Nebraska Revised Statutes
Chapter 58 - Money and Financing
58-504 - Designated blighted and substandard area; application; hearing; approval.

58-504. Designated blighted and substandard area; application; hearing; approval.
(1) Any city or joint entity may apply to the state to designate an area as a designated blighted and substandard area under the Nebraska Redevelopment Act. Such area may extend up to ten miles outside of the area of operation of an applying city of the metropolitan or primary class or joint entity, up to six miles outside of the area of operation of an applying city of the first class or joint entity, and up to three miles outside of the area of operation of an applying city of the second class or village or joint entity.
(2) To apply for such designation, such city or joint entity shall file an area application with the board. The area application shall contain:
(a) The proposed area to be designated as the designated blighted and substandard area;
(b) A description of the characteristics of such area that cause it to be a blighted and substandard area under the act;
(c) A statement that such city or joint entity intends that such area be designated by the board as a designated blighted and substandard area in order to allow for potential redevelopment projects under the act;
(d) The application to the state must have a description of the specific project for which a designation has been requested. No other project can be initiated, if such designation is approved, without again making application to the board; and
(e) Such other information as the board determines is necessary to decide whether the area is a blighted and substandard area under the act.
(3) The city or joint entity filing such area application shall at the same time of filing such application also provide notice of such filing and a copy of such area application to any governing body of the other public bodies whose area of operation is covered in whole or in part by the proposed designated blighted and substandard area and to any school district which has territory within twenty miles of the border of the proposed designated blighted and substandard area.
(4) Upon receipt of an area application, the board shall schedule a public hearing to be held within fifteen days after such receipt to receive public input. The board shall publish notice of the public hearing for five business days in advance of the hearing in some legal newspaper of general circulation near the proposed designated area. The notice shall list the name of the city or joint entity that filed the application and the legal or other sufficient description of the area and shall state that the area is proposed to be designated as a blighted and substandard area under the Nebraska Redevelopment Act.
(5) The board shall determine by majority vote no sooner than fifteen days but no later than sixty days after the date of filing of the area application whether to approve or disapprove the area application's request for designation of such area. Within ten days after receipt of such area application, any other governing body of any public body whose area of operation is included in whole or in part in the proposed designated blighted and substandard area and any school district which has territory within twenty miles of the border of the proposed designated blighted and substandard area may file a written objection with the board which the board shall consider in its decision as to whether or not it approves the application.
(6) The address of the board shall be the address of the Department of Revenue.
(7) The board may approve the area application if the proposed designated blighted and substandard area fits within the definition of such an area under the act and if such area application is in the public interest. Such designation shall not affect whether such area is considered blighted or substandard under any law other than the act. Such designation shall if approved remain in effect for project applications filed within twelve months after the date of designation if at the time of any project application being submitted, the project area continues to fit within the definition of blighted and substandard relied on in making the original designation.
(8) The board may modify or return the area application or approve a smaller blighted and substandard area that is contained within the area proposed in the area application without additional notice or publication if in the public interest and if such smaller area is within the definition of a blighted and substandard area under the act.
(9) If the board approves such area application, then, for purposes of Article VIII, section 12, of the Constitution of Nebraska, as applied in the act, the designated blighted and substandard area is considered as determined by law to be a designated blighted and substandard area and the property within such area is considered to be determined by law to be substandard and blighted property.
(10) The area application and all supporting information shall be considered public information.
Source

Structure Nebraska Revised Statutes

Nebraska Revised Statutes

Chapter 58 - Money and Financing

58-101 - Money; denominations; public payments.

58-102 - Money; demand expressed in another denomination; effect.

58-201 - Act, how cited.

58-202 - Cost and availability of financing; legislative findings and declarations.

58-203 - Authority; purpose for creation.

58-204 - Finance and development entities; legislative findings.

58-205 - Consolidation of various finance and development entities; legislative findings.

58-206 - Assistance and expertise; provided by single finance and development entity; legislative findings.

58-207 - Definitions, where found.

58-207.01 - Abatement, defined.

58-207.02 - Accessibility barrier, defined.

58-207.03 - Accessibility barrier elimination, defined.

58-208 - Agriculture or agricultural enterprise, defined.

58-209 - Authority, defined.

58-209.01 - Blighted area, defined.

58-210 - Bond, defined.

58-210.01 - Environmental hazard, defined.

58-210.02 - Economic-impact project, defined.

58-211 - Financing agreement, defined.

58-211.01 - First-time homebuyer, defined.

58-212 - Hospital or nursing home, defined.

58-213 - Insurer, defined.

58-214 - Lender, defined.

58-215 - Loan, defined.

58-216 - Low-income or moderate-income person, defined.

58-216.01 - Microenterprise, defined.

58-217 - Mortgage, defined.

58-218 - Mortgage loan, defined.

58-219 - Project, defined.

58-219.01 - Public agency, defined.

