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Page 2 1 to support the assistance program or may be credited 2 to the value-added agricultural products and processes 3 financial assistance fund created in section 15E.112 4 and shall not revert notwithstanding section 8.33. 5 4. The department shall submit a report in 6 accordance with section 7A.11 not later than November 7 1 of each year detailing the activities of the 8 microenterprise organization and describing the 9 success of the project." 10 3. By renumbering as necessary. Amendment H-5448 lost. Wise of Lee asked and received unanimous consent to withdraw amendment H-5453, to the committee amendment H-5419, filed by Wise, et. al., on March 19, 1996. Wise of Lee offered the following amendment H-5457, to the committee amendment H-5419 filed by Wise, et. al., and moved its adoption: H-5457 1 Amend the amendment, H-5419, to Senate File 2443, 2 as amended, passed, and reprinted by the Senate, as 3 follows: 4 1. Page 2, by striking lines 42 through 44 and 5 inserting the following: 6 "For deposit in the strategic investment fund for 7 the purposes of the fund including providing funds for 8 use in making awards from the community economic 9 betterment account which, if under $500,000, must be 10 to businesses able to pay 100 percent of the average 11 county wage within two years of project initiation, 12 and which, if $500,000 or over, must be to businesses 13 able to pay at least 130 percent of the average county 14 wage, for providing that the wage cap in high wage 15 counties tied to an appropriate inflator for 16 determining eligibility for awards, and for reporting 17 on the progress made by the department in making the 18 community economic betterment program a self- 19 sustaining, revolving loan program, and for salaries, 20 support, and not more than the following full-time 21 equivalent positions:" 22 2. Page 12, by inserting after line 45 the 23 following: 24 "Sec. ___. NEW SECTION. 15.113 ECONOMIC 25 DEVELOPMENT ASSISTANCE _ REPORT. 26 In order for the general assembly to have accurate 27 and complete information regarding expenditures for 28 economic development and job training incentives and 29 to respond to the job training needs of Iowa workers,
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