# Nebraska LB1205: Require the Department of Economic Development to award grants under the Business Innovation Act Nebraska LB1205, Require the Department of Economic Development to award grants under the Business Innovation Act, is a 109th Legislature 1st and 2nd Sessions legislature bill sponsored by Stan Clouse; status signed, last action 2026-04-14 (Approved by Governor on April 14, 2026) (as of 2026-10-19). - Canonical: https://policyrisk.com/state-bill/NE-LB1205-109 - As of: 2026-10-19 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Nebraska LB1205 - State: Nebraska - Session: 109th Legislature 1st and 2nd Sessions - Title: Require the Department of Economic Development to award grants under the Business Innovation Act - Status: signed - Chamber: legislature - Introduced: 2026-01-21 - Last action: 2026-04-14, Approved by Governor on April 14, 2026 - Sponsor: Stan Clouse - Cosponsors: 0 - Subjects: Banking, Commerce and Insurance Committee - Touches household money: no - Roll calls: 4 (155 yes, 0 no in all) - Economic provisions PRIA read: 3 ## Summary No summary available. ## Bill overview: provisions PRIA read - New statewide microlending support for small businesses: benefit, medium. The law creates a statewide microlending support program at the Department of Economic Development. The department gives grants to microloan delivery groups, technical assistance groups, and innovation hubs, and aims to spread awards fairly across Nebraska. Money can match other grants, start revol… - Grant match and admin cost limits: cost, low. Grant recipients must provide nonstate matching funds equal to 35% of the requested amount. Matches can be cash or in‑kind from private, federal, local, bank, or other non‑legislative sources. Organizations may use no more than 20% of each award for operating costs. These rules push more money towa… - Microloans up to $150K and more help: mixed, medium. Microloans made with program funds cannot exceed $150,000 per loan. At least 50% of microloan funds must go to small business technical help, like training and advising. This pairs a firm loan cap with more hands‑on support for borrowers. ## Sponsors and cosponsors - Sponsor: Stan Clouse, Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2026-04-09 | legislature | Final Reading | pass | 49 | 0 | | | 2026-03-12 | legislature | Vote | fail | 34 | 0 | 15 | | 2026-03-04 | legislature | Vote | fail | 38 | 0 | 11 | | | legislature | Vote | fail | 34 | 0 | 15 | ## Actions (21) - 2026-04-14: Approved by Governor on April 14, 2026 (legislature) - 2026-04-09: Presented to Governor on April 9, 2026 (legislature) - 2026-04-09: President/Speaker signed (legislature) - 2026-04-09: Passed on Final Reading 49-0-0 (legislature) - 2026-03-17: Enrollment and Review ST66 recorded (legislature) - 2026-03-17: Enrollment and Review ST66 filed (legislature) - 2026-03-17: Placed on Final Reading with ST66 (legislature) - 2026-03-12: Conrad name added (legislature) - 2026-03-12: Advanced to Enrollment and Review for Engrossment (legislature) - 2026-03-12: Clouse AM2630 adopted (legislature) - 2026-03-12: Clouse AM2630 filed (legislature) - 2026-03-12: Kauth FA865 withdrawn (legislature) - 2026-03-10: Placed on Select File (legislature) - 2026-03-09: Andersen name added (legislature) - 2026-03-04: Advanced to Enrollment and Review Initial (legislature) - 2026-02-20: Speaker priority bill (legislature) - 2026-02-17: Placed on General File (legislature) - 2026-01-23: Notice of hearing for February 10, 2026 (legislature) - 2026-01-23: Referred to Banking, Commerce and Insurance Committee (legislature) - 2026-01-22: Kauth FA865 filed (legislature) - 2026-01-21: Date of introduction (legislature) ## Bill text - Introduced, 2026-01-21: [PDF](https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB1205.pdf) - Enrolled / Slip Law: [PDF](https://nebraskalegislature.gov/FloorDocs/109/PDF/Slip/LB1205.pdf) - Final / Enacted: [PDF](https://nebraskalegislature.gov/FloorDocs/109/PDF/Final/LB1205.pdf) ## Related bills - LB468: Change provisions relating to inheritance taxes, change certain fee and tax provisions, and eliminate a sales tax exemption relating to data centers (failed) - LB13: Require the Department of Health and Human Services to file a state plan amendment relating to child care (failed) - LB677: Change provisions of the Nebraska Medical Cannabis Regulation Act and provide for regulation of medical cannabis (failed) - LB646: Provide an exemption from brand inspections and change fees under the Livestock Brand Act (failed) - LB170: Eliminate the sales tax exemptions for candy and soft drinks (failed) - LB714: Change provisions relating to motor vehicle taxes and fees (failed) ## Sources - [Introduced (PDF)](https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB1205.pdf) - [Enrolled / Slip Law (PDF)](https://nebraskalegislature.gov/FloorDocs/109/PDF/Slip/LB1205.pdf) - [Final / Enacted (PDF)](https://nebraskalegislature.gov/FloorDocs/109/PDF/Final/LB1205.pdf) ## Related - [LB468: Change provisions relating to inheritance taxes, change certain fee and tax pro…](https://policyrisk.com/state-bill/NE-LB468-109) - [LB13: Require the Department of Health and Human Services to file a state plan amendm…](https://policyrisk.com/state-bill/NE-LB13-109) - [LB677: Change provisions of the Nebraska Medical Cannabis Regulation Act and provide f…](https://policyrisk.com/state-bill/NE-LB677-109) - [LB646: Provide an exemption from brand inspections and change fees under the Livestock…](https://policyrisk.com/state-bill/NE-LB646-109) - [LB170: Eliminate the sales tax exemptions for candy and soft drinks](https://policyrisk.com/state-bill/NE-LB170-109) - [LB714: Change provisions relating to motor vehicle taxes and fees](https://policyrisk.com/state-bill/NE-LB714-109) - [Nebraska bills](https://policyrisk.com/states/nebraska/bills) - [Nebraska state hub](https://policyrisk.com/states/nebraska) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/NE-LB1205-109 (as of 2026-10-19).