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14 July 1, 1996, and ending June 30, 1997, the following 15 amounts, or so much thereof as is necessary, to be 16 used for the purposes designated: 17 1. For funding and maintaining in their current 18 locations the existing small business development 19 centers, and for not more than the following full-time 20 equivalent positions: 21 $ 1,216,245 22 FTEs 5.80 23 2. For funding the institute for physical research 24 and technology, and for not more than the following 25 full-time equivalent positions: 26 $ 4,124,607 27 FTEs 46.42 28 It is the intent of the general assembly that the 29 incentive program focus on Iowa industrial sectors and 30 seek contributions and in-kind donations from 31 businesses, industrial foundations, and trade 32 associations and that moneys for the institute for 33 physical research and technology industrial incentive 34 program shall only be allocated for projects which are 35 matched by private sector moneys for directed contract 36 research or for nondirected research. The match 37 required of small businesses as defined in section 38 15.102, subsection 4, for directed contract research 39 or for nondirected research shall be $1 for each $3 of 40 state funds. The match required for other businesses 41 for directed contract research or for nondirected 42 research shall be $1 for each $1 of state funds. The 43 match required of industrial foundations or trade 44 associations shall be $1 for each $1 of state funds. 45 Iowa state university shall report annually to the 46 joint economic development subcommittee of the senate 47 and house appropriations committees the total amounts 48 of private contributions, the proportion of 49 contributions from small businesses and other 50 businesses, and the proportion for directed contract Page 9 1 research and nondirected research of benefit to Iowa 2 businesses and industrial sectors. 3 Notwithstanding section 8.33, moneys appropriated 4 for any fiscal year which remain unobligated and 5 unexpended at the end of the fiscal year shall not 6 revert but shall be available for expenditure the 7 following fiscal year. 8 3. For the research park: 9 $ 370,000 10 Sec. 9. There is appropriated from the general 11 fund of the state to the state university of Iowa for 12 the fiscal year beginning July 1, 1996, and ending 13 June 30, 1997, the following amounts, or so much
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© 1996 Cornell College and League of Women Voters of Iowa
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Last update: Thu Mar 21 13:30:02 CST 1996
URL: /DOCS/GA/76GA/Session.2/HJournal/00800/00863.html
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