NE LB627

Authorizes the Board of Regents to design and construct residential facilities for nursing and allied health students in Norfolk, Nebraska, with a total project cost of $23,000,000 from state funds

Legislature intends to appropriate $1,150,000 annually for twenty years to fund the project

Board of Regents may enter long-term financing contracts with payments extending through June 30, 2045, and may convey, lease, or lease back facilities to facilitate financing

Appropriations for the facilities cannot be reduced until all construction and financing contracts are completed or paid, with a hard deadline of June 30, 2045

Legislature intends to appropriate an additional $250,000 for educational technology at University of Nebraska facilities in Norfolk