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House Journal: Page 2056: Tuesday, April 30, 1996

a.  The fund shall include any moneys appropriated to the fund
by the general assembly, payments of interest earned, recaptures
of awards, repayments of moneys loaned or expended from the
physical infrastructure assistance program, and any other moneys
designated by the department for placement in the fund.
b.  The fund shall be used for the following:
(1)  To provide reimbursement to the department of natural
resources for activities related to physical infrastructure
assistance projects under this section.
(2)  To provide financial assistance for qualifying projects.
(3)  To provide funding for any other purpose consistent with
this section and deemed appropriate by the department.
c.  Section 8.33 shall not apply to the physical infrastructure
assistance fund.  Notwithstanding section 12C.7, interest earned
on moneys in the fund shall be credited to the fund.
3.  The department shall establish procedures and guidelines for
the physical infrastructure assistance program and shall proceed
in accordance with the following:
a.  Consult with and coordinate with the state department of
transportation, the department of natural resources, and any
other appropriate state agency which is responsible for the
development or redevelopment of physical infrastructure in this
state to ensure that activities conducted pursuant to this
section are consistent with the policies and plans of other
state agencies and are coordinated with other physical
infrastructure projects.
b.  Provide financial assistance in the form of a loan,
forgivable loan, loan guarantee, cost-share, indemnification of
costs, or any combination of financial assistance deemed by the
department to be most efficient in facilitating the physical
infrastructure project.
c.  Enter into contracts and to sue and be sued.  However, the
department shall not in any manner directly or indirectly pledge
the credit of the state of Iowa.
d.  Authorize payment of costs, commissions, attorney fees,
consultant fees, and other reasonable expenses from the fund.
Expenses may include costs relating to carrying out the duties
necessary for insuring or guaranteeing loans, co-sharing or
indemnifying costs under the physical infrastructure financial
assistance program, and for the recovery of loans insured or
guaranteed, costs co-shared or indemnified, or the management of
property acquired in connection with such loans or costs.
e.  Adopt administrative rules necessary to carry out the
provisions of this section.
Sec.    .  NEW SECTION.  455B.433  PHYSICAL
INFRASTRUCTURE ASSISTANCE - FUNDING - LIABILITY.
1. The department of natural resources shall work in conjunction
with the Iowa department of economic development to identify
environmentally contaminated sites which qualify for the
physical infrastructure assistance program under section
15E.175.  The department shall provide an assessment of the site
and shall provide any emergency response activities which the
department deems necessary.  The department may take any further
action, including remediation of the site, that the department
deems to be appropriate and which promotes the pur

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 May 1 22:20:02 CDT 1996
URL: /DOCS/GA/76GA/Session.2/HJournal/02000/02056.html
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