reglab/housing_qa huggingface dataset:
NE Code § 81-12,129 (2021)
2021 Nebraska Revised Statutes|Chapter 81 - State Administrative Departments|81-12,129 - Act, how cited.

81-12,129.  Act, how cited.Sections 81-12,129 to 81-12,135 shall be known and may be cited as the Nebraska Operational Assistance Act.Source Laws 2007, LB425, § 1.
NE Code § 81-12,130 (2021)
2021 Nebraska Revised Statutes|Chapter 81 - State Administrative Departments|81-12,130 - Legislative findings.

81-12,130.  Legislative findings.The Legislature finds and declares that:(1) Insufficient venture capital resources exist within the State of Nebraska to meet substantial portions of the equity needs of new and high-growth business enterprises;(2) Nebraska is a net exporter of venture capital;(3) The venture capital needs of Nebraska business enterprises are not currently being met due to the lack of operational readiness and expertise among new and high-growth business enterprises;(4) The best and primary role the State of Nebraska can play is creating an effective operational assistance program to assist Nebraska businesses in becoming venture-ready to effectively attract and retain capital in this state in partnership with the private sector;(5) Entrepreneurs and high-growth business enterprises need technical assistance in understanding equity markets and how to position themselves to receive equity funding; and(6) Creation of an operational assistance program must be flexible and market driven.Source Laws 2007, LB425, § 2.
NE Code § 81-12,131 (2021)
2021 Nebraska Revised Statutes|Chapter 81 - State Administrative Departments|81-12,131 - Terms, defined.

81-12,131.  Terms, defined.For purposes of the Nebraska Operational Assistance Act, unless the context otherwise requires:(1) Business enterprise means an individual, corporation, partnership, limited liability company, or joint-stock company with its principal place of business in Nebraska or potentially in Nebraska;(2) Program means the Nebraska Operational Assistance Program; and(3) Venture capital means equity financing provided by investors to business enterprises that have the potential for high growth and in which the risk for loss and the potential for profit may be considerable.Source Laws 2007, LB425, § 3.
NE Code § 81-12,132 (2021)
2021 Nebraska Revised Statutes|Chapter 81 - State Administrative Departments|81-12,132 - Purpose of act.

81-12,132.  Purpose of act.The purpose of the Nebraska Operational Assistance Act is to create a program to assist business enterprises in Nebraska in achieving the thresholds necessary for private equity investments.Source Laws 2007, LB425, § 4.
NE Code § 81-12,133 (2021)
2021 Nebraska Revised Statutes|Chapter 81 - State Administrative Departments|81-12,133 - Nebraska Operational Assistance Program; established; department select organization to carry out act; considerations.

81-12,133.  Nebraska Operational Assistance Program; established; department select organization to carry out act; considerations.(1) The Department of Economic Development shall establish the Nebraska Operational Assistance Program.(2) The program shall assist potential high-growth businesses in establishing a foundation sufficient for the attraction of private equity including, but not limited to, market analysis, executive recruitment, sales and marketing, financial planning, business structure, and intellectual property development. The program may also include, but need not be limited to:(a) Cooperation with other service entities in facilitating effectiveness of the program including, but not limited to, financial institutions, attorneys, accountants, investment banking firms, established venture capital funds, institutions of higher education, local and regional development organizations, business development centers, business incubators, and utilities;(b) A statewide system for facilitating venture capital investing with its primary emphasis upon assisting those business enterprises generally seeking up to one million dollars in new equity financing;(c) Identification and provision of information to investors about investment opportunities in Nebraska business enterprises;(d) Identification and provision of information to entrepreneurs and high-growth business enterprises about investors seeking investment opportunities;(e) Service as a clearinghouse and access point for information about venture capital investment opportunities in Nebraska;(f) Service as the central organization and means of delivering appropriate education and training programs for potential investors in business enterprises;(g) Facilitation of the formation of private venture capital funds; and(h) Assistance in the formation of intrastate or industry-specific venture capital networks.(3)(a) The department shall select a single private, nonprofit organization for the purpose of carrying out the functions of the Nebraska Operational Assistance Act which is either:(i) Incorporated in the State of Nebraska and exempt for federal tax purposes under section 501(c)(3) of the Internal Revenue Code, as such section existed on January 1, 2007; or(ii) A Nebraska corporation or Nebraska organization that is exempt from federal taxation under section 501(c)(6) of the Internal Revenue Code, as such section existed on January 1, 2007.(b) The department, in selecting an organization pursuant to subdivision (a) of this subsection, shall consider, among other factors, the organization's ability to deliver a statewide program and the organization's ability to provide the matching funds described in section 81-12,134.Source Laws 2007, LB425, § 5.
NE Code § 81-12,134 (2021)
2021 Nebraska Revised Statutes|Chapter 81 - State Administrative Departments|81-12,134 - Appropriation of funds; grant; funding; matching funds.

