LB 964

LB964  LB964
2026  2026
                         LEGISLATURE OF NEBRASKA
                      ONE HUNDRED NINTH LEGISLATURE
                               SECOND SESSION
                  LEGISLATIVE BILL 964
   Introduced by Bostar, 29.
   Read first time January 12, 2026
   Committee: Government, Military and Veterans Affairs
1   A BILL FOR AN ACT relating to political subdivisions; to adopt the
2Nebraska Public Property Disclosure Act.
3   Be it enacted by the people of the State of Nebraska,
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LB964  LB964
2026  2026
1Section 1.       Sections 1 to 2 of this act shall be known and may be
2    cited as the Nebraska Public Property Disclosure Act.
3Sec. 2.       (1) The governing body of a political subdivision shall
4   hold an open and public hearing prior to any sale or lease of real
5    property owned by the political subdivision or any purchase of real
6   property by the political subdivision. Any person may appear at the
7   hearing and speak for or against the sale, lease, or purchase and raise
8   any issue regarding the property.
9(2)    If,    following     such   hearing,   the   governing   body   decides   to
10   complete such sale, lease, or purchase, the governing body shall do so
11   within two months after the date of such hearing. If such sale, lease, or
12   purchase is not completed within such two-month period, the governing
13   body shall hold a new hearing under subsection (1) of this section before
14   proceeding with such sale, lease, or purchase.
15(3) The governing body shall cause to be printed and published a
16   notice of the sale, lease, or purchase at least ten days prior to the
17   sale, lease, or purchase. The notice shall be in a legal newspaper
18   published in or of general circulation in the political subdivision. The
19   notice    shall   state   the    legal   description,    address,   assessed   value,
20    proposed sale, lease, or purchase price, including any proposed lease
21    term, and the name of any proposed seller, buyer, lessor, or lessee of
22   the real property.
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