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
© 1997 Cornell College and League of Women Voters of Iowa
Comments about this site or page? webmaster@legis.iowa.gov. Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Sat Apr 26 03:42:22 CDT 1997
URL: /DOCS/GA/77GA/Legislation/HF/00300/HF00368/970408.html
jhf