Text: S03825 Text: S03827 Text: S03800 - S03899 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend House File 731, as amended, passed, and
1 2 reprinted by the House, as follows:
1 3 #1. By striking page 4, line 29, through page 6,
1 4 line 26, and inserting the following::
1 5 "VALUE-ADDED PRODUCTION ASSISTANCE – LOTTERY TRANSFER
1 6 Sec. . NEW SECTION. 15.321 VALUE-ADDED
1 7 PRODUCTION ASSISTANCE.
1 8 There is created in the community economic
1 9 betterment program account an ag-initiative 2000
1 10 subaccount. The ag-initiative 2000 subaccount shall
1 11 only be used to assist Iowa's agriculture producers in
1 12 establishing an equity position or interest in value-
1 13 adding production processes. Prior to providing this
1 14 assistance, the department shall determine all of the
1 15 following:
1 16 1. That the assistance would enhance economic
1 17 growth on a regional or statewide basis.
1 18 2. That the assistance would create and retain in
1 19 Iowa a greater percentage of the wealth being
1 20 generated for Iowa's agricultural production.
1 21 3. That the agricultural producers lack sufficient
1 22 capital to establish their own equity position or
1 23 interest without state assistance.
1 24 4. That any other private or public, whether
1 25 local, state, or federal, programs for which the
1 26 requested assistance would be eligible, have been used
1 27 to the fullest practical extent and need remains.
1 28 In addition to the above requirements, any assistance
1 29 provided from the ag-initiative 2000 subaccount must
1 30 be fully secured by a loan guarantee, letter of
1 31 credit, contractual commitment, or other security
1 32 deemed acceptable by the department.
1 33 Sec. . NEW SECTION. 15.322 EXISTING PROGRAM
1 34 ASSISTANCE.
1 35 Notwithstanding other provisions to the contrary,
1 36 existing financial assistance programs available
1 37 through the department are authorized to provide
1 38 assistance which would enable Iowa's agricultural
1 39 production and value-adding workers to establish an
1 40 equity position or interest in the agricultural value-
1 41 adding processes of the state.
1 42 Sec. . Section 15E.111, subsection 1, Code
1 43 1997, is amended by adding the following new
1 44 paragraph:
1 45 NEW PARAGRAPH. c. To undertake feasibility
1 46 studies related to the development of value-adding
1 47 processing facilities for commodity crops and
1 48 livestock produced in Iowa, to assist in organization
1 49 of innovative ownership, and management entities
1 50 related to such facilities where such entities are to
2 1 involve direct participation by producers or workers,
2 2 and to provide financial assistance for development of
2 3 such facilities in cases where the department finds
2 4 potential for significant benefit to be conferred upon
2 5 workers, producers, and rural regions of the state.
2 6 Sec. . LOTTERY TRANSFER. Notwithstanding the
2 7 requirement in section 99E.10, subsection 1, to
2 8 transfer lottery revenue remaining after expenses are
2 9 deducted, notwithstanding the requirement under
2 10 section 99E.20, subsection 2, for the commissioner to
2 11 certify and transfer a portion of the lottery fund to
2 12 the CLEAN fund, and notwithstanding the appropriations
2 13 and allocations in section 99E.34, all lottery
2 14 revenues received during the fiscal year beginning
2 15 July 1, 1997, and ending June 30, 1998, after
2 16 deductions as provided in section 99E.10, subsection
2 17 1, and as appropriated under any Act of the Seventy-
2 18 seventh General Assembly, 1997 Session, shall not be
2 19 transferred to and deposited into the CLEAN fund but
2 20 the first $25 million shall be transferred and
2 21 credited to the ag-initiative 2000 subaccount created
2 22 in section 15.321 and the remaining amount shall be
2 23 transferred and credited to the general fund of the
2 24 state."
2 25 #2. By renumbering as necessary.
2 26
2 27
2 28
2 29 STEWART IVERSON, Jr.
2 30 DERRYL McLAREN
2 31 WILMER RENSINK
2 32 KITTY REHBERG
2 33 JOHN W. JENSEN
2 34 MARY A. LUNDBY
2 35 EUGENE S. FRAISE
2 36 ROD HALVORSON
2 37 PATTY JUDGE
2 38 JOHN P. KIBBIE
2 39 MARY LOU FREEMAN
2 40 MERLIN E. BARTZ
2 41 JoANN DOUGLAS
2 42 NANCY BOETTGER
2 43 LARRY McKIBBEN
2 44 JEFF ANGELO
2 45 HF 731.712 77
2 46 mg/sc/28
Text: S03825 Text: S03827 Text: S03800 - S03899 Text: S Index Bills and Amendments: General Index Bill History: General Index
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