Text: H01797 Text: H01799 Text: H01700 - H01799 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 742 as follows: 1 2 #1. Page 15, by inserting after line 23, the 1 3 following: 1 4 "Sec. 101. Section 8.57, subsection 5, paragraph 1 5 e, Code 2001, is amended by adding the following new 1 6 unnumbered paragraph: 1 7 NEW UNNUMBERED PARAGRAPH. If the total amount of 1 8 moneys directed to be deposited in the general fund of 1 9 the state under sections 99D.17 and 99F.11 in a fiscal 1 10 year is less than the total amount of moneys directed 1 11 to be deposited in the vision Iowa fund and the school 1 12 infrastructure fund in the fiscal year pursuant to 1 13 this paragraph "e", the difference shall be paid from 1 14 lottery revenues in the manner provided in section 1 15 99E.10, subsection 3. 1 16 Sec. . Section 12.73, Code 2001, is amended to 1 17 read as follows: 1 18 12.73 VISION IOWA FUND MONEYS – ADMINISTRATIVE 1 19 COSTS. 1 20 During the term of the vision Iowa program 1 21 established in section 15F.302,onetwo hundred 1 22 thousand dollars of the moneys deposited each fiscal 1 23 year in the vision Iowa fund and appropriated for the 1 24 vision Iowa program shall be allocated each fiscal 1 25 year to the department of economic development for 1 26 administrative costs incurred by the department for 1 27 purposes of administering the vision Iowa program. 1 28 Sec. 102. Section 12.74, subsection 2, Code 2001, 1 29 is amended by striking the subsection. 1 30 Sec. 103. Section 12.84, subsection 2, Code 2001, 1 31 is amended by striking the subsection. 1 32 Sec. 104. Section 15F.202, subsection 2, 1 33 unnumbered paragraph 1, Code 2001, is amended to read 1 34 as follows: 1 35 A city or county in the state or public 1 36 organization may submit an application to the board 1 37 for financial assistance for a project under the 1 38 program. The assistance shall be provided only from 1 39 funds, rights, and assets legally available to the 1 40 board and shall be in the form of grants, loans, 1 41 forgivable loans, andloan guaranteescredit 1 42 enhancement and financing instruments. The 1 43 application shall include, but not be limited to, the 1 44 following information: 1 45 Sec. 105. Section 15F.202, subsection 3, Code 1 46 2001, is amended to read as follows: 1 47 3. A school district, in cooperation with a city 1 48 or county, may submit a joint application for 1 49 financial assistance for a project under the program. 1 50 The assistance shall be provided only from funds, 2 1 rights, and assets legally available to the board and 2 2 shall be in the form of grants, loans, forgivable 2 3 loans, andloan guaranteescredit enhancement and 2 4 financing instruments. In addition to the information 2 5 required in subsection 2, the application shall 2 6 include a demonstration that the intended future use 2 7 of the project shall be by both joint applicants." 2 8 #2. Page 15, by inserting after line 30, the 2 9 following: 2 10 "Sec. 106. Section 15F.204, subsection 3, Code 2 11 2001, is amended to read as follows: 2 12 3. The fund shall be used to provide assistance 2 13 only from funds, rights, and assets legally available 2 14 to the board in the form of grants, loans, forgivable 2 15 loans, andloan guaranteescredit enhancements and 2 16 financing instruments under the community attraction 2 17 and tourism program established in section 15F.202. 2 18 An applicant under the community attraction and 2 19 tourism program shall not receive financial assistance 2 20 from the fund in an amount exceeding fifty percent of 2 21 the total cost of the project. 2 22 Sec. 107. Section 15F.302, subsection 2, 2 23 unnumbered paragraph 1, Code 2001, is amended to read 2 24 as follows: 2 25 A city or county or a public organization in the 2 26 state may submit an application to the board for 2 27 financial assistance for a project under the program. 