81-12,134.  Appropriation of funds; grant; funding; matching funds.The Legislature shall appropriate funds to the Department of Economic Development which shall be awarded as a grant to the private, nonprofit organization selected pursuant to subsection (3) of section 81-12,133 to carry out the purposes of the Nebraska Operational Assistance Act. The department may receive funds from local or federal government, private foundations, or other sources. The private, nonprofit organization shall provide matching funds of at least one-third of all funds appropriated for the Nebraska Operational Assistance Program. The private, nonprofit organization may provide any part of the matching funds as an in-kind contribution.Source Laws 2007, LB425, § 6.
NE Code § 81-12,135 (2021)
2021 Nebraska Revised Statutes|Chapter 81 - State Administrative Departments|81-12,135 - Information regarding activities; department; report.

81-12,135.  Information regarding activities; department; report.The Department of Economic Development shall submit information regarding its activities under the Nebraska Operational Assistance Act as part of the department's annual status report under section 81-1201.11.Source  Laws 2007, LB425, § 7;  Laws 2011, LB404, § 8.
NE Code § 81-12,144 (2021)
2021 Nebraska Revised Statutes|Chapter 81 - State Administrative Departments|81-12,144 - Act, how cited.

81-12,144.  Act, how cited.Sections 81-12,144 to 81-12,151 shall be known and may be cited as the Site and Building Development Act.Source Laws 2011, LB388, § 1.
NE Code § 81-12,145 (2021)
2021 Nebraska Revised Statutes|Chapter 81 - State Administrative Departments|81-12,145 - Legislative findings.

81-12,145.  Legislative findings.The Legislature finds that current economic conditions, lack of available industrial sites and buildings, and declining resources at all levels of government adversely affect the ability of Nebraska's cities and villages to obtain viable industrial sites on which to build businesses, obtain buildings, and create jobs. Lack of industrial sites and buildings also affects the ability of communities to maintain and develop stable and growth-prone economies.Furthermore, the Legislature finds that Nebraska is at a competitive disadvantage for business development relative to other states in the nation due to a lack of appropriately sized industrial sites and buildings available for business relocations to Nebraska and expansions. The future of investment and jobs in Nebraska will suffer should the state continue to ignore this challenge.To enhance the economic development of the state and to provide for the general prosperity of all of Nebraska's citizens, it is in the public interest to assist in the provision of industrial-ready sites and buildings in all areas of the state. The establishment of the Site and Building Development Fund will assist in creating conditions favorable to meeting the industrial readiness of the state.Source Laws 2011, LB388, § 2.
NE Code § 81-12,146 (2021)
2021 Nebraska Revised Statutes|Chapter 81 - State Administrative Departments|81-12,146 - Site and Building Development Fund; created; funding; use; investment.

