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House Journal: Page 1621: Monday, April 28, 1997

11   economic development".
12     4.  Page 1, line 19, by striking the words "is a
13   designated urban" and inserting the following:  "meets
14   the requirements for eligibility for an urban or
15   rural".
16     5.  Page 1, lines 22 and 23, by striking the words
17   "within a designated urban" and inserting the
18   following:  "meeting the requirements for eligibility
19   for an urban or rural".
20     6.  Page 1, line 26, by striking the word "twenty-
21   five" and inserting the following:  "twenty-four".
22     7.  Page 1, line 26, by inserting after the word
23   "more" the following:  ", as shown by the 1990
24   certified federal census,".
25     8.  Page 1, line 27, by inserting after the word
26   "tracts" the following:  "or approved geographic
27   units".
28     9.  Page 1, line 28, by inserting after the word
29   "tracts" the following:  "or approved geographic
30   units".
31     10.  Page 1, line 31, by striking the word
32   "twenty-five" and inserting the following:  "twenty-
33   four".
34     11.  Page 1, line 31, by inserting after the word
35   "more" the following:  ", as shown by the 1990
36   certified federal census,".
37     12.  Page 2, line 33, by striking the word "one-
38   time".
39     13.  Page 2, line 34, by striking the word "is"
40   and inserting the following:  "will be".
41     14.  Page 3, line 5, by inserting after the word
42   "from" the following:  "two hundred fifty thousand
43   dollars of".
44     15.  Page 3, line 6, by inserting after the word
45   "paragraph" the following:  "of up to two hundred
46   fifty thousand dollars of the fair market value, as
47   established by an appraisal, of the building and
48   land".
49     16.  Page 3, by inserting after line 23 the
50   following:

Page 2  

 1     "3. If a business has received incentives or
 2   assistance under section 15E.186 and fails to maintain
 3   the requirements of subsection 1 to be an eligible
 4   business, the business is subject to repayment of all
 5   or a portion of the incentives and assistance that it
 6   has received.  The city or county, as applicable,
 7   shall have the authority to take action to recover the
 8   value of taxes not collected as a result of the
 9   exemption provided by the community to the business.
10   The department of revenue and finance shall have the

Iowa General Assembly

Index: House Journal (77th General Assembly: Session 1)

© 1997 Cornell College and League of Women Voters of Iowa

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Last update: Thu May 1 10:10:03 CDT 1997
URL: /DOCS/GA/77GA/Session.1/HJournal/01600/01621.html
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