Site and Building Development Fund's eligible activities and recipient requirements to reshape economic development funding priorities.

Notice of hearing for February 10, 2026
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Bill Summary · LB 953

Legislative bill overview

LB 953 modifies Nebraska's Site and Building Development Fund by changing which activities qualify for assistance and altering requirements for recipients. The bill, introduced by Senator Brad von Gillern, is currently under review by the Banking, Commerce and Insurance Committee with a hearing scheduled for February 10, 2026.

Why is this important

The Site and Building Development Fund supports economic development and infrastructure projects across Nebraska. Changes to eligible activities and requirements could affect which communities, businesses, or project types receive state funding support, potentially shifting development patterns and investment priorities statewide.

Potential points of contention

  • Scope of eligible activities: Unclear which activities are being added or removed from funding eligibility, and whether changes benefit certain regions or industries over others
  • Requirement modifications: Changes to recipient requirements could make funding easier or harder to access, affecting small businesses, rural areas, or specific sectors differently
  • Fiscal impact: The bill's effect on total fund expenditures and long-term state budget implications remains to be detailed

Compiled from official sources — confirm details with the bill’s official record.

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