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House Journal: Page 1891: Tuesday, April 21, 1998

appropriated to the total amount of refund claims.  Any unpaid
portion of a claim shall not be paid from a subsequent fiscal
year appropriation.
4.  The department of economic development shall consult with
the department of revenue and finance for purposes of this
section.  The department of economic development shall adopt
rules as deemed necessary to carry out the purposes of the
certified school to career program.
Sec. 20.  NEW SECTION.  15.366  CUSTOMER TRACKING SYSTEM.
All participants and sponsors participating in a certified
school to career program shall be included in the customer
tracking system implemented by the department of workforce
development pursuant to section 84A.5.
Sec. 21.  NEW SECTION.  15.367  REPEAL.
This part of chapter 15 is repealed June 30, 2004.  However, any
contracts in existence on June 30, 2004, shall continue to be
valid and each party to such contract is obligated to perform as
required under such contract.  However, no employer is entitled
to any payroll expenditure refund for payroll expenditures
incurred after December 31, 2002.
Sec. 22.  NEW SECTION.  15A.8  LOANS PAYABLE FROM NEW JOBS
CREDIT FROM WITHHOLDING.
1.  As an additional means to provide moneys for the payment of
the costs of a new jobs training project or multiple projects
under chapter 260E and this chapter, a community college may
make an advance or loan, including an interfund transfer or a
loan from moneys on hand and legally available, to be paid from
the same sources and secured in the same manner as certificates
described in sections 15A.7 and 260E.6.
2.  Revenues from a job training agreement received prior to the
completion by a business of its repayment obligation for a
project and not pledged to certificates, loans, or advances, and
not necessary for the payment of principal and interest maturing
on such certificates, loans, or advances, may be applied by the
community college to the reduction of any other outstanding
certificates, loans, or advances.
Sec. 23.  Section 15E.83, Code 1997, is amended to read as
follows:
15E.83  SEED CAPITAL CORPORATION.
1.  The Iowa seed capital corporation shall be incorporated
under chapter 504A.  The purpose of the corporation shall be
to provide seed capital to start-up and emerging growth
companies in Iowa that are bringing new products and processes
to the marketplace, and it shall be the goal of the corporation
to financially support the establishment and growth of start-up
and emerging growth companies that can contribute to the
economic diversity of the state and provide general and specific
economic benefits to the state.  The corporation shall only
provide seed capital or financial assistance to Iowa businesses.
 The corporation shall not be regarded as a state agency, except
for purposes of chapters 17A and 69, and a member of the board
is not considered a state employee, except for purposes of
chapter 669.  An individual employed by the corporation is a
state employee for purposes of the Iowa public employees'
retirement system, state health and dental plans, and other
state employee benefit plans and chapter 669. Chapters 8, 18,
19A, and 20 and other provisions of law that relate to
requirements or restrictions dealing with state personnel or
state funds do not apply to the corporation and any employees of
the 

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Last update: Wed Apr 22 13:40:08 CDT 1998
URL: /DOCS/GA/77GA/Session.2/HJournal/01800/01891.html
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