Text: HSB00646                          Text: HSB00648
Text: HSB00600 - HSB00699               Text: HSB Index
Bills and Amendments: General Index     Bill History: General Index

House Study Bill 647

Bill Text

PAG LIN
  1  1    Section 1.  Section 473.19, Code 2001, is amended to read
  1  2 as follows:
  1  3    473.19  ENERGY BANK PROGRAM.
  1  4    1.  The energy bank program is established by the
  1  5 department.  The energy bank program consists of the following
  1  6 forms of to provide assistance for to qualifying entities,
  1  7 including but not limited to the state, state agencies,
  1  8 political subdivisions of the state, school districts, area
  1  9 education agencies, community colleges, and nonprofit
  1 10 organizations:.  A business or building located in any of the
  1 11 following shall be considered a qualifying entity:
  1 12    a.  A designated federal or state enterprise zone.
  1 13    b.  A difficult-to-develop area or qualified census tract
  1 14 designated by the United States department of housing and
  1 15 urban development.
  1 16    c.  An urban renewal area under chapter 403.
  1 17    d.  A main street demonstration project under the main
  1 18 street program administered by the department of economic
  1 19 development.
  1 20    e.  An affordable housing project as designated by either
  1 21 the Iowa finance authority or the department of economic
  1 22 development.
  1 23    2.  The energy bank program consists of the following forms
  1 24 of assistance:
  1 25    1. a.  Providing moneys from the petroleum overcharge fund
  1 26 for conducting energy audits for school districts under
  1 27 section 279.44, for conducting comprehensive engineering
  1 28 analyses for school districts and for conducting energy audits
  1 29 and comprehensive engineering analyses for state agencies, and
  1 30 political subdivisions of the state.
  1 31    2. b.  Providing loans, leases, and other methods of
  1 32 alternative financing from the energy loan fund established in
  1 33 section 473.20 and section 473.20A for the state, state
  1 34 agencies, political subdivisions of the state, school
  1 35 districts, area education agencies, community colleges, and
  2  1 nonprofit organizations qualifying entities to implement
  2  2 energy conservation measures.
  2  3    3. c.  Serving as a source of technical support for energy
  2  4 conservation management.
  2  5    4. d.  Providing assistance for obtaining insurance on the
  2  6 energy savings expected to be realized from the implementation
  2  7 of energy conservation measures.
  2  8    5. e.  Providing self-liquidating financing for the state,
  2  9 state agencies, political subdivisions of the state, school
  2 10 districts, area education agencies, community colleges, and
  2 11 nonprofit organizations qualifying entities pursuant to
  2 12 section 473.20A.
  2 13    3.  For the purpose of this section, section 473.20, and
  2 14 section 473.20A, "energy conservation measure" means
  2 15 construction, rehabilitation, acquisition, or modification of
  2 16 an installation in a facility or vehicle which is intended to
  2 17 reduce energy consumption, or energy costs, or both, or allow
  2 18 the use of an alternative energy source, which may contain
  2 19 integral control and measurement devices.  "Nonprofit
  2 20 organization" means an organization exempt from federal income
  2 21 taxation under section 501(c)(3) of the Internal Revenue Code.  
  2 22                           EXPLANATION
  2 23    This bill amends the energy bank program by adding entities
  2 24 to the list of qualifying entities under the program.
  2 25    Currently, the state, state agencies, political
  2 26 subdivisions of the state, school districts, area education
  2 27 agencies, community colleges, and nonprofit organizations may
  2 28 receive assistance under the energy bank program.  The bill
  2 29 adds to the list of qualifying businesses any business or
  2 30 building located in a designated federal or state enterprise
  2 31 zone, a difficult-to-develop area or qualified census tract,
  2 32 an urban renewal area, a main street demonstration project, or
  2 33 an affordable housing project.  
  2 34 LSB 6683YC 79
  2 35 tm/cf/24
     

Text: HSB00646                          Text: HSB00648
Text: HSB00600 - HSB00699               Text: HSB Index
Bills and Amendments: General Index     Bill History: General Index

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