Text: H09023 Text: H09025 Text: H09000 - H09099 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend Senate File 2453, as amended, passed, and 1 2 reprinted by the Senate, as follows: 1 3 #1. Page 2, by inserting after line 22 the 1 4 following: 1 5 "Of the amount appropriated in this subsection, 1 6 $200,000 shall be allocated for the main street 1 7 investments loan program established in section 1 8 15E.221, notwithstanding any provision of this 1 9 subsection to the contrary." 1 10 #2. Page 19, by inserting after line 27 the 1 11 following: 1 12 "Sec. . NEW SECTION. 15E.221 MAIN STREET 1 13 INVESTMENTS LOAN PROGRAM. 1 14 The department shall adopt rules to establish a 1 15 main street investments loan program to increase the 1 16 availability of lower cost funds to stimulate building 1 17 restorations or rehabilitations of historic buildings 1 18 within the central business district of a city which 1 19 is approved as a certified local government pursuant 1 20 to section 303.16. The rules shall include the 1 21 following conditions: 1 22 1. Investment loans shall be limited to projects 1 23 for a building restoration or rehabilitation located 1 24 in the central business district whose boundaries are 1 25 the same as the main street or rural main street or 1 26 central business district of a city which is a 1 27 certified local government project area. 1 28 2. Eligible borrowers are limited to the property 1 29 owner, contract purchaser of record, or long-term 1 30 lessee. 1 31 3. Loan applications under this program shall be 1 32 for the restoration or rehabilitation of buildings 1 33 which are eligible or nominated or listed on the 1 34 national register of historic places. Public 1 35 buildings are excluded. 1 36 4. The maximum loan amount under the main street 1 37 investments loan program is fifty thousand dollars per 1 38 project. 1 39 Sec. . NEW SECTION. 15E.222 APPLICATION 1 40 PROCESS. 1 41 Applicants shall be approved as a certified local 1 42 government by the department of cultural affairs under 1 43 the provisions of section 303.16 prior to submitting 1 44 applications to the department of economic development 1 45 for loans under the main street investments loan 1 46 program. The department of economic development shall 1 47 adopt rules pursuant to chapter 17A, in consultation 1 48 with the department of cultural affairs, to require 1 49 applicants to do the following: 1 50 1. Show evidence of preliminary design assistance. 2 1 2. Show evidence of preliminary design review 2 2 approval from the local design review committee. 2 3 3. Submit project plans and specifications 2 4 prepared by a design professional with historic 2 5 preservation experience." 2 6 #3. By numbering, renumbering, and correcting 2 7 internal references as necessary. 2 8 2 9 2 10 2 11 REYNOLDS of Van Buren 2 12 SF 2453.709 78 2 13 nh/cls
Text: H09023 Text: H09025 Text: H09000 - H09099 Text: H Index Bills and Amendments: General Index Bill History: General Index
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