House Journal: Page 1900: Thursday, April 29, 1999

 8   adopted pursuant to section 12.34."

 9     9.  Page 5, by inserting before line 6 the
10   following:
11     "Sec. ___.  CURRENT INVESTMENT AGREEMENTS.  The
12   treasurer of state shall not renew a certificate of
13   deposit in an eligible lending institution, if the
14   total term for the certificate of deposit exceeds the
15   requirements of section 12.34, subsection 3, as
16   amended by this Act.  However, nothing in this Act
17   shall affect the terms or conditions of an investment
18   agreement executed by the treasurer of state with an
19   eligible lending institution that is in effect on the
20   effective date of this Act.
21     Sec. ___.  AGENCY REVIEW OF LINKED INVESTMENT FOR
22   TOMORROW ACT PROGRAMS.
23     1.  The department of economic development and the
24   department of agriculture and land stewardship shall
25   include a review of the linked investments for
26   tomorrow Act.
27     a.  The department of economic development shall
28   conduct a review of the rural small business transfer
29   linked investment loan program as provided in section
30   12.40 the focused small business linked investments
31   program as provided in section 12.43, and the value-
32   added agricultural linked investment loan program as
33   provided in section 12.43B.
34     b.  The department of agriculture and land
35   stewardship shall conduct a review of the
36   horticultural and nontraditional crops linked
37   investment loan program as provided in section 12.41,
38   and the traditional livestock producers linked
39   investment loan program as provided in section 12.43A.
40     2.  In conducting the reviews, each department
41   shall investigate the economic conditions that could
42   justify the program under review and the need for the
43   continuation or modification of the program.  The
44   departments shall jointly review the allocation of
45   moneys to the programs.
46     3.  The departments shall submit a combined report
47   to the department of management which shall forward
48   the report to the treasurer of state and to the
49   general assembly on or before February 1, 2000.  The
50   report shall include findings and any recommendations.
Page 4
 1   The report shall include a recommendation regarding
 2   the allocation of moneys to the programs."
 3     10.  Page 5, lines 6 and 7, by striking the words
 4   "Except as otherwise provided in this Act, this" and
 5   inserting the following:  "This".
 6     11.  Title page, by striking lines 1 and 2 and

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