Text: HF02127 Text: HF02129 Text: HF02100 - HF02199 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. NEW SECTION. 455A.31 IOWA LAKES RESTORATION
1 2 FUND.
1 3 1. An Iowa lakes restoration fund is created in the state
1 4 treasury under the control of the department. The fund is
1 5 composed of moneys appropriated by the general assembly and
1 6 moneys available to and obtained or accepted by the department
1 7 from the United States or private sources for placement in the
1 8 fund.
1 9 2. Moneys in the fund are subject to an annual audit by
1 10 the auditor of state. The fund is subject to warrants written
1 11 by the director of revenue and finance, drawn upon the written
1 12 requisition of the director or a person authorized by the
1 13 director.
1 14 3. The department may adopt rules pursuant to chapter 17A
1 15 to administer this section.
1 16 4. The department shall not in any manner, directly or
1 17 indirectly, pledge the credit of the state.
1 18 5. Section 8.33 shall not apply to moneys in the fund.
1 19 Notwithstanding section 12C.7, moneys earned as income,
1 20 including as interest, from the fund shall remain in the fund
1 21 until expended as provided in this section.
1 22 6. To the extent that moneys are available in the fund,
1 23 the department shall provide assistance to qualified
1 24 applicants for purposes of financing capital improvements to
1 25 natural or constructed lakes including but not limited to
1 26 dredging, installation or repair of erosion control measures,
1 27 and land acquisition. In order to qualify for assistance, an
1 28 applicant must be a governmental body or nonprofit
1 29 organization based in the community where the lake is located,
1 30 be active in sponsoring improvements to the lake, and be
1 31 capable of managing or overseeing the project. Assistance
1 32 shall not be awarded to construct a new lake. The department
1 33 shall not allocate more than seven hundred fifty thousand
1 34 dollars from the fund to support any one project. In order to
1 35 qualify for assistance, an applicant must demonstrate that
2 1 existing or planned infrastructure and practices are capable
2 2 of preserving the improvements. In order to receive
2 3 assistance, an applicant must show that each dollar allocated
2 4 from the fund will be matched by one dollar contributed by a
2 5 source other than the state, as provided in the application
2 6 for assistance. Assistance shall be provided to qualified
2 7 applicants based on the order in which the department receives
2 8 the applications.
2 9 Sec. 2. APPROPRIATION. There is appropriated from the
2 10 rebuild Iowa infrastructure fund created pursuant to section
2 11 8.57 to the department of natural resources for the fiscal
2 12 year beginning July 1, 1998, and ending June 30, 1999, the
2 13 following amount, or so much thereof as is necessary, to be
2 14 used for the purpose designated:
2 15 For deposit in the Iowa lakes restoration fund created
2 16 pursuant to section 455A.31 be expended as provided in that
2 17 section:
2 18 .................................................. $ 10,000,000
2 19 EXPLANATION
2 20 This bill establishes an Iowa lakes restoration fund. The
2 21 purpose of the fund is to finance capital improvements to
2 22 natural or constructed lakes. According to the bill, an
2 23 applicant must be a governmental body or nonprofit
2 24 organization based in the community where the lake is located,
2 25 be active in sponsoring improvements to the lake, and be
2 26 capable of managing or overseeing the project. Assistance
2 27 cannot be awarded under the fund to construct a new lake. In
2 28 order to qualify for assistance, an applicant must demonstrate
2 29 that the applicant's existing or planned infrastructure and
2 30 practices are capable of preserving project improvements.
2 31 According to the bill, each dollar allocated from the fund to
2 32 finance a project must be matched by $1 contributed by a
2 33 source other than the state. The department cannot allocate
2 34 more than $750,000 from the fund to finance any one project.
2 35 The bill appropriates $10,000,000 from the rebuild Iowa
3 1 infrastructure fund to the department of natural resources for
3 2 the fiscal year beginning July 1, 1998, for purposes of
3 3 supporting the fund.
3 4 LSB 3400HH 77
3 5 da/sc/14.1
Text: HF02127 Text: HF02129 Text: HF02100 - HF02199 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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