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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