58-220 - Rental housing, defined.

58-221 - Residential energy conservation device, defined.

58-222 - Residential housing, defined.

58-223 - Residential energy conservation loan program, defined.

58-223.01 - School, defined.

58-224 - State, defined.

58-225 - Utility, defined.

58-226 - Nebraska Investment Finance Authority; created; members; qualifications.

58-227 - Authority; public members; terms; vacancies; removal.

58-228 - Authority; chairperson; officers; expenses.

58-229 - Authority; quorum; vacancy; effect.

58-230 - Meetings; when held; virtual conferencing authorized.

58-231 - Executive director; powers and duties.

58-232 - Executive director; meetings; records; duties.

58-234 - Authority; personnel.

58-235 - Authority; member or employee; conflict of interest; disclosure.

58-236 - Officer or employee of state; membership on or service to authority; how treated.

58-237 - Authority; members; executive director; surety bond.

58-238 - Authority; members; liability.

58-239 - Authority; powers; enumerated.

58-239.01 - Authority; microenterprises; powers and duties.

58-239.02 - Authority; wastewater treatment and safe drinking water projects; powers and duties.

58-239.03 - Authority; public safety communication projects; powers.

58-239.04 - Authority; economic-impact projects; powers and duties.

58-240 - Authority; duties; enumerated.

58-241 - Authority; coordinate activities with state.

58-242 - Authority; agricultural projects; duties.

58-243 - Authority; agricultural projects; powers.

58-244 - Authority; agricultural projects; adopt rules and regulations.

58-245 - Agricultural projects; loan; reports required; contents.

58-246 - Agricultural projects; loan reports; public information; borrower's name omitted.

58-247 - Authority; housing projects; powers.

58-248 - Authority; housing projects; adopt rules and regulations.

58-249 - Authority; low-income housing loans; establish funds.

58-250 - Authority; development projects; adopt rules and regulations.

58-251 - Authority; development project; make specific findings.

58-252 - Authority; borrow money and issue bonds; purposes.

58-253 - Authority; issue bonds to renew, pay, or refund bonds.

58-254 - Authority; bond issuance; general obligation; how paid and secured.

58-255 - Authority; bond issuance; state; no obligation; statement.

58-256 - Bond resolution; contents; sale; manner; declaratory judgment.

58-257 - Bond resolution; provisions enumerated.

58-258 - Authority; pledge; effect; lien; recording; not required.

58-259 - Authority; purchase bonds of authority; canceled; price.

58-260 - Bonds; secured by trust indenture; contents; expenses; how treated.

58-261 - Bonds; negotiable instruments.

58-262 - Bonds; signatures of prior members or officers; validity.

58-263 - Authority; establish funds.

58-264 - Authority; money; deposits; secured; expenditures.

58-265 - Authority; bondholders; contract; purposes; money; how secured.

58-266 - Bondholders; pledge; agreement of the state.

58-267 - Authority; expenses; how paid; liability of state or political subdivision; prohibited.

58-268 - Authority; property; public; exempt from taxation; when; dissolution; assets; how distributed.

58-269 - Bonds; legal investments; for whom; considered securities.

58-270 - Authority; reports; contents; audit; issuance of bonds; notices.

58-271 - Act, how construed.

58-272 - Authority; successor to certain entities; transfer of property, funds, and obligations to authority; actions by predecessor entities; how treated.

58-501 - Act, how cited.

58-502 - Legislative findings.

58-503 - Terms, defined.

58-504 - Designated blighted and substandard area; application; hearing; approval.

58-505 - Redevelopment project; application; hearing; approval.

58-506 - Act; how construed.

58-507 - Property taxes; how divided.

58-508 - Redevelopment project valuation; county assessor; duties.

58-509 - Property taxes; how treated.

58-510 - Pledge of taxes; authorized.

58-511 - Penal bond; required.

58-512 - Powers supplemental; act, how construed.

58-513 - Contracting public body; powers.

58-514 - Bonds; issuance.

58-515 - Bonds; liability; how paid; notes.

58-516 - Bonds; how issued.

58-517 - Bonds; how sold.

58-518 - Bonds; signatures; negotiability.

58-519 - Bonds; presumption of validity.

58-520 - Bonds; leases; contracting public body; powers.

58-521 - Default; contracting public body; powers.

58-522 - Obligee; rights.

58-523 - Bonds; authorized investment.

58-524 - Bond validation proceeding; appeal.

58-525 - Bonds or certificates; validation.

58-526 - Public body or taxing body; supplemental powers.

58-527 - Sale, conveyance, lease, or agreement; how made.

58-528 - Contracting public body; estimate of expenses; appropriations; bonds authorized.

58-529 - School districts; additional expenses; appropriations.

58-530 - Presumption of compliance.

58-531 - Act; how construed.

58-532 - Act; when operative.

58-533 - Filing of applications; limitation.

