Nebraska LB1246 amends duties for the Nebraska Investment Finance Authority and changes reporting requirements under the Nebraska Affordable Housing.
Nebraska LB1246 amends the duties of the Nebraska Investment Finance Authority, requiring it to record all revenue, fund balances, and expenditures from public funds in an accounting system. The bill also mandates the authority to submit reports to the budget administrator, the Legislative Fiscal Analyst, and the Director of Economic Development. Additionally, LB1246 changes reporting requirements under the Nebraska Affordable Housing Act, requiring the Department of Economic Development to recapture funds from qualified recipients who fail to complete projects.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.