House Study Bill 64
SENATE/HOUSE FILE
BY (PROPOSED DEPARTMENT OF
ECONOMIC DEVELOPMENT BILL)
Passed Senate, Date Passed House, Date
Vote: Ayes Nays Vote: Ayes Nays
Approved
A BILL FOR
1 An Act relating to community development block grants to the
2 department of economic development and including effective and
3 retroactive applicability dates.
4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
5 TLSB 1648DP 80
6 tm/cl/14
PAG LIN
1 1 Section 1. 2002 Iowa Acts, chapter 1170, section 10, is
1 2 amended by adding the following new subsection:
1 3 NEW SUBSECTION. 3. Notwithstanding section 17 of this
1 4 Act, relating to the procedure for proration of federal funds
1 5 received in excess of the amount appropriated in this section,
1 6 the department may expend up to two percent of eligible
1 7 program income received for the purposes of administration.
1 8 Sec. 2. EFFECTIVE AND RETROACTIVE APPLICABILITY DATE
1 9 PROVISIONS. This Act, being deemed of immediate importance,
1 10 takes effect upon enactment and is retroactively applicable to
1 11 July 1, 2002.
1 12 EXPLANATION
1 13 This bill relates to funds received from the federal
1 14 government in the form of community development block grants
1 15 that exceed the amount appropriated to the department of
1 16 economic development for the federal fiscal year beginning
1 17 October 1, 2002.
1 18 The bill allows the department to expend up to 2 percent of
1 19 eligible program income received for purposes of
1 20 administration.
1 21 The bill takes effect upon enactment and is retroactively
1 22 applicable to July 1, 2002.
1 23 LSB 1648DP 80
1 24 tm/cl/14
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