58-610 - Act, how cited.

58-611 - Definitions.

58-612 - Standard of conduct in managing and investing institutional fund.

58-613 - Appropriation for expenditure or accumulation of endowment fund; rules of construction.

58-614 - Delegation of management and investment functions.

58-615 - Release or modification of restrictions on management, investment, or purpose.

58-616 - Reviewing compliance.

58-617 - Application to existing institutional funds.

58-618 - Relation to Electronic Signatures in Global and National Commerce Act.

58-619 - Uniformity of application and construction.

58-701 - Act, how cited.

58-702 - Legislative findings.

58-703 - Affordable Housing Trust Fund; created; use.

58-704 - Housing advisory committee; created; members; duties; meetings.

58-705 - Department of Economic Development; Affordable Housing Trust Fund; duties.

58-706 - Affordable Housing Trust Fund; eligible activities.

58-707 - Assistance; qualified recipients.

58-708 - Department of Economic Development; selection of projects to receive assistance; duties; recapture funds; when.

58-709 - Rules and regulations.

58-711 - Information on status of Affordable Housing Trust Fund; report; contents.

58-801 - Act, how cited.

58-802 - Legislative findings.

58-803 - Definitions, where found.

58-804 - Authority, defined.

58-805 - Bonds, defined.

58-806 - Cost, defined.

58-807 - Eligible institution, defined.

58-807.01 - Private cultural institution, defined.

58-808 - Private health care institution, defined.

58-809 - Private institution of higher education, defined.

58-810 - Private social services institution, defined.

58-811 - Project, defined.

58-812 - Property, defined.

58-813 - Nebraska Educational, Health, Cultural, and Social Services Finance Authority; created.

58-814 - Authority; members; qualifications; appointment; terms; removal.

58-815 - Authority; officers; executive director; compensation; receive contributions.

58-816 - Authority; keep records and accounts; seal; certified copies.

58-817 - Authority; quorum; actions; vacancy; effect; meetings.

58-818 - Authority; officers, members, and employees; surety bond requirements.

58-819 - Authority; members; expenses.

58-820 - Authority member or employee; conflict of interest; abstention.

58-821 - Authority; purpose.

58-822 - Authority; perpetual succession; bylaws.

58-823 - Authority; adopt seal.

58-824 - Authority; office; location.

58-825 - Authority; sue and be sued.

58-826 - Authority; powers over project.

58-827 - Authority; issuance of bonds authorized.

58-828 - Authority; charge for services.

58-829 - Authority; rules and regulations for use of project; designate agent.

58-830 - Authority; personnel.

58-831 - Authority; receive loans, grants, and contributions.

58-832 - Authority; mortgage of certain property.

58-833 - Authority; loans authorized; limitation.

58-834 - Authority; issue bonds; make loans; conditions.

58-835 - Authority; administrative costs; apportionment.

58-836 - Authority; general powers; joint projects.

58-837 - Authority; combine and substitute projects; bonds; additional series.

58-838 - Expenses; how paid; liability; limitation.

58-839 - Authority; acquisition of property.

58-840 - Authority; financing obligations completed; convey title to eligible institution.

58-841 - Authority; bonds; issuance; form; proceeds; how used; replacement; liability; liability insurance; indemnification.

58-842 - Bond issuance; resolution; provisions enumerated.

58-843 - Bonds; secured by trust indenture; contents; expenses; how treated.

58-844 - Bonds issued to purchase securities of eligible institution; provisions applicable.

58-845 - Bonds issued to acquire federally guaranteed securities; provisions applicable.

58-846 - Refunding bonds; issuance authorized; provisions applicable.

58-847 - Bond issuance; state or political subdivision; no obligation; statement; expenses.

58-848 - Authority; rents or loan payments; use.

58-849 - Money received by authority; deemed trust funds; investment.

58-850 - Bondholders and trustee; enforcement of rights.

58-851 - Act, how construed.

58-852 - Authority; journal; public records.

58-853 - Authority; public purpose; exemptions from taxation.

58-854 - Bondholders; pledge; agreement of the state.

58-855 - Act; supplemental to other laws.

58-856 - Act; provisions controlling.

58-857 - Nebraska Health Education Assistance Loan Program; established.

58-858 - Nebraska Health Education Assistance Loan Program; authority; powers.

58-859 - Nebraska Health Education Assistance Loan Program; loans; how funded.

58-860 - Nebraska Health Education Assistance Loan Program; bonds or other obligations; how paid.

58-861 - Nebraska Health Education Assistance Loan Program; bonds; security.

58-862 - Nebraska Health Education Loan Repayment Fund; created; use.

58-863 - Nebraska Student Loan Assistance Program; established.

58-864 - Nebraska Student Loan Assistance Program; authority; powers.

58-865 - Nebraska Student Loan Assistance Program; loans; how funded.

58-866 - Change in name; effect.