House File 2333

                                       HOUSE FILE       
                                       BY  FORD


    Passed House,  Date               Passed Senate, Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act relating to the allocation of a portion of the moneys
  2    appropriated to the department of economic development from
  3    the grow Iowa values fund for purposes of certain minority
  4    owned, operated, and managed businesses.
  5 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  6 TLSB 6153YH 80
  7 tm/gg/14

PAG LIN

  1  1    Section 1.  2003 Iowa Acts, First Extraordinary Session,
  1  2 chapter 2, section 66, is amended by adding the following new
  1  3 subsection:
  1  4    NEW SUBSECTION.  8.  Of the moneys appropriated in this
  1  5 section, the department shall establish a goal of awarding at
  1  6 least five percent of the moneys each fiscal year in the form
  1  7 of financial assistance to businesses which are at least
  1  8 fifty=one percent or more owned, operated, and actively
  1  9 managed by one or more minority persons as defined in section
  1 10 15.102, subsection 5, and which are located in a city with a
  1 11 population that falls within either of the following
  1 12 parameters:
  1 13    a.  At least sixty=two thousand people as shown by the 2000
  1 14 certified federal census.
  1 15    b.  At least twenty=five thousand people but not more than
  1 16 twenty=six thousand people as shown by the 2000 certified
  1 17 federal census.
  1 18                           EXPLANATION
  1 19    This bill relates to the allocation of a portion of the
  1 20 moneys appropriated to the department of economic development
  1 21 for fiscal years 2005 through 2007 from the grow Iowa values
  1 22 fund for purposes of certain minority owned, operated, and
  1 23 managed businesses.
  1 24    The bill provides that of the moneys appropriated to the
  1 25 department of economic development from the grow Iowa values
  1 26 fund for programs administered by the department, the
  1 27 department shall establish a goal of awarding at least 5
  1 28 percent of the moneys each fiscal year in the form of
  1 29 financial assistance to businesses which are at least 51
  1 30 percent or more owned, operated, and actively managed by one
  1 31 or more minority persons and located in a city meeting certain
  1 32 population requirements.
  1 33 LSB 6153YH 80
  1 34 tm/gg/14
  1 35