Nebraska Statutes 81-12,240. Terms, defined
For purposes of the Economic Recovery Act:
Terms Used In Nebraska Statutes 81-12,240
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801
- United States: shall include territories, outlying possessions, and the District of Columbia. See Nebraska Statutes 49-801
(1) Economic redevelopment area means an area in the State of Nebraska in which:
(a) The average rate of unemployment in the area during the period covered by the most recent federal decennial census or American Community Survey 5-Year Estimate by the United States Bureau of the Census is at least one hundred fifty percent of the average rate of unemployment in the state during the same period; and
(b) The average poverty rate in the area is twenty percent or more for the federal census tract in the area; and
(2) Qualified census tract means a qualified census tract as defined in 26 U.S.C. § 42(d)(5)(B)(ii)(I), as such section existed on January 1, 2022.
Source
- Laws 2022, LB1024, § 3;
- Laws 2023, LB531, § 47.
- Operative Date: June 7, 2023