Chapter 81, STATE ADMINISTRATIVE DEPARTMENTS

2,166 sections in this chapter.

2,166 sectionsFiltered byCh 81

Neb. Rev. Stat. § 81-12,153 Terms, defined.
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For purposes of the Business Innovation Act: (1) Department means the Department of Economic Development; (2) Economic redevelopment area means an area in the State of Nebraska in which: (a) The average rate of unemployment in the area during the period covered by the most recent…
Neb. Rev. Stat. § 81-12,154 Purpose of act.
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The purpose of the Business Innovation Act is to encourage and support the transfer of Nebraska-based technology and innovation in rural and urban areas of Nebraska in order to create high growth, high technological companies, small businesses, and microenterprises and to enhance…
Neb. Rev. Stat. § 81-12,155 Qualified action plan; department; duties; contents.
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In selecting projects to receive financial assistance under the Business Innovation Act, the department shall develop a qualified action plan by January 1 of each even-numbered year. The plan shall set forth selection criteria to be used to determine priorities which are appropri…
Neb. Rev. Stat. § 81-12,156 Funding; preference.
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When selecting projects for funding under the Business Innovation Act, the department shall give a preference to projects located in whole or in part within an economic redevelopment area, an enterprise zone designated pursuant to the Enterprise Zone Act, or an opportunity zone d…
Neb. Rev. Stat. § 81-12,157 Planning grants; phase one application program; limitations.
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(1) The department shall establish a phase one application program to provide grants to small businesses that qualify under the federal grant program for the purposes of planning for an application under the federal grant program. If a small business receives funding under the fe…
Neb. Rev. Stat. § 81-12,158 Financial assistance program to create prototype of certain products; established; funds; match required; limitations.
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(1) The department shall establish a financial assistance program to provide financial assistance to businesses that employ no more than five hundred employees or to individuals for the purposes of creating a prototype of a product stemming from research and development at a busi…
Neb. Rev. Stat. § 81-12,159 Innovation in value-added agriculture program; established; purpose; eligibility; match required; limitation.
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(1) The department shall establish an innovation in value-added agriculture program. The purpose of this program is to provide financial assistance to: (a) Support small enterprise formation in the agricultural sector of Nebraska's rural economy, including innovative efforts for …
Neb. Rev. Stat. § 81-12,160 Financial assistance program to commercialize product or process; established; purpose; funds; match required; limitations; contract with venture development organization.
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(1) The department shall establish a financial assistance program to provide financial assistance to businesses operating in Nebraska that employ no more than five hundred employees or to individuals that have a prototype of a product or process for the purposes of commercializin…
Neb. Rev. Stat. § 81-12,161 Financial assistance program relating to college or university research and development; established; funds; match required; limitation.
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(1) The department shall establish a financial assistance program to provide financial assistance to businesses operating in Nebraska that use the faculty or facilities of a public or private college or university in Nebraska for applied research and development of new products o…
Neb. Rev. Stat. § 81-12,162 Small business investment program; established; award; criteria; considerations; funds; match required; department; contracts authorized; limitation.
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(1) The department shall establish a small business investment program. The program: (a) Shall provide grants to microloan delivery organizations, microloan technical assistance organizations, and innovation hubs to: (i) Better assure that Nebraska's microenterprises are able to …
Neb. Rev. Stat. § 81-12,163 Appropriations; legislative intent.
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(1) It is the intent of the Legislature to appropriate fifteen million dollars to the department for fiscal year 2027-28 and each fiscal year thereafter for purposes of carrying out the Business Innovation Act. (2) It is the intent of the Legislature that (a) the four million dol…
Neb. Rev. Stat. § 81-12,164 Rules and regulations.
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The department may adopt and promulgate rules and regulations to carry out the Business Innovation Act, including application procedures.
Neb. Rev. Stat. § 81-12,165 Department; contract authorized.
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The department may enter into a contract with a Nebraska-based nonprofit entity for the purposes of carrying out any or all of the provisions of the Business Innovation Act.
Neb. Rev. Stat. § 81-12,166 Report; contents; department; duties; analysis of programs; certain records confidential.
