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House Journal: Page 1644: Monday, April 28, 1997

 2   reprinted by the House, as follows:
 3     1.  Page 2, line 1, by inserting after the word
 4   "funds." the following:  "In selecting funds for
 5   investment, the board shall seek to maximize benefits
 6   which inure to seed and venture capital opportunities
 7   in Iowa."
 8     2.  Page 3, line 11, by inserting after the word
 9   "policies," the following:  "and".
10     3.  Page 3, line 18, by striking the words "cash
11   invested in" and inserting the following:  "net losses
12   incurred by".
13     4.  Page 3, line 19, by inserting after the word
14   "board." the following:  "The aggregate amount of tax
15   credits issued under this section shall not exceed
16   thirty million dollars."
17     5.  Page 3, line 25, by inserting after the word
18   "trust." the following:  "A taxpayer shall not claim
19   tax credits under this section which exceed the total
20   amount invested by the taxpayer in the Iowa capital
21   investment board."
22     6.  By renumbering, relettering, and redesignating
23   as necessary.
Weigel of Chickasaw offered the following amendment H-1963, to
the Senate amendment H-1958, filed by him from the floor and
moved its adoption:

H-1963

 1     Amend the Senate amendment, H-1958, to House File
 2   722, as amended, passed, and reprinted by the House,
 3   as follows:
 4     1.  Page 1, line 16, by striking the word "thirty"
 5   and inserting the following:  "ten".
Amendment H-1963 lost.
Weigel of Chickasaw offered the following amendment H-1964, to
the Senate amendment H-1958, filed by him from the floor and
moved its adoption:

H-1964

 1     Amend the Senate amendment, H-1958, to House File
 2   722, as amended, passed, and reprinted by the House,
 3   as follows:
 4     1.  Page 1, line 21, by inserting after the word
 5   "board" the following:  "and shall not claim tax
 6   credits of more than five hundred thousand dollars
 7   under this section".
Gipp of Winneshiek in the chair at 8:28 p.m.

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