LB 852 — Provide for the recapture of funding distributed from the Convention Center Support Fund to certain recipients

LB852 LB852 2026 LEGISLATURELEGISLATIVE OFBILL NEBRASKA852 ONEApproved HUNDREDby NINTHthe LEGISLATUREGovernor SECONDApril SESSION14, LEGISLATIVE2026 BILL 852 FINAL READING   Introduced by Spivey, 13;

Read  firstA timeBILL JanuaryFOR 08,AN 2026ACT Committee:relating to the Convention Center Facility Financing Assistance Act;

Revenue A BILL FOR AN ACT relating to the Convention Center Facility Financing Assistance Act;

Be it enacted by the people of the State of Nebraska, -1- LB852 LB852 2026 Section 1.

(3)(a) Ten percent of the funds appropriated to a city of the metropolitan class under subdivision (2)(a) of this section and all of the funds appropriated to a city of the metropolitan class under subdivision (2)(b) of this section shall be equally distributed to areas -2- LB852 LB852 2026 with a high concentration of poverty.

(iii) Two residents of the area with a high concentration of poverty, appointed by the two members of the committee described in subdivisions (3)(c)(i)(3)(c) (i) and (ii) of this section.

Each time a resident member is to -3- LB852 LB852 2026 be appointed pursuant to this subdivision, the committee shall solicit applications from interested individuals by posting notice of the open position on the city's website and on the city's official social media accounts, if any, and by publishing the notice in a legal newspaper in or of general circulation in the area with a high concentration of poverty.

Notice of the hearing shall be provided, at least seven days prior to the hearing, by posting the notice on -1- LB852 LB852 2026 the city's website and on the city's official social media accounts, if any, and by publishing the notice in a legal newspaper in or of general circulation in the area with a high concentration of poverty;

Applications for funding may be -4- LB852 LB852 2026 submitted to either of such members;

(iii) The amount of funding subject to recapture shall be determined on a pro rata basis based on the portion of the three-year period during which the recipient failed to remain in compliance with subdivision (3)(3)(g)(i) (g)(i) of this section.

(iv) Any funding recaptured by a county pursuant to this subdivision -5-(3) LB852(g) LB852 2026 (3)(g) shall be returned to the Convention Center Support Fund or to an applicable development fund administered by the county, as determined by the county.

(4)(a) Ten percent of the funds appropriated to a city of the primary class under subdivision (2)(a) of this section may, if the city determines by consent of the city council that such funds are not currently needed for the purposes described in section 13-2604, be used -6- LB852 LB852 2026 as follows:

42 being constructed or expected to be constructed within the political subdivision, for investment in areas with a high concentration of -2- LB852 LB852 2026 poverty to assist with low-income housing needs.

(6) The remaining thirty percent of state sales tax revenue collected by retailers and operators doing business at such facilities on sales at such facilities, state sales tax revenue collected on primary and secondary box office sales of admissions to such facilities, and state sales tax revenue collected by associated hotels and nearby retailers, shall be appropriated by the Legislature to the Civic and -7- LB852 LB852 2026 Community Center Financing Fund.

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