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NE LB1126
Bill
Status
1/20/2026
Primary Sponsor
Mike Moser
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AI Summary
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Creates the Infrastructure Development Investment Program Act establishing a state infrastructure bank within the Department of Transportation to provide loans, credit enhancements, and other financial assistance to political subdivisions for transportation projects including highways, bridges, transit, rail, airports, and ports, with the State Highway Commission serving as administrator
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Authorizes the program to issue revenue bonds with maturities up to 40 years, establish separate federal and state accounts, and charge application fees up to $1,000; loan terms cannot exceed 30 years or the useful life of the financed asset, and interest rates must comply with state law limitations
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Expands Department of Transportation contractor prequalification exemptions to include turf maintenance, fence work, ditch cleaning, culvert repair, intelligent transportation devices, rest area maintenance, and routine road repairs
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Modifies public-private partnership provisions under the Transportation Innovation Act to allow unsolicited proposals from private partners and requires the department to adopt rules for evaluating such proposals, with a $500 administrative fee for proposal review
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Increases traffic accident reporting thresholds from $1,500 to $2,000 in property damage, raises minimum security deposit requirements under the Motor Vehicle Safety Responsibility Act from $1,500 to $2,000, doubles permit fees for oversize/overweight vehicles, and creates tiered superload permit fees ranging from $250 to $800 based on weight
Legislative Description
Adopt the Infrastructure Development Investment Program Act and change provisions relating to the construction and repair of roads, the Transportation Innovation Act, the Motor Vehicle Safety Responsibility Act, and the Nebraska Rules of the Road
Last Action
Meyer, G. AM2562 to AM2432 filed
3/10/2026