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House Journal: Page 2141: Wednesday, May 1, 1996

23   remaining on June 30, 1997, shall revert to the
24   general fund of the state.
25     Sec. ___.  NEW SECTION.  15.113  ECONOMIC
26   DEVELOPMENT ASSISTANCE - REPORT.
27     In order for the general assembly to have accurate
28   and complete information regarding expenditures for
29   economic development and job training incentives and
30   to respond to the job training needs of Iowa workers,
31   the department shall provide to the legislative fiscal
32   bureau by January 15 of each year data on all
33   assistance or benefits provided under the community
34   economic betterment program, the new jobs and income
35   program, and the Iowa industrial new jobs training Act
36   during the previous calendar year.  The department
37   shall meet with the legislative fiscal bureau prior to
38   submitting the data to assure that its form and
39   specificity are sufficient to provide accurate and
40   complete information to the general assembly.  The
41   department shall also contact other state agencies
42   providing financial assistance to Iowa businesses and,
43   to the extent practical coordinate the submission of
44   the data to the legislative fiscal bureau.
45     Sec. ___.  NEW SECTION.  15.114  MICROBUSINESS
46   RURAL ENTERPRISE ASSISTANCE.
47     1.  As used in this section:
48     a.  "Department" means the department of economic
49   development.
50     b.  "Microbusiness" or "microbusiness enterprise"

Page  15

 1   means a business producing services with five or fewer
 2   full-time equivalent employee positions and with
 3   assistance requirements of not more than twenty-five
 4   thousand dollars.
 5     c.  "Microbusiness organization" means a nonprofit
 6   corporation organized under chapter 504A which is
 7   exempt from taxation pursuant to section 501(c) of the
 8   Internal Revenue Code and which has a principal
 9   mission of actively engaging in microbusiness
10   development, training, technical assistance, and
11   capital access for the start-up or expansion of
12   microbusinesses.
13     2.  The department shall contract with a
14   microenterprise organization actively engaged in
15   microbusiness enterprise to assist in the
16   establishment of this program.  In order to qualify
17   for the contract, the microenterprise organization
18   shall do all of the following:
19     a.  Demonstrate a past performance of and a
20   capacity to successfully engage in microbusiness
21   development.
22     b.  Have a statewide commitment to and focus on

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/02100/02141.html
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