Text: H01279 Text: H01281 Text: H01200 - H01299 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 358 as follows: 1 2 #1. Page 1, by inserting after line 22 the 1 3 following: 1 4 "Sec. . Section 15E.202, subsection 7, Code 1 5 2003, is amended to read as follows: 1 6 7. "Biotechnology enterprise" means an enterprise 1 7 organized under the laws of this state using 1 8 biological systems or techniques for the development 1 9 of specialized plant or animal characteristics for 1 10 beneficial nutritional, commercial, or industrial 1 11 purposes, including but not limited for the purposes 1 12 of a life science enterprise as provided in section 1 13 10C.2. 1 14 Sec. . 15E.202, Code 2003, is amended by adding 1 15 the following new subsections: 1 16 NEW SUBSECTION. 7A. "Biotechnological system or 1 17 technique" means any scientific process, including but 1 18 not limited to a transgenic process, that involves 1 19 changing an organism's original genetic code or 1 20 modifying enzymes in living cells to cause a specific 1 21 biochemical reaction, other than by breeding or 1 22 pollination. For purposes of this subsection, a life 1 23 science product as provided in chapter 10C is produced 1 24 using a biotechnological system or technique. 1 25 NEW SUBSECTION. 16A. "Processing" means turning 1 26 an agricultural commodity into an agricultural 1 27 processed product by physical or chemical 1 28 modification, including but not limited to canning, 1 29 freezing, drying, dehydrating, cooking, pressing, 1 30 powdering, packaging, repacking, baking, heating, 1 31 mixing, grinding, churning, separating, extracting, 1 32 cutting, fermenting, eviscerating, preserving, 1 33 jarring, brewing, or slaughtering. 1 34 Sec. . Section 15E.209, subsection 3, Code 1 35 2003, is amended to read as follows: 1 36 3.AAn Iowa agricultural industry finance 1 37 corporation shall not provide financing to support an 1 38 outstanding debt or other obligation, regardless of 1 39 whether the original financing was provided by a 1 40 corporation. 1 41 4. a. An Iowa agricultural industry finance 1 42 corporation that receives an Iowa agricultural 1 43 industry finance loan shall invest at least fifty 1 44 percent of all of its moneys to finance an Iowa 1 45 agricultural industry venture involving processing. 1 46 b. An Iowa agricultural industry finance 1 47 corporation that receives an Iowa agricultural 1 48 industry finance loan shall not invest more than fifty 1 49 percent of all of its moneys in a business which 1 50 produces or studies the production of an article 2 1 derived from a biotechnological system or technique. 2 2 An Iowa agricultural industry finance corporation's 2 3 moneys include moneys that originate from an Iowa 2 4 agricultural industry finance loan or any another 2 5 source. The investment referred to in paragraph "a" 2 6 may be in the form of financing as provided in this 2 7 section or may be the acquisition of an equity 2 8 interest in a business." 2 9 2 10 2 11 2 12 KUHN of Floyd 2 13 2 14 2 15 2 16 FREVERT of Palo Alto 2 17 2 18 2 19 2 20 SWAIM of Davis 2 21 2 22 2 23 2 24 WHITAKER of Van Buren 2 25 2 26 2 27 2 28 STEVENS of Dickinson 2 29 2 30 2 31 2 32 DAVITT of Warren 2 33 2 34 2 35 2 36 QUIRK of Chickasaw 2 37 2 38 2 39 2 40 MERTZ of Kossuth 2 41 2 42 2 43 2 44 STRUYK of Pottawattamie 2 45 HF 358.501 80 2 46 da/pj
Text: H01279 Text: H01281 Text: H01200 - H01299 Text: H Index Bills and Amendments: General Index Bill History: General Index
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