€ One Hundred Eighth Legislature - First Special Session - 2024 Introducer€s Statement of Intent LB70 € Chairperson: Senator Lou Ann Linehan Committee: Revenue Date of Hearing: August 2, 2024 € The following constitutes the reasons for this bill and the purposes which are sought to be accomplished thereby: LB70 establishes a reimbursable performance-based grants program in Nebraska aimed at reducing property taxes by addressing the root causes of incarceration, homelessness, and poverty among young adults aged 18-25. This grant program will support results-driven initiatives that focus on employment opportunities, upward mobility, sustainability, equity, trauma-informed care, and cognitive behavioral therapy, fostering positive social outcomes. € € Principal Introducer:________________________________ Senator Terrell McKinney - 1 -