NE LB1168

Authorizes community development authorities to issue conduit revenue bonds for redevelopment projects, with the ability to pledge up to 100% of annual excess tax-increment financing (TIF) revenues toward bond obligations

Permits authorities to enter into taxpayer agreements that limit property tax assessment challenges or guarantee shortfalls in property taxes pledged to conduit revenue bond payments

Establishes that liens from taxpayer agreements take priority over existing or subsequent mortgages and have parity with property tax liens, enforceable and collectible as real property taxes

Exempts conduit revenue bonds from being general obligations of the issuing authority and from Nebraska tax exemptions that apply to other authority bonds

Amends multiple sections of the Community Development Law (18-2124, 18-2125, 18-2136, 18-2147) to incorporate references to the new conduit revenue bond and taxpayer agreement provisions