Investment means the amount paid by the applicant for:

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Terms Used In Nebraska Statutes 81-12,174

  • Applicant: means a postsecondary institution having a college of medicine located in the State of Nebraska. See Nebraska Statutes 81-12,170
  • Date of application: means the date that a completed application is filed under the Nebraska Transformational Projects Act. See Nebraska Statutes 81-12,172
  • Investment: means the amount paid by the applicant for:

    (1) Real property that is (a) constructed after the date of application, (b) owned by the applicant, (c) located at the qualified location, and (d) used to carry out the project. See Nebraska Statutes 81-12,174

  • Project: means an investment by the applicant of at least one billion six hundred million dollars at one qualified location which is made to carry out the requirements for the qualified location to be included in the program described in Title VII, Subtitle C, section 740 of Public Law 116-92. See Nebraska Statutes 81-12,177
  • Qualified location: means any parcel of real property, or contiguous or adjacent parcels of real property, within the State of Nebraska that is or are owned by the applicant, and such other parcels owned by the applicant that are necessary to support the applicant's project at such parcel or parcels. See Nebraska Statutes 81-12,178
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.

(1) Real property that is (a) constructed after the date of application, (b) owned by the applicant, (c) located at the qualified location, and (d) used to carry out the project; or

(2) Equipment that is (a) purchased after the date of application, (b) owned by the applicant, (c) located at the qualified location, and (d) used to carry out the project.