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(1) The department shall submit an annual report to the Governor and the Legislature on or before July 1 of each year which includes, but is not limited to, a description of the demand for financial assistance and programs under the Business Innovation Act from all geographic reg…
Neb. Rev. Stat. § 81-12,167 Business Innovation Cash Fund; created; use; investment.
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(1) The Business Innovation Cash Fund is created. The fund shall be used to carry out the Business Innovation Act, except that the fund shall not be used for purposes of sections 81-12,155.01 and 81-12,163.01. The fund shall consist of deposits to the fund as required by sections…
Neb. Rev. Stat. § 81-12,168 Act, how cited.
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Sections 81-12,168 to 81-12,194 shall be known and may be cited as the Nebraska Transformational Projects Act.
Neb. Rev. Stat. § 81-12,169 Definitions, where found.
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For purposes of the Nebraska Transformational Projects Act, the definitions found in sections 81-12,170 to 81-12,181 shall be used.
Neb. Rev. Stat. § 81-12,170 Applicant, defined.
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Applicant means a postsecondary institution having a college of medicine located in the State of Nebraska.
Neb. Rev. Stat. § 81-12,171 Continuation period, defined.
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Continuation period means the period of five years immediately following the end of the transformational period.
Neb. Rev. Stat. § 81-12,172 Date of application, defined.
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Date of application means the date that a completed application is filed under the Nebraska Transformational Projects Act.
Neb. Rev. Stat. § 81-12,173 Director, defined.
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Director means the Director of Economic Development.
Neb. Rev. Stat. § 81-12,174 Investment, defined.
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(1) Investment means: (a) Funding, including private dollars, public dollars, matching funding, and any other funding, used for: (i) Improvements to real property that are (A) owned by the applicant or will be owned by the applicant upon project completion, (B) located at the qua…
Neb. Rev. Stat. § 81-12,175 Matching funds, defined.
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Matching funds means the funds provided toward investment at a project by the State of Nebraska pursuant to section 81-12,185.
Neb. Rev. Stat. § 81-12,176 Private dollars, defined.
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(1) Private dollars means dollars invested in the project or donated to the applicant specifically for the project by any combination of one or more of the following: (a) An individual; (b) An organization that is exempt from income tax under section 501(c) of the Internal Revenu…
Neb. Rev. Stat. § 81-12,177 Project, defined.
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Project means an investment of at least one billion six hundred million dollars at one qualified location by the end of the transformational period for academic medical, research, education, and training purposes.
Neb. Rev. Stat. § 81-12,178 Qualified location, defined.
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Qualified location means any parcel of real property, or contiguous or adjacent parcels of real property, within the State of Nebraska that is or are owned by the applicant, and such other parcels that are necessary to support the applicant's project at such parcel or parcels. Th…
Neb. Rev. Stat. § 81-12,179 Related entity, defined.
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Related entity means any entity which is a subsidiary or affiliated entity of the applicant or which has, as one of its purposes for existence, the financial support of the applicant.
Neb. Rev. Stat. § 81-12,180 Transformational period, defined.
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Transformational period means the period of time from the date of the complete application through the earlier of (1) the end of the tenth year after the year in which the complete application was filed with the director or (2) the end of the year in which the applicant attains t…
Neb. Rev. Stat. § 81-12,181 Year, defined.
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Year means the fiscal year of the State of Nebraska.
Neb. Rev. Stat. § 81-12,182 Matching funds; eligibility; application; requirements; approval; deadlines.
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(1) In order to be eligible to receive the matching funds allowed in the Nebraska Transformational Projects Act, the applicant shall file an application with the director, on a form developed by the director, requesting an agreement. (2) The application shall: (a) Identify the pr…
Neb. Rev. Stat. § 81-12,183 Agreement; requirements; documentation of private funds.
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(1) Within ninety days after approval of the application, the director shall prepare and deliver a written agreement to the applicant for the applicant's signature. The applicant and the director, on behalf of the State of Nebraska, shall enter into such written agreement. Under …
Neb. Rev. Stat. § 81-12,184 Transactions or activities excluded.
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The following transactions or activities shall not create investment under the Nebraska Transformational Projects Act except as specifically allowed by this section: (1) The renegotiation of any private donor commitment in existence before the date of application and not original…
Neb. Rev. Stat. § 81-12,185 Matching funds; receipt; conditions; payment.
