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House Journal: Page 1756: Monday, April 24, 2000

20 to section 303.16. The rules shall include the
21 following conditions:
22 1. Investment loans shall be limited to projects
23 for a building restoration or rehabilitation located
24 in the central business district whose boundaries are
25 the same as the main street or rural main street or
26 central business district of a city which is a
27 certified local government project area.
28 2. Eligible borrowers are limited to the property
29 owner, contract purchaser of record, or long-term
30 lessee.
31 3. Loan applications under this program shall be
32 for the restoration or rehabilitation of buildings
33 which are eligible or nominated or listed on the
34 national register of historic places. Public
35 buildings are excluded.
36 4. The maximum loan amount under the main street
37 investments loan program is fifty thousand dollars per
38 project.
39 Sec. ___. NEW SECTION. 15E.222 APPLICATION
40 PROCESS.
41 Applicants shall be approved as a certified local
42 government by the department of cultural affairs under
43 the provisions of section 303.16 prior to submitting
44 applications to the department of economic development
45 for loans under the main street investments loan
46 program. The department of economic development shall
47 adopt rules pursuant to chapter 17A, in consultation
48 with the department of cultural affairs, to require
49 applicants to do the following:
50 1. Show evidence of preliminary design assistance.

Page 2

1 2. Show evidence of preliminary design review
2 approval from the local design review committee.
3 3. Submit project plans and specifications
4 prepared by a design professional with historic
5 preservation experience."
6 3. By numbering, renumbering, and correcting
7 internal references as necessary.

Amendment H-9024 lost.

Warnstadt of Woodbury offered the following amendment H-9013
filed by him and moved its adoption:

H-9013

1 Amend Senate File 2453, as amended, passed, and
2 reprinted by the Senate, as follows:


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