LB 1070 would set a two-year community development funding schedule

The proposed amendment would set out a two-year funding schedule for the Community and Rural Development program. The schedule covers the Department of Economic Development’s Community and Rural Development program. Some state aid money is limited to that purpose. The schedule also lists funding for development districts, nonprofit reading mentorships, and a housing study; the text does not establish that these uses are new. The schedule lists amounts for fiscal years 2025-26 and 2026-27.