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(1) Subject to section 81-12,188, an applicant shall be entitled to receive matching funds from the State of Nebraska equal to fifteen percent of the total investment dollars expended on the project, up to fifty million dollars each year or as allowed in section 81-12,189, and no…
Neb. Rev. Stat. § 81-12,186 Matching funds; filing required; use; repayment; interest; director; powers and duties.
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(1) The right to matching funds prescribed in section 81-12,185 shall be established by filing the forms required by the director. The matching funds may only be used by the applicant to make investments for the project or to pay off debt financing for such investments. Matching …
Neb. Rev. Stat. § 81-12,187 Matching funds; repayment; required; when.
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(1) The project must receive an investment of one billion six hundred million dollars before the end of the transformational period. If the project investment fails to reach such threshold, all of the matching funds paid to the applicant under the Nebraska Transformational Projec…
Neb. Rev. Stat. § 81-12,188 Matching funds; receipt; conditions.
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The right to receive matching funds under the Nebraska Transformational Projects Act: (1) Shall be subject to the limitations provided in the act; (2) Shall be subject to funds being appropriated by the Legislature; and (3) Shall not be transferable.
Neb. Rev. Stat. § 81-12,189 Matching funds; payment; carry forward permitted, when.
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If the applicant cannot be paid in full in any given fiscal year, then the matching funds shall be paid in later years until fully funded. If, based upon total investment expended, the applicant is not entitled to receive the maximum of fifty million dollars in matching funds in …
Neb. Rev. Stat. § 81-12,190 Application; valid; when.
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Any complete application shall be considered a valid application on the date submitted for the purposes of the Nebraska Transformational Projects Act.
Neb. Rev. Stat. § 81-12,191 Report; joint hearing.
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(1) No later than October 1 following the approval of the application, and no later than October 1 of each year thereafter until the end of the transformational period, the director shall submit electronically an annual report for the previous fiscal year to the Legislature. The …
Neb. Rev. Stat. § 81-12,192 Rules and regulations.
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Except as otherwise provided in the Nebraska Transformational Projects Act, the director may adopt and promulgate all procedures and rules and regulations necessary to carry out the purposes of the act.
Neb. Rev. Stat. § 81-12,193 Nebraska Transformational Project Fund; created; use; investment.
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(1) The Nebraska Transformational Project Fund is hereby created. The fund shall receive money from application fees paid under the Nebraska Transformational Projects Act and from transfers authorized by the Legislature, grants, private contributions, repayments of matching funds…
Neb. Rev. Stat. § 81-12,194 Applicant; contracts authorized; powers.
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(1) In order to accomplish a project under the Nebraska Transformational Projects Act, an applicant may enter into contracts with any person, firm, or corporation providing for the implementation of any such project and providing for the long-term payment of the cost of such proj…
Neb. Rev. Stat. § 81-12,195 Act, how cited.
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Sections 81-12,195 to 81-12,218 shall be known and may be cited as the Nebraska Rural Projects Act.
Neb. Rev. Stat. § 81-12,196 Definitions, where found.
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For purposes of the Nebraska Rural Projects Act, the definitions found in sections 81-12,197 to 81-12,207 shall be used.
Neb. Rev. Stat. § 81-12,197 Applicant, defined.
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Applicant means a nonprofit economic development corporation.
Neb. Rev. Stat. § 81-12,198 Applicant resources, defined.
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Applicant resources means: (1) Dollars donated to the applicant specifically for the project by any combination of one or more of the following: (a) An individual; (b) An organization that is exempt from income tax under section 501(c) of the Internal Revenue Code; or (c) Any non…
Neb. Rev. Stat. § 81-12,199 Date of application, defined.
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Date of application means the date that a completed application is filed under the Nebraska Rural Projects Act.
Neb. Rev. Stat. § 81-12,200 Director, defined.
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Director means the Director of Economic Development.
Neb. Rev. Stat. § 81-12,200.01 Inland port authority, defined.
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Inland port authority has the same meaning as in section 13-3303.
Neb. Rev. Stat. § 81-12,201 Investment, defined.
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Investment means the amount paid by the applicant for the project and includes any funding and other resources directed toward the project by a city, a county, an inland port authority, or a public utility. The term also includes any applicant resources received by the applicant …