Text: HF00561 Text: HF00563 Text: HF00500 - HF00599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 15A.1, Code 1999, is amended by adding 1 2 the following new subsection: 1 3 NEW SUBSECTION. 4. Public funds used for grants, loans, 1 4 tax incentives, or other financial assistance for economic 1 5 development shall be disbursed without discrimination or 1 6 without the use of terms or conditions which are more onerous 1 7 than those regularly extended to persons of similar economic 1 8 backgrounds and based on an applicant's age, color, creed, 1 9 national origin, race, religion, martial status, sex, physical 1 10 disability, or familial status. In addition, each public 1 11 agency shall adopt a goal of utilizing ten percent of program 1 12 moneys to assist targeted small businesses as defined in 1 13 section 15.102. 1 14 EXPLANATION 1 15 This bill requires that any public funds used for economic 1 16 development financial assistance shall be disbursed without 1 17 discrimination or without using terms or conditions more 1 18 onerous than those regularly extended to persons of similar 1 19 economic backgrounds. The bill requires each public agency to 1 20 adopt goals of utilizing 10 percent of program moneys to 1 21 assist targeted small businesses. A targeted small business 1 22 is a small business which is 51 percent or more owned, 1 23 operated, and actively managed by one or more women, minority 1 24 persons, or persons with a disability provided the business 1 25 meets certain criteria. 1 26 LSB 2854HH 78 1 27 tm/jw/5
Text: HF00561 Text: HF00563 Text: HF00500 - HF00599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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