One Hundred Eighth Legislature - First Special Session - 2024 Introducer€s Statement of Intent LB68 € Chairperson: Senator Lou Ann Linehan Committee: Revenue Date of Hearing: August 02, 2024 € The following constitutes the reasons for this bill and the purposes which are sought to be accomplished thereby: € LB 68 proposes the Aid to Municipalities Act. The primary goal of this bill is to provide state aid in the form of grants to municipalities for infrastructure projects, including solid waste management, water treatment systems, hazardous waste disposal systems, airports, port facilities, and mass transit systems, among others. Municipalities can apply for grants by submitting an application detailing the amount of funds requested and a description of the infrastructure projects. € Grant applications will be reviewed in the order they are received, and no single grant can exceed ten million dollars. Funds awarded are directed to be used exclusively for the construction, acquisition, or equipping of infrastructure projects or for servicing debt incurred for financing these projects. The funds must be kept in a separate account from the municipalitys other money. € € Principal Introducer:________________________________ Senator Justin Wayne - 1 -