Text: HF00367 Text: HF00369 Text: HF00300 - HF00399 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 HOUSE FILE 368
1 2 AN ACT
1 3 RELATING TO THE ESTABLISHMENT OF THE ENTREPRENEURIAL VEN-
1 4 TURES ASSISTANCE PROGRAM AND ALLOCATING FUNDS FROM THE
1 5 IOWA STRATEGIC INVESTMENT FUND FOR THE ADMINISTRATION
1 6 AND OPERATION OF THE PROGRAM.
1 7
1 8 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1 9
1 10 Section 1. NEW SECTION. 15.338 SHORT TITLE.
1 11 This part shall be known and may be cited as the
1 12 "Entrepreneurial Ventures Assistance Program".
1 13 Sec. 2. NEW SECTION. 15.339 ENTREPRENEURIAL VENTURES
1 14 ASSISTANCE.
1 15 1. As used in this section, unless the context otherwise
1 16 requires, "early-stage industry company" means a company with
1 17 three years or less of experience in a particular industry.
1 18 2. The department shall establish a program to provide
1 19 financial and technical assistance to early-stage industry
1 20 companies and entrepreneurs. The purpose of the program is to
1 21 encourage the development of entrepreneurial venture planning
1 22 and managerial skills in conjunction with the delivery of a
1 23 financial assistance program for business start-ups and
1 24 expansions. An applicant eligible for the program includes an
1 25 individual who is participating in or has successfully
1 26 completed a recognized entrepreneurial venture development
1 27 curriculum, or a business whose principal participants have
1 28 successfully completed a recognized entrepreneurial venture
1 29 development curriculum.
1 30 3. Each application for financial assistance submitted to
1 31 the department must include a business plan, a marketing plan,
1 32 a budget, and a statement of purpose stating how the financial
1 33 assistance will be used.
1 34 4. Unless otherwise authorized by the director, the
1 35 department shall not provide more than five thousand dollars
2 1 of technical assistance per project, and shall not provide
2 2 more than a total of twenty thousand dollars in financial
2 3 assistance per project.
2 4 5. In addition to funds appropriated for the program, the
2 5 department may allocate resources from the Iowa strategic
2 6 investment fund under section 15.313 for the administration
2 7 and operation of the program.
2 8 6. The department shall adopt administrative rules
2 9 pursuant to chapter 17A to administer this section.
2 10
2 11
2 12
2 13 RON J. CORBETT
2 14 Speaker of the House
2 15
2 16
2 17
2 18 MARY E. KRAMER
2 19 President of the Senate
2 20
2 21 I hereby certify that this bill originated in the House and
2 22 is known as House File 368, Seventy-seventh General Assembly.
2 23
2 24
2 25
2 26 ELIZABETH ISAACSON
2 27 Chief Clerk of the House
2 28 Approved , 1997
2 29
2 30
2 31
2 32 TERRY E. BRANSTAD
2 33 Governor
Text: HF00367 Text: HF00369 Text: HF00300 - HF00399 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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