{"data":{"id":"us-ne/neb.-rev.-stat.-19-5704","jurisdiction":"us-ne","citation":"Neb. Rev. Stat. § 19-5704","heading":"Neb. Rev. Stat. § 19-5704","body":"(1) Beginning July 1, 2024, an eligible grantee may apply to the Department of Economic Development for a grant under the Municipality Infrastructure Aid Act on forms created by the department.\n\n(2) To be eligible for a grant under the Municipality Infrastructure Aid Act, an eligible grantee shall include the following in its application:\n\n(a) The infrastructure improvements that are a part of a redevelopment plan approved under the Community Development Law;\n\n(b) How the infrastructure improvements would attract and support any new business or business expansion;\n\n(c) How the infrastructure improvements would provide infrastructure that is sufficient for the new business or business expansion;\n\n(d) The cost-benefit analysis of the redevelopment plan approved under the Community Development Law; and\n\n(e) How the new business or business expansion would provide the following:\n\n(i) The creation of additional jobs in or near the eligible grantee;\n\n(ii) The creation of high-quality jobs in or near the eligible grantee;\n\n(iii) Increased business investment in or near the eligible grantee; and\n\n(iv) Revitalization of rural and other distressed areas of the state.\n\n(3) A grant shall not be awarded to an eligible grantee if:\n\n(a) The eligible grantee does not provide a positive cost-benefit analysis of the redevelopment plan approved under the Community Development Law; or\n\n(b) The eligible grantee does not provide matching funds in the amount of at least twenty-five percent of the amount of the grant.\n\n(4) An eligible grantee shall not be awarded a grant of more than five million dollars for any single application.","path":["NE Code","Chapter 19"],"source_url":"https://nebraskalegislature.gov/laws/statutes.php?statute=19-5704","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:21Z","sha256":"ca78f8761ada6ead0dace7a4ec0792e9a7540f9e075ed8f32d4a44515a78f853","source_id":"us-ne","stale":false,"prev":"us-ne/neb.-rev.-stat.-19-5703","next":"us-ne/neb.-rev.-stat.-19-5705"},"notice":"GroundRules: Original legal text. Not legal advice."}