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PAG LIN
1 1 Section 1. NEW SECTION. 173.22A RENOVATION AND CAPITAL
1 2 PROJECTS &endash; APPROPRIATION.
1 3 1. There is appropriated from the general fund of the
1 4 state three million dollars, or so much thereof as is
1 5 necessary, to the Iowa state fair authority for each fiscal
1 6 year of the period beginning July 1, 1995, and ending June 30,
1 7 2000, for purposes of supporting renovation and capital
1 8 projects, including major improvements to existing facilities,
1 9 which are located on the Iowa state fairgrounds or property
1 10 under the control of the Iowa state fair board.
1 11 2. A renovation and capital projects fund is established.
1 12 The fund shall consist of moneys appropriated under this
1 13 section, and other moneys accepted by the Iowa state fair
1 14 board from public sources, Iowa state fair authority receipts,
1 15 and private contributions. All interest earned on moneys
1 16 deposited in the fund shall be credited to and remain in the
1 17 fund. Section 8.33 does not apply to moneys in the fund. The
1 18 auditor of state shall conduct regular audits of the fund and
1 19 shall make a certified report relating to the condition of the
1 20 fund to the treasurer of state, and to the treasurer and
1 21 secretary of the state fair board.
1 22 3. Moneys deposited into the fund shall be under the
1 23 control of the Iowa state fair board. The moneys shall not be
1 24 used to support administrative operations. The moneys shall
1 25 not be expended on a matching basis with moneys from other
1 26 sources. The board shall cooperate with persons interested in
1 27 carrying out the purposes of this section, including the Iowa
1 28 state fair foundation established pursuant to section 173.22.
1 29 The board and foundation shall develop a long-term plan for
1 30 the expenditure of moneys deposited in the renovation and
1 31 capital projects fund and the foundation fund established
1 32 pursuant to section 173.22. The board shall submit the plan
1 33 to the general assembly not later than January 1, 1996.
1 34 EXPLANATION
1 35 This bill appropriates $3 million each year for five years
2 1 from the general fund of the state to the Iowa state fair
2 2 authority to be deposited in a renovation and capital projects
2 3 fund under the control of the Iowa state fair board. The bill
2 4 requires that the moneys be used for purposes of supporting
2 5 renovation and capital projects, including major improvements
2 6 to existing facilities, which are located on the Iowa state
2 7 fairgrounds or property under the control of the board. The
2 8 bill provides that moneys in the fund shall not be used to
2 9 support administrative operations. It also provides that the
2 10 moneys shall not be expended on a matching basis with moneys
2 11 deposited from other sources. The bill requires the board to
2 12 cooperate with persons interested in carrying out the purposes
2 13 of the bill, including the Iowa state fair foundation. The
2 14 bill requires the board and foundation to develop a long-term
2 15 plan for the expenditure of moneys deposited in the renovation
2 16 and capital projects fund and the foundation fund which may
2 17 also be used to support renovation and capital projects. The
2 18 board must submit the plan to the general assembly not later
2 19 than January 1, 1996.
2 20 LSB 1341SS 76
2 21 da/sc/14
Text: SF00037 Text: SF00039 Text: SF00000 - SF00099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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