Nebraska LB852 provides for the recapture of funding distributed from the Convention Center Support Fund to certain recipients.
Nebraska LB852 amends the Convention Center Facility Financing Assistance Act to establish a process for the recapture of funding distributed from the Convention Center Support Fund to certain recipients. The bill specifies that if a recipient fails to maintain its principal place of business or primary operations within an area with a high concentration of poverty for a period of three years, the county may recapture the funding. The recaptured funds are to be returned to the Convention Center Support Fund or to an applicable development fund administered by the county.
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