House Amendment 8652
Amendment Text
PAG LIN
1 1 Amend House File 2582 as follows:
1 2 #1. Page 6, by inserting after line 6 the
1 3 following:
1 4 <DIVISION
1 5 ECONOMIC DEVELOPMENT AREAS
1 6 Sec. . NEW SECTION. 15E.231 ECONOMIC
1 7 DEVELOPMENT AREAS.
1 8 1. In order for an economic development area to
1 9 receive financial assistance from the department, the
1 10 organization of an economic development area must be
1 11 approved by the department. The department shall
1 12 approve an economic development area that establishes
1 13 a single, focused economic development effort,
1 14 approved by the department, that shall include the
1 15 development of an area development plan and area
1 16 marketing strategies. Area marketing strategies must
1 17 be focused on marketing the area collectively.
1 18 2. An approved economic development area may apply
1 19 to the department for financial assistance to assist
1 20 with physical infrastructure needs related to a
1 21 specific business partner. In order to receive
1 22 financial assistance pursuant to this subsection, the
1 23 economic development area must demonstrate all of the
1 24 following:
1 25 a. The ability to provide matching moneys on a
1 26 one=to=one basis.
1 27 b. The commitment of the specific business
1 28 partner.
1 29 c. That all other funding alternatives have been
1 30 exhausted.
1 31 3. An approved economic development area may apply
1 32 to the department for financial assistance to assist
1 33 an existing business located in the economic
1 34 development area impacted by business consolidation
1 35 actions. Business consolidation actions include a
1 36 substantial or total closure of an existing business
1 37 due to consolidating the existing business out of
1 38 state. In order to receive financial assistance
1 39 pursuant to this subsection, the economic development
1 40 area must demonstrate the ability to provide matching
1 41 moneys on a one=to=one basis.
1 42 4. An approved economic development area may apply
1 43 to the department for financial assistance to
1 44 implement economic development initiatives unique to
1 45 the area. In order to receive financial assistance
1 46 pursuant to this subsection, the economic development
1 47 area must demonstrate the ability to provide matching
1 48 moneys on a one=to=one basis.
1 49 5. An approved economic development area may apply
1 50 to the department for financial assistance to
2 1 implement innovative initiatives that do not qualify
2 2 for assistance under subsection 4.
2 3 6. The department may establish and administer an
2 4 area economic development revenue sharing pilot
2 5 project for one or more areas. The department shall
2 6 take into consideration the geographical disbursement
2 7 of the pilot projects. The department shall provide
2 8 technical assistance to the areas participating in a
2 9 pilot project.
2 10 7. The amount of financial assistance available
2 11 under subsections 2, 3, 4, and 5 and section 15E.232
2 12 shall be determined by the department.
2 13 Sec. . NEW SECTION. 15E.232 ECONOMICALLY
2 14 ISOLATED AREAS.
2 15 1. An approved economic development area may apply
2 16 to the department for approval to be designated as an
2 17 economically isolated area based on criteria as
2 18 determined by the department. An economically
2 19 isolated area must consist of at least one county
2 20 meeting the county distress criteria provided in
2 21 section 15E.194. The department shall approve no more
2 22 than five areas as economically isolated areas.
2 23 2. An approved economically isolated area may
2 24 apply to the department for financial assistance for
2 25 purposes of economic development=related marketing
2 26 assistance for the area. In order to receive
2 27 financial assistance pursuant to this subsection, the
2 28 economically isolated area must demonstrate the
2 29 ability to provide matching moneys on a one=to=one
2 30 basis.
2 31 Sec. . EFFECTIVE DATE PROVISION. This division
2 32 of this Act, being deemed of immediate importance,
2 33 takes effect upon enactment.>
2 34 #2. By renumbering as necessary.
2 35
2 36
2 37
2 38 THOMAS of Clayton
2 39
2 40
2 41
2 42 WISE of Lee
2 43
2 44
2 45
2 46 QUIRK of Chickasaw
2 47
2 48
2 49
2 50 WHITAKER of Van Buren
3 1
3 2
3 3
3 4 D. OLSON of Boone
3 5
3 6
3 7
3 8 REASONER of Union
3 9
3 10
3 11
3 12 GASKILL of Wapello
3 13
3 14
3 15
3 16 SWAIM of Davis
3 17
3 18
3 19
3 20 MERTZ of Kossuth
3 21
3 22
3 23
3 24 KUHN of Floyd
3 25
3 26
3 27
3 28 FREVERT of Palo Alto
3 29
3 30
3 31
3 32 BELL of Jasper
3 33 HF 2582.701 80
3 34 tm/gg
Text: H08651 Text: H08653 Text: H08600 - H08699 Text: H Index Bills and Amendments: General Index Bill History: General Index
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