NE LB1129

Expands the definition of "blighted area" and "substandard area" to include underdeveloped parcels that have been within a city's extraterritorial zoning jurisdiction for more than 25 years, allowing these areas to qualify for redevelopment projects

Lowers the threshold for "extremely blighted area" designation from 200% to 150% of state average unemployment and from 20% to 15% poverty rate, while adding an alternative pathway allowing city governing bodies to make determinations when federal data is unreliable

Extends a city's "area of operation" for community development purposes to include land within the city's extraterritorial zoning jurisdiction, not just land within corporate limits

Requires that the effective date for dividing ad valorem taxes in redevelopment projects cannot occur until the real property is within the city's corporate boundaries or extraterritorial zoning jurisdiction (except for formerly used defense sites)

Removes the provision allowing cities to acquire and develop land outside the city but within a 3-mile radius for redevelopment purposes, consolidating authority to the city's extraterritorial zoning jurisdiction