LD 1382 amends the state’s dam repair financing framework by changing the terms under which municipalities, quasi-municipal corporations, and districts may seek loans from the Dam Repair and Reconstruction Fund. The bill sets a maximum loan amount of $1,000,000 per application and requires the repayment period to fall between 5 and 30 years, with the additional limit that repayment cannot extend beyond the useful life of the project being financed.
The bill also authorizes the Department to require matching funds from an applicant as a condition of consideration for a loan. In addition, it gives the Department discretion to create a loan forgiveness program for loans issued under this section. Overall, the measure is aimed at making dam repair financing more structured while preserving administrative flexibility for the Department.
Impact
The bill would directly affect the statutory provisions governing the Dam Repair and Reconstruction Fund by adding a loan cap, defining repayment terms, and expanding the Department’s authority over loan conditions and forgiveness. It would primarily impact municipalities, quasi-municipal corporations, and districts that own or manage dams and seek state financing for repair or reconstruction projects, as well as the Department responsible for administering the fund.
Sentiment
Based on the bill text and the absence of recorded committee discussion or votes, the available sentiment appears neutral and practical rather than partisan. The measure seems designed as a technical financing adjustment to support dam infrastructure needs, with no documented opposition or support in the provided materials.
Contention
No specific points of contention are documented in the provided committee transcripts or voting history. Potential issues implied by the bill’s structure include the $1,000,000 loan cap, the Department’s ability to require matching funds, and the discretion to establish loan forgiveness, which could raise questions about access to funding, local fiscal burden, and administrative discretion. However, no stakeholder positions are recorded in the supplied materials.
Change provisions relating to admission to elementary and secondary schools, the Board of Trustees of the Nebraska State Colleges, the Nebraska Career Scholarship Act, the Coordinating Commission for Postsecondary Education Act, and the Door to College Scholarship Act and require a database of financial information regarding school districts and reporting regarding funding from foreign adversarial sources
An act to amend Section 129387 of, and to amend, repeal, and add Sections 129380, 129381, 129383, and Section 129384 of, the Health and Safety Code, relating to hospitals, and declaring the urgency thereof, to take effect immediately.