Adopt the Aid to Municipalities Act and change provisions relating to taxes imposed on the average wholesale price of gasoline

This bill establishes the Aid to Municipalities Act, which creates a state fund to provide grants to cities and villages in Nebraska for specific infrastructure projects such as water systems, airports, and public buildings. To receive funding, municipalities must submit an application to the Department of Economic Development, and individual grants cannot exceed ten million dollars. The legislation also amends existing tax laws to clarify how certain property tax revenues and other funds are classified as restricted or nonrestricted for budgeting purposes. Although the bill outlines these new financial mechanisms for local governments, it was indefinitely postponed in August 2024 and has not yet become law.