LB 126 — Change provisions relating to redemption of bonds of political subdivisions
Last action — Approved by Governor on February 25, 2025
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✓Introduced
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✓In Committee
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✓Passed Legislature
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✓To Executive
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5Enacted
This bill has been enacted into law. Introduced January 10, 2025. Enacted.
Signed by Governor Jim Pillen (Republican) on February 26, 2025.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
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Enacted
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
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Cleared a recorded vote
Passed 2 recorded votes so far.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Bill Text
What changed in the latest version
64 added · 77 removedPlain-language change summary
The recent amendment to Bill LB 126 updates the provisions regarding the redemption of certain municipal bonds in Nebraska. Specifically, the changes clarify which types of bonds are excluded from being redeemed early by the issuing entity after five years, including distinctions for various districts and authorities. This matters because it can impact the financial flexibility of these entities and how they manage their indebtedness, potentially influencing local budgets and projects.
LB126 LB126 2025 LEGISLATURELEGISLATIVE OFBILL NEBRASKA126 ONEApproved HUNDREDby NINTHthe LEGISLATUREGovernor FIRSTFebruary SESSION25, LEGISLATIVE2025 BILL 126 FINAL READING Introduced by Holdcroft, 36.
Read firstA timeBILL JanuaryFOR 10,AN 2025ACT Committee:relating to bonds;
Government, Military and Veterans Affairs A BILL FOR AN ACT relating to bonds;
Be it enacted by the people of the State of Nebraska, -1- LB126 LB126 2025 Section 1.
(2) The issuer, except districts organized under Chapter 31 or 39, of any such bonds of indebtedness, when the total amount of bonds at par value authorized as a single issue is five hundred thousand dollars or -2- LB126 LB126 2025 more, may agree to pay a call premium of not to exceed four percent of the par value for the redemption of such bonds.
Bonds listed in subdivisions (1)(a) through (1)(1)(d) (d) of this section may contain such provisions with respect to their redemption as the public power district, public power and irrigation district, metropolitan utilities district, city, village, housing authority, school district, Board of Regents, or Board of Trustees shall provide.
-3- LB126 LB126 2025 Sec.
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Action History
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Approved by Governor on February 25, 2025
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Passed on Final Reading 48-0-1
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President/Speaker signed
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Presented to Governor on February 21, 2025
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Placed on Final Reading
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Advanced to Enrollment and Review for Engrossment
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Placed on Select File
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Advanced to Enrollment and Review Initial
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Placed on General File
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Notice of hearing for January 22, 2025
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Referred to Government, Military and Veterans Affairs Committee
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Date of introduction
Sponsors
- Rick Holdcroft · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 48 not signed on
Sponsors (1)
Co-sponsors (0)
None.
Not signed on (48)
48 members have not signed on to this bill.
Show all 48 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 48 | 0 | 0 | 1 |
| Total | 48 | 0 | 0 | 1 |
| % of votes cast | 98% | 0% | 0% | 2% |
How each member voted (49)
| Member | Party | Vote |
|---|---|---|
| McKeon | — | Yea |
| Meyer | — | Yea |
| Ashlei Spivey | — | Yea |
| Barry DeKay | — | Yea |
| Beau Ballard | — | Yea |
| Ben Hansen | — | Yea |
| Bob Andersen | — | Yea |
| Bob Hallstrom | — | Yea |
| Brian Hardin | — | Yea |
| Carolyn Bosn | — | Yea |
| Christy Armendariz | — | Yea |
| Dan Lonowski | — | Yea |
| Dan Quick | — | Yea |
| Danielle Conrad | — | Yea |
| Dave Murman | — | Yea |
| Dave Wordekemper | — | Yea |
| Dunixi Guereca | — | Yea |
| Eliot Bostar | — | Yea |
| George Dungan | — | Yea |
| Jana Hughes | — | Yea |
| Jane Raybould | — | Yea |
| Jared Storm | — | Yea |
| Jason Prokop | — | Yea |
| John Arch | — | Yea |
| John Cavanaugh | — | Yea |
| John Fredrickson | — | Yea |
| Kathleen Kauth | — | Yea |
| Loren Lippincott | — | Yea |
| Machaela Cavanaugh | — | Yea |
| Margo Juarez | — | Yea |
| Megan Hunt | — | Yea |
| Merv Riepe | — | Yea |
| Mike Jacobson | — | Yea |
| Mike Moser | — | Yea |
| Myron Dorn | — | Yea |
| Paul Strommen | — | Yea |
| R. Brad von Gillern | — | Yea |
| Rick Holdcroft | — | Yea |
| Rita Sanders | — | Yea |
| Robert Clements | — | Yea |
| Robert Dover | — | Yea |
| Stan Clouse | — | Yea |
| Tanya Storer | — | Yea |
| Teresa Ibach | — | Yea |
| Terrell McKinney | — | Not Voting |
| Tom Brandt | — | Yea |
| Tony Sorrentino | — | Yea |
| Victor Rountree | — | Yea |
| Wendy DeBoer | — | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 41 | 0 | 0 | 8 |
| Total | 41 | 0 | 0 | 8 |
| % of votes cast | 84% | 0% | 0% | 16% |
How each member voted (49)
Subjects
Frequently asked questions
- Who sponsors LB 126?
- LB 126 is sponsored by Rick Holdcroft.
- What is the current status of LB 126?
- This bill has been enacted into law. Introduced January 10, 2025. Enacted.
- Where can I track LB 126?
- Track LB 126 free on One Click Politics — get push/email alerts when it moves.
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