81-12,146.  Site and Building Development Fund; created; funding; use; investment.(1) The Site and Building Development Fund is created. The fund shall receive money pursuant to section 76-903 and may include revenue from transfers by the Legislature, grants, private contributions, repayment of loans, and all other sources. The Department of Economic Development, as part of its comprehensive business development strategy, shall administer the fund. Any money in the fund available for investment shall be invested by the state investment officer pursuant to the Nebraska Capital Expansion Act and the Nebraska State Funds Investment Act.(2) It is the intent of the Legislature to transfer five million dollars from the General Fund to the Site and Building Development Fund for fiscal year 2022-23 and five million dollars from the General Fund to the Site and Building Development Fund for fiscal year 2023-24. Such money shall be placed in a subaccount of the Site and Building Development Fund and earmarked for use to fund large shovel-ready commercial and industrial sites developed under the Municipal Inland Port Authority Act.Source  Laws 2011, LB388, § 3;  Laws 2015, LB457, § 3;  Laws 2021, LB156, § 14.   Effective Date: August 28, 2021  Cross References   Municipal Inland Port Authority Act, see section 13-3301.  Nebraska Capital Expansion Act, see section 72-1269.  Nebraska State Funds Investment Act, see section 72-1260.
NE Code § 81-12,147 (2021)
2021 Nebraska Revised Statutes|Chapter 81 - State Administrative Departments|81-12,147 - Site and Building Development Fund; use; eligible activities.

81-12,147.  Site and Building Development Fund; use; eligible activities.(1) Except as provided in subsection (2) of this section, the Department of Economic Development shall use the Site and Building Development Fund to finance loans, grants, subsidies, credit enhancements, and other financial assistance for industrial site and building development and for expenses of the department as appropriated by the Legislature for administering the fund. The following activities are eligible for assistance from the fund:(a) Grants or zero-interest loans to villages, cities, or counties to acquire land, infuse infrastructure, or otherwise make large sites and buildings ready for industrial development;(b) Matching funds for new construction, rehabilitation, or acquisition of land and buildings to assist villages, cities, and counties;(c) Technical assistance, design and finance services, and consultation for villages, cities, and counties for the preparation and creation of industrial-ready sites and buildings;(d) Loan guarantees for eligible projects;(e) Projects making industrial-ready sites and buildings more accessible to business and industry;(f) Infrastructure projects necessary for the development of industrial-ready sites and buildings;(g) Projects that mitigate the economic impact of a closure or downsizing of a private-sector entity by making necessary improvements to buildings and infrastructure; and(h) Public and private sector initiatives that will improve the military value of military installations by making necessary improvements to buildings and infrastructure.(2) The Department of Economic Development shall use the subaccount of the Site and Building Development Fund described in subsection (2) of section 81-12,146 to provide financial assistance to any inland port authority created under the Municipal Inland Port Authority Act to help finance large shovel-ready commercial and industrial sites developed under such act.Source  Laws 2011, LB388, § 4;  Laws 2015, LB457, § 4;  Laws 2018, LB96, § 1;  Laws 2021, LB156, § 15.   Effective Date: August 28, 2021  Cross References  Municipal Inland Port Authority Act, see section 13-3301.
NE Code § 81-12,148 (2021)
2021 Nebraska Revised Statutes|Chapter 81 - State Administrative Departments|81-12,148 - Entities eligible to receive assistance; matching funds; applicability of section.

81-12,148.  Entities eligible to receive assistance; matching funds; applicability of section.(1) Governmental subdivisions and Nebraska nonprofit organizations are eligible to receive assistance under the Site and Building Development Act. Any entity receiving assistance under the act shall provide, or cause to be provided, matching funds for the eligible activity in an amount determined by the Department of Economic Development, which amount shall be at least equal to one hundred percent of the amount of assistance provided by the Site and Building Development Fund. Nothing in the act shall be construed to allow individuals or businesses to receive direct loans from the fund.(2) This section does not apply to any inland port authority receiving assistance under subsection (2) of section 81-12,147.Source  Laws 2011, LB388, § 5;  Laws 2021, LB156, § 16.   Effective Date: August 28, 2021
NE Code § 81-12,149 (2021)
2021 Nebraska Revised Statutes|Chapter 81 - State Administrative Departments|81-12,149 - Department; allocate funds; qualified action plan; contents; powers of department; applicability of section.

