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Text: HF00434                           Text: HF00436
Text: HF00400 - HF00499                 Text: HF Index
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House File 435

Partial Bill History

Bill Text

PAG LIN
  1  1    Section 1.  Section 303.2, subsection 2, paragraph j, Code
  1  2 1995, is amended to read as follows:
  1  3    j.  Administer the resource enhancement and protection
  1  4 historical resource development program grants and loans
  1  5 established in section 303.16.
  1  6    Sec. 2.  Section 303.16, subsection 2, Code 1995, is
  1  7 amended to read as follows:
  1  8    2.  The purpose of the resource enhancement and protection
  1  9 historical resource development program grants and loans is to
  1 10 preserve, conserve, interpret, and enhance historical
  1 11 resources that will encourage and support the economic and
  1 12 cultural health and development of the state and the
  1 13 communities in which the resources are located.  For this
  1 14 purpose, the division may make grants and loans as otherwise
  1 15 provided by law with funds as may be made available by
  1 16 applicable law.
  1 17    Sec. 3.  Section 303.16, subsection 3, unnumbered paragraph
  1 18 1, Code 1995, is amended to read as follows:
  1 19    The following persons are eligible to receive resource
  1 20 enhancement and protection historical resource grants and
  1 21 loans:
  1 22    Sec. 4.  Section 303.16, subsection 9, paragraph a, Code
  1 23 1995, is amended to read as follows:
  1 24    a.  The division may establish a resource enhancement and
  1 25 protection historical resource grant and loan fund composed of
  1 26 any money appropriated by the general assembly for that
  1 27 purpose, funds allocated pursuant to section 455A.19, and of
  1 28 any other moneys available to and obtained or accepted by the
  1 29 division from the federal government or private sources for
  1 30 placement in that fund.  Each loan made under this section
  1 31 shall be for a period not to exceed ten years, shall bear
  1 32 interest at a rate determined by the state historical board,
  1 33 and shall be repayable to the revolving loan fund in equal
  1 34 yearly installments due March 1 of each year the loan is in
  1 35 effect.  The interest rate upon loans for which payment is
  2  1 delinquent shall accelerate immediately to the current legal
  2  2 usury limit.  Applicants are eligible for not more than one
  2  3 hundred thousand dollars in loans outstanding at any time
  2  4 under this program.  A single lending institution contracting
  2  5 with the division pursuant to this section shall not hold more
  2  6 than five hundred thousand dollars worth of outstanding loans
  2  7 under the program.
  2  8    Any applicant, who is otherwise eligible, who receives a
  2  9 direct or indirect appropriation from the general assembly for
  2 10 a project or portion of a project is ineligible for a resource
  2 11 enhancement and protection historical resources development
  2 12 resource grant for that same project during the fiscal year
  2 13 for which the appropriation is made.  For purposes of this
  2 14 paragraph, "project" includes any related activities,
  2 15 including, but not limited to, construction, restoration,
  2 16 supplies, equipment, consulting, or other services.
  2 17    Sec. 5.  Section 303.16, subsection 9, paragraph b,
  2 18 subparagraph (2), Code 1995, is amended to read as follows:
  2 19    (2)  Authorize payment from the resource enhancement and
  2 20 protection historical resource grant and loan fund, from fees
  2 21 and from any income received by investments of money in the
  2 22 fund for costs, commissions, attorney fees and other
  2 23 reasonable expenses related to and necessary for making and
  2 24 protecting direct loans under this section, and for the
  2 25 recovery of moneys loaned or the management of property
  2 26 acquired in connection with such loans.
  2 27    Sec. 6.  Section 455A.19, subsection 1, paragraph f, Code
  2 28 1995, is amended to read as follows:
  2 29    f.  Five percent shall be allocated to the resource
  2 30 enhancement and protection historical resource grant and loan
  2 31 fund established pursuant to section 303.16.  The department
  2 32 of cultural affairs shall use the moneys allocated to this
  2 33 fund to implement historical resource development programs as
  2 34 provided under section 303.16.  
  2 35                           EXPLANATION
  3  1    The bill renames the historical resource development
  3  2 program as the resource enhancement and protection (REAP)
  3  3 historical resource grants and loans program.  The purpose of
  3  4 the program is to preserve, conserve, interpret, and enhance
  3  5 historical resources that will encourage and support the
  3  6 economic and cultural health and development of the state and
  3  7 its communities.  The resource enhancement and protection fund
  3  8 provides the funding for the program.  
  3  9 LSB 1234HV 76
  3 10 kh/sc/14
     
Text: HF00434                           Text: HF00436
Text: HF00400 - HF00499                 Text: HF Index
Bills and Amendments: General Index     Bill History: General Index
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