LB964

Nebraska LB964 mandates public hearings and property disclosure for sales, leases, or purchases by political subdivisions.

Nebraska LB964, known as the Nebraska Public Property Disclosure Act, requires political subdivisions to hold open public hearings before selling, leasing, or purchasing real property. Any individual can attend these hearings to voice support or opposition and raise concerns about the property. If the governing body decides to proceed with the transaction, they must publish a notice in a local newspaper at least ten days before the sale, lease, or purchase. The notice must include details such as the legal description, address, assessed value, proposed price, and names of involved parties.