Change provisions relating to property tax rates and qualifications for certain distributions under the Mutual Finance Assistance Act

LB 399 amends Nebraska's Mutual Finance Assistance Act to update rules for property tax rates and eligibility for funding distributions. It changes how mutual finance organizations (like fire protection districts) set property tax rates through agreements, requiring members to align rates for one out of three years while capping rates for the rest. The bill also revises population calculation methods to determine if districts qualify for distributions, adjusting how county and city populations are counted. It removes outdated provisions and takes effect on October 1, 2025. This directly affects rural and suburban fire districts and mutual finance organizations seeking state funding.