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House Journal: Page 1860: Tuesday, April 21, 1998

40   carry out the purposes of the certified school to
41   career program.
42     Sec. 21.  NEW SECTION.  15.366  CUSTOMER TRACKING
43   SYSTEM.
44     All participants and sponsors participating in a
45   certified school to career program shall be included
46   in the customer tracking system implemented by the
47   department of workforce development pursuant to
48   section 84A.5.
49     Sec. 22.  NEW SECTION.  15.367  REPEAL.
50     This part of chapter 15 is repealed June 30, 2004.

Page 20

 1   However, any contracts in existence on June 30, 2004,
 2   shall continue to be valid and each party to such
 3   contract is obligated to perform as required under
 4   such contract.  However, no employer is entitled to
 5   any payroll expenditure refund for payroll
 6   expenditures incurred after December 31, 2002.
 7     Sec. 23.  NEW SECTION.  15A.8  LOANS PAYABLE FROM
 8   NEW JOBS CREDIT FROM WITHHOLDING.
 9     1.  As an additional means to provide moneys for
10   the payment of the costs of a new jobs training
11   project or multiple projects under chapter 260E and
12   this chapter, a community college may make an advance
13   or loan, including an interfund transfer or a loan
14   from moneys on hand and legally available, to be paid
15   from the same sources and secured in the same manner
16   as certificates described in sections 15A.7 and
17   260E.6.
18     2.  Revenues from a job training agreement received
19   prior to the completion by a business of its repayment
20   obligation for a project and not pledged to
21   certificates, loans, or advances, and not necessary
22   for the payment of principal and interest maturing on
23   such certificates, loans, or advances, may be applied
24   by the community college to the reduction of any other
25   outstanding certificates, loans, or advances.
26     Sec. 24.  Section 15E.83, Code 1997, is amended to
27   read as follows:
28     15E.83  SEED CAPITAL CORPORATION.
29     1.  The Iowa seed capital corporation shall be
30   incorporated under chapter 504A.  The purpose of the
31   corporation shall be to provide seed capital to start-
32   up and emerging growth companies in Iowa that are
33   bringing new products and processes to the
34   marketplace, and it shall be the goal of the
35   corporation to financially support the establishment
36   and growth of start-up and emerging growth companies
37   that can contribute to the economic diversity of the
38   state and provide general and specific economic
39   benefits to the state.  The corporation shall only

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