Nebraska 109th Legislature (2025-2026) Status: In Committee

LB 1246 — Provide duties for the Nebraska Investment Finance Authority and change reporting requirements under the Nebraska Affordable Housing Act

Last action — Indefinitely postponed

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Legislature
  4. 4
    To Executive
  5. 5
    Enacted

This bill is in committee in the Legislature. Introduced January 21, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Legislature.

Prognosis

Stalled 14% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

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

How this bill changes current law

6 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill revises reporting requirements and procedures for the Nebraska Investment Finance Authority and the Department of Economic Development under the Nebraska Affordable Housing Act.

  • Section 58-201

    Budget administrator means the budget administrator of the budget division of the Department of Administrative Services; and Public funds has the same meaning as in section 81-11,106.

    Defines new terms related to budget administration and public funds.

  • Section 58-201

    The authority shall: Record all revenue, fund balances, and expenditures from all public funds in an accounting system; Submit a report to the budget administrator, the Legislative Fiscal Analyst, and the Director of Economic Development showing the condition of public funds held by the authority. Such report shall be submitted at least twenty days before the commencement of each regular session of the Legislature; Submit an accounting of transactions undertaken with public funds to the budget administrator, the Legislative Fiscal Analyst, and the Director of Economic Development.

    Establishes new reporting duties for the Nebraska Investment Finance Authority regarding public funds.

  • Section 58-708

    The Department of Economic Development shall disburse grant funds to a qualified recipient equal to eighty percent of the housing development costs of such recipient... and shall disburse grant funds to a qualified recipient equal to twenty percent of the housing development costs of such recipient...

    Modifies how grant funds are disbursed to recipients based on project completion.

  • Section 58-708

    Beginning on October 1, 2025, a qualified recipient shall submit to the Department of Economic Development a schedule of uses of funds for eligible activities on a quarterly basis.

    Imposes new quarterly reporting requirements on qualified recipients regarding fund usage.

  • Section 58-708

    The Department of Economic Development shall fund in order of priority as many applications as will utilize available funds less actual administrative costs of the department in administering the program. → The Department of Economic Development shall fund applications based on priority to utilize available funds after administrative costs.

    Clarifies the funding prioritization process for grant applications.

  • Section 58-708

    The Department of Economic Development may recapture any funds which were allocated to a qualified recipient for an eligible project through an award agreement if such funds were not utilized for eligible costs within the time of performance under the agreement and are therefore therefor no longer obligated to the project. → The Department of Economic Development may recapture any funds allocated that are not utilized for eligible projects within the agreed performance time.

    Allows the department to recapture unspent funds from qualified recipients.

Action History

  1. Indefinitely postponed

  2. Provisions/portions of LB1246 amended into LB768 by AM2364

  3. Referred to Banking, Commerce and Insurance Committee

  4. Notice of hearing for February 17, 2026

  5. Kauth FA906 filed

  6. Date of introduction

Sponsors

Sponsorship breakdown

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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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors LB 1246?
LB 1246 is sponsored by Robert Dover.
What is the current status of LB 1246?
This bill is in committee in the Legislature. Introduced January 21, 2026. It must pass committee before a floor vote.
Where can I track LB 1246?
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Last checked for changes 3 months ago · updated continuously

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