2 28 For purposes of this subsection, "public organization" 2 29 means a nonprofit economic development organization or 2 30 other nonprofit organization that sponsors or supports 2 31 community or tourism attractions and activities. The 2 32 financial assistance from the fund shall be provided 2 33 only from funds, rights, and assets legally available 2 34 to the board and shall be in the form of grants, 2 35 loans, forgivable loans, pledges, andguarantees2 36 credit enhancements and financing instruments. The 2 37 application shall include, but not be limited to, the 2 38 following information: 2 39 Sec. 108. Section 15F.302, subsection 3, Code 2 40 2001, is amended to read as follows: 2 41 3. A school district, in cooperation with a city 2 42 or county, may submit a joint application for 2 43 financial assistance for a project under the program. 2 44 The financial assistance shall be provided only from 2 45 funds, rights, and assets legally available to the 2 46 board and shall be in the form of grants, loans, 2 47 forgivable loans, andloan guaranteescredit 2 48 enhancements and financing instruments. In addition 2 49 to the information required in subsection 2, the 2 50 application shall include a demonstration that the 3 1 intended future use of the project shall be by both 3 2 joint applicants. 3 3 Sec. 109. Section 15F.304, subsection 4, Code 3 4 2001, is amended to read as follows: 3 5 4. Upon review of the recommendations of the 3 6 review committee, the board shall approve, defer, or 3 7 deny the applications. If an application is approved, 3 8 the board may enter into an agreement with the 3 9 applicant to provide financial assistance authorized 3 10 under section 15F.302, including entering into a loan 3 11 agreement with a city pursuant to section 384.24A, a 3 12 loan agreement with a county pursuant to section 3 13 331.402, or a joint loan agreement with a school 3 14 district and a city or county. 3 15 Sec. 110. Section 99E.10, Code 2001, is amended by 3 16 adding the following subsection: 3 17 NEW SUBSECTION. 3. a. Notwithstanding subsection 3 18 1, if gaming revenues under sections 99D.17 and 99F.11 3 19 are insufficient in a fiscal year to meet the total 3 20 amount of such revenues directed to be deposited in 3 21 the vision Iowa fund and the school infrastructure 3 22 fund during the fiscal year pursuant to section 8.57, 3 23 subsection 5, paragraph "e", the difference shall be 3 24 paid from lottery revenues prior to deposit of the 3 25 lottery revenues in the general fund. If lottery 3 26 revenues are insufficient during the fiscal year to 3 27 pay the difference, the remaining difference shall be 3 28 paid from lottery revenues in subsequent fiscal years 3 29 as such revenues become available. 3 30 b. The treasurer of state shall, each quarter, 3 31 prepare an estimate of the gaming revenues and lottery 3 32 revenues that will become available during the 3 33 remainder of the appropriate fiscal year for the 3 34 purposes described in paragraph "a". The department 3 35 of management and the department of revenue and 3 36 finance shall take appropriate actions to provide that 3 37 the amount of gaming revenues and lottery revenues 3 38 that will be available during the remainder of the 3 39 appropriate fiscal year is sufficient to cover any 3 40 anticipated deficiencies." 3 41 #3. Page 17, by inserting after line 5, the 3 42 following: 3 43 "Sec. 111. Section 331.402, subsection 3, Code 3 44 2001, is amended by adding the following new paragraph 3 45 f and relettering the subsequent paragraph: 3 46 NEW PARAGRAPH. f. The governing body may 3 47 authorize a loan agreement described in section 3 48 331.441, subsection 2, paragraph "b", subparagraph 3 49 (15), in accordance with the following procedures: 3 50 (1) The governing body shall cause a notice of the 4 1 proposal to enter into a loan agreement, including a 4 2 statement of the amount and purpose of the loan 4 3 agreement, together with the right to petition for an 4 4 election, to be published at least ten days prior to 4 5 the meeting at which it is proposed to take action to 4 6 enter into the loan agreement. 