81-12,149.  Department; allocate funds; qualified action plan; contents; powers of department; applicability of section.(1) During each calendar year in which funds are available from the Site and Building Development Fund for use by the Department of Economic Development, the department shall allocate a specific amount of funds, not less than forty percent, to nonmetropolitan areas. For purposes of this section, nonmetropolitan areas means counties with fewer than one hundred thousand inhabitants according to the most recent federal decennial census. In selecting projects to receive fund assistance, the department shall develop a qualified action plan by January 1 of each even-numbered year. The plan shall give first priority to financially viable projects that have an agreement with a business that will locate a site within ninety days of the signed agreement and to financially viable projects located in whole or in part within an enterprise zone designated pursuant to the Enterprise Zone Act or an opportunity zone designated pursuant to the federal Tax Cuts and Jobs Act, Public Law 115-97. The plan shall set forth selection criteria to be used to determine priorities of the fund which are appropriate to local conditions, including the community's immediate need for site and building development, proposed increases in jobs and investment, private dollars leveraged, level of local government support and participation, and repayment, in part or in whole, of financial assistance awarded by the fund. The Director of Economic Development shall submit the plan to the Governor for approval.(2) The department shall fund in order of priority as many applications as will utilize available funds less actual administrative costs of the department in administering the program. In administering the program the department may contract for services or directly provide funds to other governmental entities or instrumentalities.(3) This section does not apply to any inland port authority receiving assistance under subsection (2) of section 81-12,147.Source  Laws 2011, LB388, § 6;  Laws 2013, LB78, § 14;  Laws 2014, LB800, § 7;  Laws 2019, LB87, § 3;  Laws 2021, LB156, § 17.   Effective Date: August 28, 2021  Cross References  Enterprise Zone Act, see section 13-2101.01.
NE Code § 81-12,150 (2021)
2021 Nebraska Revised Statutes|Chapter 81 - State Administrative Departments|81-12,150 - Rules and regulations.

81-12,150.  Rules and regulations.The Department of Economic Development may adopt and promulgate rules and regulations to carry out the Site and Building Development Act, including rules and regulations relating to reviewing inland port authority proposals pursuant to section 13-3304 and providing financial assistance to any inland port authority created under the Municipal Inland Port Authority Act.Source  Laws 2011, LB388, § 7;  Laws 2013, LB78, § 15;  Laws 2021, LB156, § 18.   Effective Date: August 28, 2021  Cross References  Municipal Inland Port Authority Act, see section 13-3301.
NE Code § 81-12,151 (2021)
2021 Nebraska Revised Statutes|Chapter 81 - State Administrative Departments|81-12,151 - Annual report.

81-12,151.  Annual report.The Department of Economic Development shall submit electronically an annual report regarding the Site and Building Development Act to the Legislature no later than July 1 of each year beginning July 1, 2012. The report shall contain no information that is protected by state or federal confidentiality laws.Source  Laws 2011, LB388, § 8;  Laws 2012, LB782, § 195.
NE Code § 81-12,152 (2021)
2021 Nebraska Revised Statutes|Chapter 81 - State Administrative Departments|81-12,152 - Act, how cited.

81-12,152.  Act, how cited.Sections 81-12,152 to 81-12,166 shall be known and may be cited as the Business Innovation Act.Source  Laws 2011, LB387, § 1;  Laws 2017, LB641, § 3;  Laws 2019, LB334, § 8.
NE Code § 81-12,153 (2021)
2021 Nebraska Revised Statutes|Chapter 81 - State Administrative Departments|81-12,153 - Terms, defined.

81-12,153.  Terms, defined.For purposes of the Business Innovation Act:(1) Department means the Department of Economic Development;(2) Federal grant program means the federal Small Business Administration's Small Business Innovation Research grant program or Small Business Technology Transfer grant program;(3) Microenterprise means a for-profit business entity with not more than ten full-time equivalent employees;(4) Prototype means an original model on which something is patterned by a resident of Nebraska or a company located in Nebraska; and(5) Value-added agriculture means increasing the net worth of food or nonfood agricultural products by processing, alternative production and handling methods, collective marketing, or other innovative practices.Source  Laws 2011, LB387, § 2;  Laws 2015, LB449, § 1;  Laws 2017, LB217, § 34.
NE Code § 81-12,154 (2021)
2021 Nebraska Revised Statutes|Chapter 81 - State Administrative Departments|81-12,154 - Purpose of act.

