Text: HSB00065 Text: HSB00067 Text: HSB00000 - HSB00099 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. NEW SECTION. 461A.3B PREMIER DESTINATION PARK
1 2 PROGRAM.
1 3 1. The department shall establish a premier destination
1 4 park program. The purpose of the program is to provide
1 5 funding for the planning and design, and construction of new
1 6 vertical infrastructure as defined in section 8.57, subsection
1 7 5, paragraph "c", for a premier destination park only if
1 8 attendant investment is made in the park by private industry.
1 9 2. There is appropriated from the tax-exempt bond proceeds
1 10 restricted capital funds account of the tobacco settlement
1 11 trust fund established in section 12E.12, subsection 1,
1 12 paragraph "b", subparagraph (1), for each fiscal year of the
1 13 fiscal period beginning July 1, 2003, and ending June 30,
1 14 2008, the sum of three million dollars to the department for
1 15 use in the premier destination park program. Notwithstanding
1 16 section 8.33, unencumbered or unobligated moneys remaining at
1 17 the end of a fiscal year shall not revert but shall remain
1 18 available for expenditure during the following fiscal year for
1 19 purposes of the premier destination park program.
1 20 The department shall provide a report, in its annual budget
1 21 documentations to the governor and general assembly, on the
1 22 use of moneys under the program since the last report and the
1 23 projected use of future moneys.
1 24 EXPLANATION
1 25 This bill creates a new program in the department of
1 26 natural resources called the premier destination park program.
1 27 The purpose of the program is to provide funding for the
1 28 planning and design, and construction of new vertical
1 29 infrastructure for a premier destination park only if
1 30 attendant investment is made in the park by private industry.
1 31 "Vertical infrastructure" is defined in Code section 8.57,
1 32 subsection 5, paragraph "c", as including only land
1 33 acquisition and construction, major renovation and major
1 34 repair of buildings, all appurtenant structures, utilities,
1 35 site development, and recreational trails. "Vertical
2 1 infrastructure" does not include routine, recurring
2 2 maintenance or operational expenses or leasing of a building,
2 3 appurtenant structure, or utility without a lease-purchase
2 4 agreement.
2 5 Funds for the program are appropriated to the department
2 6 from the tax-exempt bond proceeds restricted capital funds
2 7 account of the tobacco settlement trust fund in the amount of
2 8 $3 million for each fiscal year of the fiscal period beginning
2 9 July 1, 2003, and ending June 30, 2008. Unencumbered or
2 10 unobligated moneys remaining at the end of a fiscal year do
2 11 not revert but remain available for expenditure during the
2 12 following year for the purposes of the premier destination
2 13 park program, notwithstanding Code section 8.33.
2 14 The department is required to provide a report in its
2 15 annual budget documentations to the governor and general
2 16 assembly on the use of moneys under the program since the last
2 17 report and the projected use of future moneys.
2 18 LSB 1355DP 80
2 19 av/cl/14
Text: HSB00065 Text: HSB00067 Text: HSB00000 - HSB00099 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
© 2003 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Tue Feb 18 11:45:08 CST 2003
URL: /DOCS/GA/80GA/Legislation/HSB/00000/HSB00066/030204.html
jhf