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House Journal: Page 862: Wednesday, March 20, 1996

13     Sec. 4.  Of all funds appropriated to or receipts
14   credited to the job training fund created in section
15   260F.6, subsection 1, $125,000 and not more than 1.30
16   FTEs may be used for the administration of job
17   training programs.
18     Sec. 5.  There is appropriated from the general
19   fund of the state to the Iowa seed capital corporation
20   fund established in section 15E.89, for the fiscal
21   year beginning July 1, 1996, and ending June 30, 1997,
22   the following amount, or so much thereof as is
23   necessary, for not more than the following full-time
24   equivalent positions and for the purposes of the
25   corporation:
26	$    330,275
27 	FTEs          5.00
28     It is the intent of the general assembly that the
29   current manner in which seed capital investments are
30   managed shall be changed by July 1, 1998.  The
31   department of economic development board shall appoint
32   an advisory committee to make recommendations for
33   managing seed capital investments after July 1, 1998.
34   The committee shall report to the joint appropriations
35   subcommittee on economic development by December 1,
36   1996, regarding its recommendations.
37     Sec. 6.  Upon payment in full of a certificate of
38   participation or other obligation issued to fund a job
39   training program under chapter 260E, the community
40   college providing the job training program shall
41   notify the department of revenue and finance and the
42   department of management of the amount paid by the
43   employer or business to the community college to
44   retire the certificate during the previous twelve
45   months.  Twenty-five percent of that amount shall be
46   appropriated each quarter of the fiscal year beginning
47   July 1, 1996.  If the actual amount of withholding
48   from the business or employer during the fiscal year
49   beginning July 1, 1996, is insufficient, the quarterly
50   appropriation shall be prorated.  The maximum amount

Page   8

 1   from all employers which shall be transferred to the
 2   workforce development fund during the fiscal year is
 3   ten million dollars.
 4     Sec. 7.  There is allocated from the workforce
 5   development fund established in section 15.343, for
 6   the fiscal year beginning July 1, 1996, and ending
 7   June 30, 1997, the sum of $50,000.  The department of
 8   economic development shall award these funds for
 9   productivity enhancement projects through a request
10   for proposal process.
11     Sec. 8.  There is appropriated from the general
12   fund of the state to the Iowa state university of
13   science and technology for the fiscal year beginning

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 2)

© 1996 Cornell College and League of Women Voters of Iowa

Comments? hjourn@legis.iowa.gov.

Last update: Thu Mar 21 13:30:02 CST 1996
URL: /DOCS/GA/76GA/Session.2/HJournal/00800/00862.html
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