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What is the Local Option Municipal Economic Development Act and how can it be used for telecommunications services?

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What is the Local Option Municipal Economic Development Act and how can it be used for telecommunications services?

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The Local Option Municipal Economic Development Act (LB 840, 1991) authorizes incorporated cities and villages to collect and appropriate local tax dollars (sales and/or property tax) if approved by the local voters, for economic development purposes. These purposes can include telecommunications infrastructure and services. See: http://assist.neded.org/lb840x.html for more complete information about this program and the communities that have voted it in.

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