Text: S03148 Text: S03150 Text: S03100 - S03199 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend Senate File 488 as follows:
1 2 #1. By striking page 1, line 12, through page 2,
1 3 line 30, and inserting the following:
1 4 "2. A blufflands protection revolving fund is
1 5 created in the state treasury. The proceeds of the
1 6 revolving fund are appropriated to make loans to
1 7 conservation organizations which agree to purchase
1 8 conservation easements on blufflands along the
1 9 Mississippi river or to purchase blufflands along the
1 10 Mississippi river for resale with restrictive
1 11 covenants attached to the property. The
1 12 administrative director of the division of soil
1 13 conservation shall administer the revolving fund.
1 14 Notwithstanding section 12C.7, interest or earnings on
1 15 investments made pursuant to this section or as
1 16 provided in section 12B.10 shall be credited to the
1 17 blufflands protection revolving fund. Notwithstanding
1 18 section 8.33, unobligated or unencumbered funds
1 19 credited to the blufflands protection revolving fund
1 20 shall not revert at the close of a fiscal year.
1 21 However, the maximum balance in the blufflands
1 22 protection fund shall not exceed two million five
1 23 hundred thousand dollars. Any funds in excess of two
1 24 million five hundred thousand dollars shall be
1 25 credited to the general fund of the state.
1 26 3. The administrative director of the division
1 27 shall establish a blufflands protection program to
1 28 demonstrate creative land protection techniques and
1 29 encourage private landowners to protect the natural
1 30 beauty of the blufflands along the Mississippi river.
1 31 The commissioners of each soil and water conservation
1 32 district which has a boundary which is coterminous
1 33 with the Mississippi river shall cooperate with and
1 34 assist the director in administering the blufflands
1 35 protection program within their respective districts.
1 36 The director shall provide, by rule, for a uniform
1 37 application form, the content of the form, provisions
1 38 for a loan agreement model conservation easement and
1 39 restrictive covenant requirements for blufflands, and
1 40 minimum qualifications of conservation organizations
1 41 which are eligible to participate in the blufflands
1 42 protection program. The administrative director shall
1 43 specify the eligible purposes for which a loan
1 44 authorized under this section can be expended
1 45 including, but not limited to, the purchase of
1 46 blufflands, the acquisition of conservation easements
1 47 on blufflands, the establishment of landowner
1 48 associations, payment for loss of land value due to
1 49 restrictive covenants, and payment for administrative
1 50 and legal costs.
2 1 4. An applicant for a loan from the blufflands
2 2 protection revolving fund shall apply to the soil and
2 3 water conservation district of the county in which the
2 4 bluffland is located. The application shall be on
2 5 forms prepared by the division and shall include the
2 6 information required by rule of the division. Each
2 7 conservation organization which applies for a loan
2 8 under this section shall demonstrate its financial
2 9 capability to qualify for a loan to the commissioners
2 10 and its commitment to natural resource protection and
2 11 appropriate development. If there is a loss of value
2 12 of a blufflands protection project funded under this
2 13 section resulting from restrictive covenants, the
2 14 conservation organization shall be forgiven seventy-
2 15 five percent of the amount of the loss not exceeding
2 16 the amount of the loan. If a loan is used to purchase
2 17 a conservation easement on a blufflands protection
2 18 project, the conservation organization shall be
2 19 forgiven seventy-five percent of the loan. The
2 20 application shall be reviewed and feasibility of the
2 21 proposed project shall be investigated by the
2 22 commissioners of the district and its report and
2 23 recommendation shall be sent to the administrative
2 24 director and the committee for approval."
2 25
2 26
2 27
2 28 MIKE CONNOLLY
2 29 SF 488.201 77
2 30 tj/jj/28
Text: S03148 Text: S03150 Text: S03100 - S03199 Text: S Index Bills and Amendments: General Index Bill History: General Index
Iowa General Assembly
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