Text: H01291 Text: H01293 Text: H01200 - H01299 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend Senate File 433, as passed by the Senate, as
1 2 follows:
1 3 #1. Page 10, by inserting after line 33 the
1 4 following:
1 5 "Sec. ___. SMALL BUSINESS DEVELOPMENT CENTERS
1 6 APPROPRIATION.
1 7 1. There is appropriated from the fund enacted by
1 8 the general assembly during the 2003 legislative
1 9 session and funded with bond sale proceeds of more
1 10 than five hundred million dollars to Iowa state
1 11 university of science and technology for the fiscal
1 12 year beginning July 1, 2003, and ending June 30, 2004,
1 13 the following amount, or so much thereof as is
1 14 necessary, to be used for the purposes designated:
1 15 For sixteen small business development centers:
1 16 .................................................. $ 250,000
1 17 2. Of the moneys appropriated in subsection 1,
1 18 $150,000 shall be allocated for purposes of opening
1 19 three small business development centers previously in
1 20 operation during the fiscal year beginning July 1,
1 21 2001. Any moneys allocated under this subsection and
1 22 not used for the purposes provided under this
1 23 subsection may be allocated and used for the purposes
1 24 provided in subsection 3. If an entity operating a
1 25 small business development center refuses moneys to
1 26 reopen a center, Iowa state university may identify a
1 27 different entity to open a center in the same region
1 28 of the state.
1 29 3. a. Of the moneys appropriated in subsection 1,
1 30 $100,000 shall be deposited in a separate and distinct
1 31 account by Iowa state university.
1 32 b. A small business development center may receive
1 33 $1 of matching moneys from the moneys allocated under
1 34 this subsection for every $2 in cash that the center
1 35 receives from local governmental entities and private
1 36 sources. A center shall receive matching moneys in an
1 37 amount equal to not more than twenty-five percent of
1 38 the difference of the allocation of state and federal
1 39 moneys the center received from Iowa state university
1 40 for the fiscal year beginning July 1, 2001, less the
1 41 state and federal moneys received by the center for
1 42 the fiscal year beginning July 1, 2003.
1 43 c. On or before December 31, 2003, a small
1 44 business development center shall demonstrate to Iowa
1 45 state university, in a manner required by the
1 46 university, the amount of cash received from local
1 47 governmental entities and private sources which
1 48 qualify for matching moneys. By January 7, 2004, Iowa
1 49 state university shall, if the total amount of
1 50 matching moneys to be distributed is equal to or less
2 1 than $100,000, distribute matching moneys to the
2 2 eligible centers. If the total amount of matching
2 3 moneys applied for by the centers is more than
2 4 $100,000, Iowa state university shall distribute the
2 5 matching moneys to the eligible centers on a pro rata
2 6 basis based on the amount of federal and state moneys
2 7 received by each center for the fiscal year beginning
2 8 July 1, 2003, not to exceed the maximum amount for a
2 9 center as determined pursuant to paragraph "b" of this
2 10 subsection.
2 11 e. By January 12, 2004, Iowa state university
2 12 shall submit a written report to the general assembly
2 13 regarding the total amount of matching moneys
2 14 distributed listed by small business development
2 15 center."
2 16 #2. By renumbering as necessary.
2 17
2 18
2 19
2 20 STRUYK of Pottawattamie
2 21 SF 433.306 80
2 22 tm/cf
Text: H01291 Text: H01293 Text: H01200 - H01299 Text: H Index Bills and Amendments: General Index Bill History: General Index
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