House Journal: Page 1361: Monday, April 10, 2000
6 approved by the economic development board. The plan
7 may be amended at any time and approved by the board
8 pursuant to section 15.104.
9 c. The person has filed a notice with the economic
10 development board as required by the board. The
11 notice shall state that the person is a successor in
12 interest. The notice must be filed with the board
13 within thirty days following the person's acquisition
14 of the interest.
15 d. The person must file a report as a life science
16 enterprise with the secretary of state as provided in
17 section 10B.4.
18 Sec. 8. Section 15.104, Code 1999, is amended by
19 adding the following new subsection:
20 NEW SUBSECTION. 4A. Review and approve or
21 disapprove a life science enterprise plan or
22 amendments to that plan as provided in chapter 10C as
23 that chapter exists on or before June 30, 2004, and
24 according to rules adopted by the board. a life
25 science plan shall make a reasonable effort to provide
26 for participation by persons who are individuals or
27 family farm entities actively engaged in farming as
28 defined in section 10.1. The persons may participate
29 in the life science enterprise by holding an equity
30 position in the life science enterprise or providing
31 goods or service to the enterprise under contract.
32 The plan must be filed with the board not later than
33 June 30, 2004. The life science enterprise may file
34 an amendment to a plan at any time. a life science
35 enterprise is not eligible to file a plan, unless the
36 life science enterprise files a notice with the board.
37 The notice shall be a simple statement indicating that
38 the life science enterprise may file a plan as
39 provided in this section. The notice must be filed
40 with the board not later than June 30, 2001. The
41 notice, plan, or amendments shall be submitted by a
42 life science enterprise as provided by the board. The
43 board shall consult with the department of agriculture
44 and land stewardship during its review of a life
45 science plan or amendments to that plan. The plan
46 shall include information regarding the life science
47 enterprise as required by rules adopted by the board,
48 including but not limited to all of the following:
49 a. a description of life science products to be
50 developed by the enterprise.
Page 5
1 b. The time frame required by the enterprise to
2 develop the life science products.
3 c. The amount of capital investment required by
4 the enterprise to develop the life science products.
© 2000 Cornell College and
League of Women Voters of Iowa
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