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House Journal: Page 1622: Monday, April 28, 1997

11   authority to recover the value of state taxes or
12   incentives provided under section 15E.186.  The value
13   of state incentives provided under section 15E.186
14   includes applicable interest and penalties.  The
15   department of economic development and the city and
16   county, as applicable, shall enter into agreement with
17   the business specifying the method for determining the
18   amount of incentives or assistance paid which will be
19   repaid in the event of failure to maintain the
20   requirements of subsection 1.  In addition, a business
21   that fails to maintain the requirements of subsection
22   1 shall not receive incentives or assistance for each
23   year during which the business is not in compliance."
24     17.  Page 4, by inserting after line 15 the
25   following:
26     "e.  The area is a blighted area, as defined in
27   section 403.17."
28     18.  Page 4, line 34, by striking the words "a
29   designated urban" and inserting the following:  "an
30   area meeting the requirements for eligibility for an
31   urban or rural".
32     19.  Page 5, line 9, by inserting after the word
33   "requirements" the following:  ", including
34   requirements related to compensation and benefits,".
35     20.  Page 7, line 11, by inserting after the words
36   "of the" the following:  "value added to the".
37     21.  Page 7, line 13, by inserting after the word
38   "business." the following:  "The amount of value added
39   for purposes of this subsection shall be the amount of
40   the increase in assessed valuation of the property
41   following the location or expansion of the business in
42   the enterprise zone."
43     22.  Page 7, by inserting after line 17 the
44   following:
45     "Sec. ___.  1997 Iowa Acts, House File 655, section
46   1, subsection 2, paragraph a, unnumbered paragraph 1,
47   is amended to read as follows:
48     For salaries, support, maintenance, miscellaneous
49   purposes, for not more than the following full-time
50   equivalent positions, for allocating $495,000 to

Page   3

 1   support activities in conjunction with the Iowa
 2   manufacturing technology center, $150,000 to the
 3   graphic arts center, and $100,000 to the university of
 4   northern Iowa for operation of industrial technology
 5   programs at the ag based industrial lubrication
 6   center:
 7  		 $	   3,916,397
 8                                                        
	3,996,897
 9  		 FTEs	      17.76
10                                                              
	19.26"

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/01600/01622.html
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