NE LB988

Adds new requirement that areas with structures cannot be declared substandard/blighted unless an inspector certifies the structure is permanently uninhabitable due to structural instability, elemental intrusion, or unresolved safety hazards

Prohibits pooling or sharing of excess tax-increment financing (TIF) funds between redevelopment projects; requires excess funds to be redirected to taxing entities once a project is paid off

Bars any area from being declared substandard/blighted twice within 20 years of a redevelopment project's effective date unless approved by the Governor due to emergency

Requires majority voter approval in affected precincts before TIF funds can be used for public transportation projects

Excludes agricultural/horticultural land and properties with no permanent structures from being designated as substandard areas; protects sites with Highway Historical Markers and properties of historical significance from blight declarations