House Journal: Page 153: Thursday, January 24, 2002
Teig of Hamilton offered the following amendment H-8006 filed by
him and moved its adoption:
H-8006
1 Amend House File 2078 as follows:
2 1. Page 1, line 34, by striking the word "five"
3 and inserting the following: "three".
4 2. Page 2, by striking lines 1 through 7 and
5 inserting the following:
6 "b. The investment of resources from the Iowa fund
7 of funds in Iowa businesses within three years of the
8 effective date of this Act.
9 c. A cumulative rate of return on venture
10 investments of the Iowa fund of funds equal to a
11 minimum of one and one-half percentage points above
12 the ten-year treasury bill rate in effect at the end
13 of five years following the effective date of this
14 Act."
15 3. Page 4, line 4, by striking the words "and
16 investments made by".
17 4. Page 4, line 34, by inserting after the word
18 "year." the following: "The board shall indicate on
19 the tax certificate the principal amount of the tax
20 credit and the taxable year or years for which the
21 credit may be claimed."
22 5. Page 11, by inserting after line 29 the
23 following:
24 "i. Upon the liquidation of the Iowa fund of
25 funds, the Iowa capital investment corporation shall
26 file a report with the general assembly stating how
27 many jobs in this state were created through
28 investments made by the Iowa fund of funds."
29 6. Page 13, line 29, by inserting after the word
30 "year." the following: "The board shall indicate on
31 the tax certificate the principal amount of the tax
32 credit and the taxable year or years for which the
33 credit may be claimed."
Amendment H-8006 was adopted.
Teig of Hamilton asked and received unanimous consent that
amendment H-8008 be deferred.
Sukup of Franklin in the chair at 10:38 a.m.
Teig of Hamilton offered the following amendment H-8004 filed by
him and moved its adoption:
© 2002 Cornell College and
League of Women Voters of Iowa
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Last update: Fri Jan 25 13:30:00 CST 2002
URL: /DOCS/GA/79GA/Session.2/HJournal/00100/00153.html
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