Text: HSB00574 Text: HSB00576 Text: HSB00500 - HSB00599 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 266.39C, subsection 3, Code 2001, is 1 2 amended to read as follows: 1 3 3. Iowa state university of science and technology shall 1 4 employ a director for the center, who shall be appointed by 1 5 the president of Iowa state university of science and 1 6 technology. The director of the center shall employ necessary 1 7 research and support staff. The director and staff shall be 1 8 employees of Iowa state university of science and technology. 1 9 No more than seven hundred thousand dollars of the funds made 1 10 available by appropriation from state revenues in any one year 1 11 shall be expended by the center for the salaries and benefits 1 12 of the employees of the center, including the salary and 1 13 benefits of the director. The limit on expenditures for 1 14 salaries and benefits shall be adjusted annually by a 1 15 percentage equal to the average percentage salary adjustment 1 16 approved annually by the state board of regents for 1 17 professional and scientific employees at Iowa state university 1 18 of science and technology. The remainder of the funds 1 19 appropriated from state funds shall be used to sponsor 1 20 research grants and projects submitted on a competitive basis 1 21 by Iowa colleges and universities and private nonprofit 1 22 agencies and foundations. The center may also solicit 1 23 additional grants and funding from public and private 1 24 nonprofit agencies and foundations. 1 25 The director shall prepare an annual report. 1 26 Sec. 2. Section 266.39C, subsection 6, Code 2001, is 1 27 amended by striking the subsection. 1 28 Sec. 3. Section 476.10A, Code 2001, is amended to read as 1 29 follows: 1 30 476.10A FUNDING FOR IOWA ENERGY CENTER AND CENTER FOR 1 31 GLOBAL AND REGIONAL ENVIRONMENTAL RESEARCH. 1 32 1. a. The board shall direct all gas and electric 1 33 utilities to remit to the treasurer of state one-tenth of one 1 34 percent of the total gross operating revenues during the last 1 35 calendar year derived from their intrastate public utility 2 1 operations. The board shall by rule provide a schedule for 2 2 remittanceswhich shall require that the first remittance be2 3made not before July 1, 1991. 2 4 b. The amounts collected pursuant to this section shall be 2 5 in addition to the amounts permitted to be assessed pursuant 2 6 to section 476.10. The board shall allow inclusion of these 2 7 amounts in the budgets approved by the board pursuant to 2 8 section 476.6, subsection 19, paragraph "c". 2 9 c. (1) Eighty-five percent of the remittances collected 2 10 pursuant to this section is appropriated to the Iowa energy 2 11 center created in section 266.39C. 2 12 (2) Fifteen percent of the remittances collected pursuant 2 13 to this section is appropriated to the center for global and 2 14 regional environmental research established by the state board 2 15 of regents. 2 16 2. Notwithstanding section 8.33, any unexpended moneys 2 17 remitted to the treasurer of state under this section shall be 2 18 retained for the purposes designated. Notwithstanding section 2 19 12C.7, subsection 2, interest or earnings on investments or 2 20 time deposits of the moneys remitted under this section shall 2 21 be retained and used for the purposes designated, pursuant to 2 22 section 476.46. 2 23 3. The Iowa energy center and the center for global and 2 24 regional environmental research shall each provide a written 2 25 annual report to the utilities boardwhichthat describes each 2 26 center's activities and the results that each center has 2 27 accomplished. Each report shall include an explanation of 2 28 initiatives and projects of importance to the state of Iowa. 2 29 Sec. 4. Section 476.46, subsection 2, Code 2001, is 2 30 amended to read as follows: 2 31 2. a. An alternate energy revolving loan fund is created 2 32 in the office of the treasurer of state to be administered by 2 33 the Iowa energy center. 2 34 b. The fund shall include moneys remitted to the fund 2 35 pursuant to subsection 3 and any other moneys appropriated or 3 1 otherwise directed to the fund. 3 2 c. Moneys in the fund shall be used to provide loans for 3 3 the construction of alternate energy production facilities or 3 4 small hydro facilities as defined in section 476.42. 3 5 d. (1) A gas or electric utilitywhichthat is not 3 6 required to be rate-regulated shall not be eligible for a loan 3 7 under this section. 3 8 (2) A facility shall be eligible for no more than two 3 9 hundred fifty thousand dollars in loans outstanding at any 3 10 time under this program. 3 11 e. (1) Each loan shall be for a period not to exceed 3 12 twenty years, shall bear no interest, and shall be repayable 3 13 to the fund created under this section in installments as 3 14 determined by the Iowa energy center. The interest rate upon 3 15 delinquent payments shall accelerate immediately to the 3 16 current legal usury limit. 3 17 (2) Any loan made pursuant to this program shall become 3 18 due for payment upon sale of the facility for which the loan 3 19 was made. 3 20 (3) Interest on the fund shall be deposited in the fund. 3 21 A portion of the interest on the fund, not to exceed fifty 3 22 percent of the total interest accrued, shall be used for 3 23 promotion and administration of the fund. 3 24 f. Section 8.33 shall not apply to the moneys in the fund. 3 25 EXPLANATION 3 26 This bill amends Code sections in Code chapters 266 and 476 3 27 that relate to the Iowa energy center. 3 28 The bill amends Code section 266.39C to provide that the 3 29 current $700,000 limit on salary expenditures for the Iowa 3 30 energy center shall be adjusted annually according to the 3 31 salary adjustment approved by the state board of regents for 3 32 professional and scientific employees at Iowa state university 3 33 of science and technology. 3 34 The bill amends Code section 476.46, relating to the 3 35 alternate energy revolving fund, to provide that up to 50 4 1 percent of the interest earned on the fund shall be used for 4 2 promotion and administration of the fund. Related changes are 4 3 made to language in Code section 476.10A. Both of those 4 4 provisions are also subdivided into subsections, paragraphs, 4 5 and subparagraphs, and other grammatical changes have been 4 6 made, and date provisions have been removed and language 4 7 updated. 4 8 The bill also deletes Code section 266.39C, subsection 6, 4 9 which relates to a study and report on rural rail feasibility 4 10 that was completed in 1992. 4 11 LSB 5473HC 79 4 12 jj/cls/14
Text: HSB00574 Text: HSB00576 Text: HSB00500 - HSB00599 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
© 2002 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Wed Jan 30 03:30:39 CST 2002
URL: /DOCS/GA/79GA/Legislation/HSB/00500/HSB00575/020129.html
jhf