4 7 (2) If at any time before the date fixed to take 4 8 action to enter into the loan agreement a petition is 4 9 filed with the auditor in the manner provided by 4 10 section 331.306 asking that the question of entering 4 11 into the loan agreement be submitted to the registered 4 12 voters of the county, the board shall either by 4 13 resolution declare the proposal to enter into the loan 4 14 agreement to have been abandoned or shall direct the 4 15 county commissioner of elections to call a special 4 16 election upon the question of entering into the loan 4 17 agreement. 4 18 (3) If a petition under subparagraph (2) is not 4 19 filed or if a petition is filed and the proposition of 4 20 entering into the loan agreement is approved by a 4 21 majority of the vote cast in the special election, the 4 22 board may proceed and enter into the loan agreement. 4 23 Sec. 112. Section 331.441, subsection 2, paragraph 4 24 b, Code 2001, is amended by adding the following new 4 25 subparagraph: 4 26 NEW SUBPARAGRAPH. (15) The entrance into a loan 4 27 agreement with the vision Iowa board for a project 4 28 that is not otherwise defined as an essential county 4 29 purpose and that has been approved under the vision 4 30 Iowa program to receive loan assistance from the 4 31 vision Iowa board. 4 32 Sec. 113. Section 384.24, subsection 3, Code 2001, 4 33 is amended by adding the following new paragraph: 4 34 NEW PARAGRAPH. v. The entrance into a loan 4 35 agreement with the vision Iowa board for a project 4 36 that is not otherwise defined as an essential 4 37 corporate purpose and that has been approved under the 4 38 vision Iowa program to receive loan assistance from 4 39 the vision Iowa board. 4 40 Sec. 114. Section 384.24A, Code 2001, is amended 4 41 by adding the following new subsection 6 and 4 42 renumbering the subsequent subsection: 4 43 NEW SUBSECTION. 6. The governing body may 4 44 authorize a loan agreement described in section 4 45 384.24, subsection 3, paragraph "v", in accordance 4 46 with the following procedures: 4 47 a. The governing body shall cause a notice of the 4 48 proposal to enter into a loan agreement, including a 4 49 statement of the amount and purpose of the loan 4 50 agreement, together with the right to petition for an 5 1 election, to be published at least once in a newspaper 5 2 of general circulation within the city at least ten 5 3 days prior to the meeting at which it is proposed to 5 4 take action to enter into the loan agreement. 5 5 b. If at any time before the date fixed to take 5 6 action to enter into the loan agreement a petition is 5 7 filed with the clerk of the city in the manner 5 8 provided by section 362.4 asking that the question of 5 9 entering into the loan agreement be submitted to the 5 10 registered voters of the city, the governing body 5 11 shall either by resolution declare the proposal to 5 12 enter into the loan agreement to have been abandoned 5 13 or shall direct the county commissioner of elections 5 14 to call a special election upon the question of 5 15 entering into the loan agreement. 5 16 c. If a petition under paragraph "b" is not filed 5 17 or if a petition is filed and the proposition of 5 18 entering into the loan agreement is approved by a 5 19 majority of the vote cast in the special election, the 5 20 governing body may proceed and enter into the loan 5 21 agreement." 5 22 #4. Page 17, by inserting after line 16, the 5 23 following: 5 24 "Sec. . EFFECTIVE DATE. The following 5 25 provisions of this division of this Act, being deemed 5 26 of immediate importance, take effect upon enactment: 5 27 1. Sections 101 through 105 of this division of 5 28 this Act, amending sections 8.57, 12.74, 12.84, and 5 29 15F.202. 5 30 2. Sections 106 through 110 of this division of 5 31 this Act, amending sections 15F.204, 15F.302, 15F.304, 5 32 and 99E.10. 5 33 3. Sections 111 through 114 of this division of 5 34 this Act, amending sections 331.402, 331.441, 384.24, 5 35 and 384.24A." 5 36 #5. By renumbering, redesignating, and correcting 5 37 internal references as necessary. 5 38 5 39 5 40 5 41 GIPP of Winneshiek 5 42 HF 742.303 79 5 43 nh/cf
Text: H01797 Text: H01799 Text: H01700 - H01799 Text: H Index Bills and Amendments: General Index Bill History: General Index
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