| Formal Name: | Board See Neb. Rev. Stat. 13-3102 |
| Contact Person: | George Kilpatrick Attorney, Nebraska Department of Revenue 301 Centennial Mall South, Lincoln, NE 68509, 402-471-6024 |
| Purpose: | To approve or deny state assistance under the Sports Arena Facility Financing Assistance Act (Act). |
| How Many Affectable: | Any political subdivision in the State of Nebraska that has acquired, built, or approved a bond to construct an eligible sports arena is eligible for state assistance under the Act. |
| How Many Served: | Serves cities with applications for state assistance under the Act. There has been one beneficiary. |
| Year Created: | The Board was created by LB 779 (2010). |
| Year Active: | The Board met on June 20, 2011. |
| Sunset Date: | None. |
| Authorization Citation: | Neb. Rev. Stat. 13-3102(2): The Board is to review applications submitted under 13-3104, hold a public hearing, and approve the request for state assistance under the Act if the facility described in the application is an eligible facility and if state |
| Parent Agency: | The Nebraska Department of Revenue |
| Number Of Members: | Five. |
| Who Appoints: | The Board consists of the Governor, the State Treasurer, the chairperson of the Nebraska Investment Council, the chairperson of the Nebraska State Board of Public Accountancy, and a professor of economics on the faculty of a state postsecondary educationa |
| Legislative Approval: | No. |
| Qualifications Of Members: | See above. Four members qualify based on holding other offices. The fifth must be an economics professor. |
| Per Diem: | None. |
| Expense Reimbursement: | None. |
| Term Length: | Terms are indefinite. Four members are qualified based on their positions. The professor of economics is appointed to a two-year term. |
| Terms Rotate or Expire At Once: |
| Required FY 13-14: | None in the years requested in the survey. The Board meets at the request of the Governor. It met on June 20, 2011. |
| Held FY 13-14: | None in the years requested in the survey. The Board meets at the request of the Governor. It met on June 20, 2011. |
| Required FY 14-15: | None in the years requested in the survey. The Board meets at the request of the Governor. It met on June 20, 2011. |
| Held FY 14-15: | None in the years requested in the survey. The Board meets at the request of the Governor. It met on June 20, 2011. |
| Required FY 15-16: | None in the years requested in the survey. The Board meets at the request of the Governor. It met on June 20, 2011. |
| Held FY 15-16: | None in the years requested in the survey. The Board meets at the request of the Governor. It met on June 20, 2011. |
| Support Staff: | For administrative and budget purposes only, the Board is considered part of the Nebraska Department of Revenue. |
| Shared or Separate: | Shared. |
| FY 13-14 Budget: | $0 |
| FY 14-15 Budget: | $0 |
| FY 15-16 Budget: | $0 |
| Other Funding Sources: | None. |
| Spending Authority: | None. |
| Since July 1, 2012: | The Board has met only once, on June 20, 2011. At that meeting, the Board approved state assistance to the City of Ralston related to the financing of the Ralston Arena. However, the Sports Arena Facility Financing Assistance Act does not terminate, so the Board could be called to meet again at any time. |