81-12,154.  Purpose of act.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 creation of wealth and quality jobs. The Legislature finds that the act will:(1) Provide technical assistance planning grants pursuant to section 81-12,157 to facilitate phase one applications for the federal grant program;(2) Provide financial assistance pursuant to section 81-12,157 to companies receiving phase one and phase two grants pursuant to the federal grant program;(3) Provide financial assistance pursuant to section 81-12,158 to companies or individuals creating prototypes;(4) Establish a financial assistance program pursuant to section 81-12,159 for innovation in value-added agriculture;(5) Establish a financial assistance program for innovation in biosciences;(6) Establish a financial assistance program pursuant to section 81-12,160 to identify commercial products and processes;(7) Provide financial assistance pursuant to section 81-12,161 to companies using Nebraska public or private college and university researchers and facilities for applied research projects;(8) Provide support and funding pursuant to section 81-12,162 for microlending and microenterprise entities; and(9) Provide support for locally owned and operated Nebraska-based, high growth businesses by providing technical resources to foster development, growth, and high wage creation. For purposes of this subdivision, Nebraska-based, high growth business means a corporation, partnership, limited liability company, limited partnership, or limited liability partnership registered with the Secretary of State that has two to fifty employees and has annual sales of no less than five hundred thousand dollars and no more than two million five hundred thousand dollars.Source  Laws 2011, LB387, § 3;  Laws 2014, LB1114, § 2;  Laws 2017, LB641, § 4.
NE Code § 81-12,155 (2021)
2021 Nebraska Revised Statutes|Chapter 81 - State Administrative Departments|81-12,155 - Qualified action plan; department; duties; contents.

81-12,155.  Qualified action plan; department; duties; contents.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 appropriate to local conditions and the state's economy, including the state's immediate need for innovation development, proposed increases in jobs and investment, private dollars leveraged, industry support and participation, and repayment, in part or in whole, of financial assistance awarded under the act. The department shall submit the plan to the Governor for approval.Source  Laws 2011, LB387, § 4;  Laws 2013, LB78, § 16.
NE Code § 81-12,155.01 (2021)
2021 Nebraska Revised Statutes|Chapter 81 - State Administrative Departments|81-12,155.01 - Bioscience Innovation Program; provide financial assistance.

81-12,155.01.  Bioscience Innovation Program; provide financial assistance.(1) The department shall establish a Bioscience Innovation Program under the Business Innovation Act. The purpose of this program is to provide financial assistance to:(a) Support small enterprise formation in the bioscience sector of Nebraska's rural and urban economies;(b) Support the development of bioscience communities and economic opportunity through innovation in biofuels, biosensors, and biotechnology as it relates to animals, equipment, humans, industry, research, medical and health information, medical and health products, medical and health services, medical diagnostics, medical therapeutics, and pharmaceuticals;(c) Enhance the creation of high-wage bioscience jobs to employ graduates of postsecondary educational institutions in Nebraska and to attract graduate students from other states;(d) Encourage the development of new technologies in the bioscience sector and the creation of new startup businesses focused on bioscience;(e) Leverage the state’s agricultural sector to support the development of emerging bioscience technologies impacting livestock operations and crop production; and(f) Leverage the bioscience research and development conducted at postsecondary educational institutions in Nebraska to create private-sector bioscience enterprises.(2) Private bioscience businesses and enterprises operating in Nebraska shall be eligible for financial assistance as described in sections 81-12,157, 81-12,158, 81-12,160, and 81-12,161. A bioscience business or enterprise receiving financial assistance pursuant to any of such sections shall provide a match of one hundred percent for such assistance.(3) The program shall terminate when the fund created under section 81-12,163.01 terminates.Source Laws 2017, LB641, § 2.