Text: HSB00074 Text: HSB00076 Text: HSB00000 - HSB00099 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 8.57, subsection 5, paragraph e, Code 1 2 1999, is amended to read as follows: 1 3 e. Notwithstanding provisions to the contrary in sections 1 4 99D.17 and 99F.11, fortheeach fiscalyears beginning July 1,1 51995, and July 1, 1996,year not more than a total of sixty 1 6 million dollars; and for each fiscal year thereafter;shall be 1 7 deposited in the general fund of the statein any fiscal year1 8 pursuant to sections 99D.17 and 99F.11 and ten million dollars 1 9 shall be deposited in the community attraction and tourism 1 10 development fund established in section 15.372. The total 1 11 moneys in excess of the moneys deposited in the general fund 1 12 and in the community attraction and tourism development fund 1 13 in a fiscal year shall be deposited in the infrastructure fund 1 14 and shall be used as provided in this section, notwithstanding 1 15 section 8.60. 1 16 Sec. 2. NEW SECTION. 15.371 COMMUNITY ATTRACTION AND 1 17 TOURISM DEVELOPMENT PROGRAM. 1 18 1. The department shall establish and administer a 1 19 community attraction and tourism development program to assist 1 20 communities in the development and creation of multiple 1 21 purpose attraction and tourism facilities and to further the 1 22 development of marketing efforts and promotion of existing 1 23 Iowa tourism attractions and events. 1 24 2. Only a political subdivision of the state may submit an 1 25 application to the department for financial assistance for a 1 26 project under the program. The assistance shall be in the 1 27 form of grants, loans, forgivable loans, and loan guarantees. 1 28 The application shall include, but not be limited to, the 1 29 following information: 1 30 a. The total capital investment of the project. 1 31 b. The amount or percentage of local and private matching 1 32 moneys which will be provided for the project. 1 33 c. The total number of jobs to be created or retained by 1 34 the project. 1 35 d. The need of the community for the project and the 2 1 financial assistance. 2 2 e. The long-term tax generating impact of the project. 2 3 Sec. 3. NEW SECTION. 15.372 COMMUNITY ATTRACTION AND 2 4 TOURISM DEVELOPMENT FUND. 2 5 1. The department may establish a community attraction and 2 6 tourism development fund consisting of any moneys appropriated 2 7 by the general assembly for that purpose and any other moneys 2 8 available to and obtained or accepted by the department for 2 9 placement in the fund. 2 10 2. Payments of interest, repayments of moneys loaned 2 11 pursuant to this division, and recaptures of awards shall be 2 12 deposited in the fund. 2 13 3. The fund may be used for any of the following purposes: 2 14 a. To provide grants, loans, forgivable loans, and loan 2 15 guarantees under the community attraction and tourism 2 16 development program established in section 15.371. 2 17 b. To provide for tourism advertising and community 2 18 attraction and tourism development program marketing and 2 19 administrative costs. In order to determine the marketing 2 20 allocation, at the beginning of each fiscal year, the 2 21 department shall determine the current average regional 2 22 tourism advertising budget of contiguous states. The 2 23 allocation of marketing expenditures under this paragraph 2 24 shall be equivalent to the average regional state tourism 2 25 advertising budget minus the current tourism advertising 2 26 placement budget of the department. 2 27 Sec. 4. NEW SECTION. 15.373 COMMUNITY ATTRACTION AND 2 28 TOURISM DEVELOPMENT PROGRAM REVIEW COMMITTEE – APPLICATION 2 29 REVIEW. 2 30 1. A community attraction and tourism development program 2 31 review committee is established consisting of ten members. 2 32 The director shall appoint three members from the travel 2 33 federation of Iowa representing three tourism regions, two 2 34 members from gaming facilities representing riverboats and 2 35 race tracks, one member from an association with expertise in 3 1 the vertical infrastructure industry, and one member of the 3 2 Iowa economic development board. The remaining three members 3 3 shall consist of one member appointed by the administrator of 3 4 the parks and preserves division of the department of natural 3 5 resources, one member appointed by the administrator of the 3 6 historical division of the department of cultural affairs, and 3 7 one member appointed by the director of transportation. 3 8 2. The community attraction and tourism development 3 9 program review committee shall review applications for 3 10 community attraction and tourism development fund assistance 3 11 and make recommendations to the department regarding the 3 12 applications. Upon review of the recommendations of the 3 13 committee, the department shall approve, defer, or deny the 3 14 application. 3 15 3. When reviewing the applications, the community 3 16 attraction and tourism development program review committee 3 17 and the department shall consider, at a minimum, all of the 3 18 following: 3 19 a. Whether the wages, benefits, including health benefits, 3 20 safety, and other attributes of the project would improve the 3 21 quality of attraction and tourism employment in the community. 3 22 b. The extent to which such a project would generate 3 23 additional attraction and tourism opportunities. 3 24 c. The ability of the project to produce a long-term tax 3 25 generating economic impact. 3 26 Sec. 5. This Act, being deemed of immediate importance, 3 27 takes effect upon enactment. 3 28 EXPLANATION 3 29 This bill establishes the community attraction and tourism 3 30 development program. The bill provides that the program will 3 31 assist communities in the development and creation of multiple 3 32 purpose attraction and tourism facilities and to further the 3 33 development of marketing efforts and promotion of existing 3 34 Iowa tourism attractions and events. Only a political 3 35 subdivision of the state may submit an application for 4 1 financial assistance under the program. The bill provides 4 2 that all applications are initially reviewed by the 10-member 4 3 community attraction and tourism development program review 4 4 committee. After reviewing the recommendations by the 4 5 committee, the department is required to approve, defer, or 4 6 deny the application. The bill provides that criteria which 4 7 are to be considered in reviewing the application include the 4 8 projected employment impact of the project, the projected 4 9 attraction and tourism opportunities generated by the project, 4 10 and the projected economic impact of the project. 4 11 The bill also establishes the community attraction and 4 12 tourism development fund. The bill provides that the fund is 4 13 to be used for funding projects under the community attraction 4 14 and tourism development program and for tourism advertising 4 15 and community attraction and tourism development program 4 16 marketing and administrative costs. The bill provides that 4 17 $10 million shall be appropriated from the rebuild Iowa 4 18 infrastructure fund each fiscal year. 4 19 The bill takes effect upon enactment. 4 20 LSB 1320DP 78 4 21 tm/gg/8.1
Text: HSB00074 Text: HSB00076 Text: HSB00000 - HSB00099 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
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