This file contains STRIKE and UNDERSCORE. If you cannot see either STRIKE or UNDERSCORE attributes or would like to change how these attributes are displayed, please use the following form to make the desired changes.

House Journal: Page 1668: Tuesday, April 16, 1996

Page  20

 1                                         DIVISION IV
 2     PHYSICAL INFRASTRUCTURE ASSISTANCE PROGRAM
 3     Sec. ___.  Section 8.55, subsection 3, Code
 4   Supplement 1995, is amended to read as follows:
 5     3.  The moneys in the Iowa economic emergency fund
 6   may be appropriated by the general assembly only in
 7   the fiscal year for which the appropriation is made.
 8   The moneys shall only be appropriated by the general
 9   assembly for emergency expenditures and for providing
10   indemnification for liability pursuant to section
11   15E.175 in an amount of up to a total of ten million
12   dollars.  However, except as provided in section 8.58,
13   the balance in the Iowa economic emergency fund may be
14   used in determining the cash position of the general
15   fund of the state for the payment of state
16   obligations.
17     Sec. ___.  NEW SECTION.  15E.175  PHYSICAL
18   INFRASTRUCTURE ASSISTANCE PROGRAM.
19     1.  The Iowa department of economic development
20   shall establish a physical infrastructure financial
21   assistance program to provide financial assistance for
22   business or community physical infrastructure
23   development or redevelopment projects.  Physical
24   infrastructure projects that create the necessary
25   infrastructure for economic success throughout Iowa,
26   that provide the opportunity for the creation of
27   quality, high-wage jobs, and that involve substantial
28   capital investment may be eligible for financial
29   assistance under the program.  Physical infrastructure
30   development or redevelopment projects include, but are
31   not limited to, projects involving any mode of
32   transportation infrastructure, public works and
33   utilities such as sewer, water, power or
34   telecommunications, physical improvements which
35   mitigate, prevent or eliminate environmental
36   contaminants, and any other project deemed appropriate
37   by the department.
38     2.  A physical infrastructure assistance fund is
39   created within the state treasury under the control of
40   the Iowa department of economic development.
41     a.  The fund shall include any moneys appropriated
42   to the fund by the general assembly, payments of
43   interest earned, recaptures of awards, repayments of
44   moneys loaned or expended from the physical
45   infrastructure assistance program, and any other
46   moneys designated by the department for placement in
47   the fund.
48     b.  The fund shall be used for the following:
49     (1)  To provide reimbursement to the department of
50   natural resources for activities related to physical

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: Wed Apr 17 13:30:02 CDT 1996
URL: /DOCS/GA/76GA/Session.2/HJournal/01600/01668.html
jhf