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House Journal: Page 1245: Friday, April 3, 1998

 5     5.  Title page, line 4, by inserting after the
 6   word "board," the following:  "auditor of state, Iowa
 7   housing corporation,".
 8     6.  By renumbering, relettering, or redesignating
 9   and correcting internal references as necessary.
Larson of Linn asked and received unanimous consent to withdraw
amendment H-8896, to the committee amendment H-8711, filed by
him from the floor.
Larson of Linn offered the following amendment H-8898, to the
committee amendment H-8711, filed by him from the floor and
moved its adoption:

H-8898

 1     Amend the amendment, H-8711, to Senate File 2296,
 2   as amended, passed, and reprinted by the Senate, as
 3   follows:
 4     1.  Page 1, by inserting after line 25 the
 5   following:
 6     "Sec. ___.  Section 15E.83, Code 1997, is amended
 7   to read as follows:
 8     15E.83  SEED CAPITAL CORPORATION.
 9     1.  The Iowa seed capital corporation shall be
10   incorporated under chapter 504A.  The purpose of the
11   corporation shall be to provide seed capital to start-
12   up and emerging growth companies in Iowa that are
13   bringing new products and processes to the
14   marketplace, and it shall be the goal of the
15   corporation to financially support the establishment
16   and growth of start-up and emerging growth companies
17   that can contribute to the economic diversity of the
18   state and provide general and specific economic
19   benefits to the state.  The corporation shall only
20   provide seed capital or financial assistance to Iowa
21   businesses.  The corporation shall not be regarded as
22   a state agency, except for purposes of chapters 17A
23   and 69, and a member of the board is not considered a
24   state employee, except for purposes of chapter 669.
25   An individual employed by the corporation is a state
26   employee for purposes of the Iowa public employees'
27   retirement system, state health and dental plans, and
28   other state employee benefit plans and chapter 669.
29   Chapters 8, 18, 19A, and 20 and other provisions of
30   law that relate to requirements or restrictions
31   dealing with state personnel or state funds do not
32   apply to the corporation and any employees of the
33   board or corporation except to the extent provided in
34   this division.  Chapters 21 and 22 shall apply to
35   activities of the corporation and to employees of the
36   board or corporation except to the extent provided in

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