House Journal: Page 2004: Tuesday, May 8, 2001
21 financial assistance for a project under the program.
22 The assistance shall be provided only from funds,
23 rights, and assets legally available to the board and
24 shall be in the form of grants, loans, forgivable
25 loans, and loan guarantees credit enhancement and
26 financing instruments. In addition to the information
27 required in subsection 2, the application shall
28 include a demonstration that the intended future use
29 of the project shall be by both joint applicants.
30 Sec. 106. Section 15F.204, subsection 3, Code
31 2001, is amended to read as follows:
32 3. The fund shall be used to provide assistance
33 only from funds, rights, and assets legally available
34 to the board in the form of grants, loans, forgivable
35 loans, and loan guarantees credit enhancements and
36 financing instruments under the community attraction
37 and tourism program established in section 15F.202.
38 An applicant under the community attraction and
39 tourism program shall not receive financial assistance
40 from the fund in an amount exceeding fifty percent of
41 the total cost of the project.
42 Sec. 107. Section 15F.302, subsection 2,
43 unnumbered paragraph 1, Code 2001, is amended to read
44 as follows:
45 A city or county or a public organization in the
46 state may submit an application to the board for
47 financial assistance for a project under the program.
48 For purposes of this subsection, "public organization"
49 means a nonprofit economic development organization or
50 other nonprofit organization that sponsors or supports
Page 12
1 community or tourism attractions and activities. The
2 financial assistance from the fund shall be provided
3 only from funds, rights, and assets legally available
4 to the board and shall be in the form of grants,
5 loans, forgivable loans, pledges, and guarantees
6 credit enhancements and financing instruments. The
7 application shall include, but not be limited to, the
8 following information:
9 Sec. 108. Section 15F.302, subsection 3, Code
10 2001, is amended to read as follows:
11 3. A school district, in cooperation with a city
12 or county, may submit a joint application for
13 financial assistance for a project under the program.
14 The financial assistance shall be provided only from
15 funds, rights, and assets legally available to the
16 board and shall be in the form of grants, loans,
17 forgivable loans, and loan guarantees credit
18 enhancements and financing instruments. In addition
19 to the information required in subsection 2, the
© 2001 Cornell College and
League of Women Voters of Iowa
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