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 2129: Wednesday, May 1, 1996

22     Notwithstanding section 8.33, moneys remaining
23   unencumbered or unobligated on June 30, 1997, shall
24   not revert and shall be available for expenditure
25   during the fiscal year beginning July 1, 1997, for the
26   same purposes.
27     d.  Strategic investment fund
28     For deposit in the strategic investment fund for
29   salaries, support, for not more than the following
30   full-time equivalent positions, and for allocating
31   from the funds remaining unobligated in the Wallace
32   technology transfer foundation fund on June 30, 1996,
33   notwithstanding section 8.33, $200,000 for a study
34   regarding the feasibility of establishing an Iowa-
35   based airline:
36  		 $	  6,707,638
37  		 FTEs	      10.50
38     As a condition of any portion of the appropriation
39   made under this lettered paragraph being used for
40   awards from the community economic betterment account,
41   the department shall provide that awards under the
42   program of $500,000 or more must be to businesses able
43   to pay at least 130 percent of the average county
44   wage, shall review the wage cap in high wage counties
45   and provide that it is tied to an appropriate inflator
46   for determining eligibility for awards, and shall
47   provide, in addition to all other existing
48   requirements for awards from the community economic
49   betterment account, that the remaining 10 percent of
50   the funds shall be transferred by the department to

Page   3

 1   other programs within the strategic investment fund
 2   and used for purposes other than the community
 3   economic betterment program if, after 90 percent of
 4   funds in the account have been obligated for the
 5   fiscal year, either of the following conditions have
 6   not been met:
 7     (1)  All projects approved have starting wages not
 8   less than 90 percent of the lesser of either the
 9   average county wage or the average regional wage, as
10   compiled annually by the department for the community
11   economic betterment program.  For the purposes of this
12   lettered paragraph, the average regional wage shall be
13   compiled based upon the service delivery areas in
14   section 84B.2, if enacted by 1996 Iowa Acts, Senate
15   File 2409.
16     (2)  The average starting wage for the businesses
17   for which the awards were made under the program shall
18   exceed 100 percent of the statewide average wage.
19     Additionally, the department shall provide an
20   annual report on the progress made by the department
21   in making the community economic betterment program a

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: Tue Jun 25 15:30:03 CDT 1996
URL: /DOCS/GA/76GA/Session.2/HJournal/02100/02129.html
jhf