Text: SSB03125 Text: SSB03127 Text: SSB03100 - SSB03199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 185C.1, subsections 12 and 15, Code 1 2 2003, are amended to read as follows: 1 3 12. "Promotional order" means an orderadministered1 4 pursuant to this chapter whichestablishes a program for the1 5promotion, research, and market development of cornprovides 1 6 for the administration of this chapter and provides for a 1 7 state assessmentto finance the programnecessary to provide 1 8 for its administration. 1 9 15. "State assessment" means a state excise tax on each 1 10 bushel of corn marketed in this state which is imposedfor1 11purposes related to market developmentas part of a 1 12 promotional order to administer this chapter. 1 13 Sec. 2. Section 185C.1, Code 2003, is amended by adding 1 14 the following new subsection: 1 15 NEW SUBSECTION. 14A. "Secretary" means the secretary of 1 16 agriculture. 1 17 Sec. 3. Section 185C.10, Code 2003, is amended to read as 1 18 follows: 1 19 185C.10 EX OFFICIO NONVOTING MEMBERS. 1 20 The following persons shall serve on the board as ex 1 21 officio, nonvoting members: 1 22 1. The secretary,or the secretary's designee. 1 23 2. The dean of the college of agriculture of Iowa state 1 24 university of science and technology, andor the dean's 1 25 designee. 1 26 3. The director of the Iowa department of economic 1 27 development,ortheir designees, and twothe director's 1 28 designee. 1 29 4. Two representatives of first purchaser organizations 1 30 appointed by the boardshall serve on the board as ex officio1 31members. 1 32 Sec. 4. Section 185C.11, Code 2003, is amended to read as 1 33 follows: 1 34 185C.11PURPOSEPURPOSES AND POWERS OF THE BOARD. 1 35 1. The purposes of the board shall be to: 2 11.a. Provide for market development. 2 2 b.Enter into contracts or agreements with recognized and2 3qualified agencies or organizations for the development and2 4carrying out ofProvide for research and education programs 2 5 directed toward better and more efficient production, 2 6 marketing, and utilization of corn and corn products. 2 72.c. Provide methods and means, including, but not 2 8 limited to, public relations and other promotion techniques 2 9 for the maintenance of present markets. 2 103.d. Assist in development of new or larger markets, both 2 11 domestic and foreign, for corn and corn products. 2 124.e. Work for prevention, modification, or elimination of 2 13 trade barriers which obstruct the free flow of corn and corn 2 14 products to market. 2 155.f. Promote the production and marketing of ethanol. 2 16 g. Administer the financial assistance program as provided 2 17 in section 185C.11A. 2 18 h. Support education and training programs, or 2 19 demonstration projects, which improve the production and 2 20 marketing of corn or corn products or which improve 2 21 environmental stewardship practices when producing corn. 2 22 i. Grant academic scholarships to full-time graduate and 2 23 postgraduate students engaged in the study of areas or 2 24 subjects relating to improving or increasing the production, 2 25 marketing, or utilization of corn or corn products. 2 26 2. The board may carry out these purposes directly or 2 27 contract with recognized and qualified persons. 2 28 Sec. 5. NEW SECTION. 185C.11A FINANCIAL ASSISTANCE 2 29 PROGRAM. 2 30 1. The board shall assist in efforts to improve the 2 31 economic conditions of corn producers by providing financial 2 32 assistance to eligible persons for purposes of supporting 2 33 projects which expand markets for all corn produced in this 2 34 state and products derived from that corn. A project must 2 35 relate to any of the following: 3 1 a. The planning, development, construction, operation, or 3 2 improvement of a new or existing value-added facility which 3 3 utilizes corn or corn products. 3 4 b. The development, production, or utilization of a 3 5 variety of corn which expresses new or specialized traits. 3 6 c. The development of products or the delivery of services 3 7 likely to increase the profits or reduce the risks associated 3 8 with corn production or marketing. 3 9 2. The board may provide financial assistance in the form 3 10 of an interest loan, low-interest loan, no-interest loan, 3 11 forgivable loan, loan guarantee, grant, letter of credit, 3 12 equity financing, principal buy-down, interest buy-down, or a 3 13 combination of these forms. The board shall not approve an 3 14 application for financial assistance under this section to 3 15 refinance an existing loan. 3 16 3. A person is eligible for financial assistance under 3 17 this section if all of the following apply: 3 18 a. The financial assistance will be used to support a 3 19 project that will provide a demonstrable benefit to corn 3 20 producers. 3 21 b. The board approves a business plan submitted by the 3 22 person. The business plan must demonstrate the person's 3 23 managerial and technical expertise to carry out the project. 3 24 c. The person agrees to comply with terms and conditions 3 25 of the financial assistance as determined by the board. 3 26 4. The board shall award financial assistance to an 3 27 eligible person based on all of the following criteria: 3 28 a. The degree to which the project will benefit corn 3 29 producers. 3 30 b. The feasibility of the project to become a viable 3 31 enterprise. 3 32 c. The amount of the investment in the project contributed 3 33 by corn producers. 3 34 d. The economic and technical viability of the processes 3 35 to be employed. 4 1 e. The economic and technical viability of the products to 4 2 be produced. 4 3 Sec. 6. Section 185C.26, Code Supplement 2003, is amended 4 4 to read as follows: 4 5 185C.26 DEPOSIT OF MONEYS – CORN PROMOTION FUND. 4 6State assessmentsA state assessment collected by the board 4 7 from a sale of corn shall be deposited in the office of the 4 8 treasurer of state in a special fund known as the corn 4 9 promotion fund. The fund may include any gifts, rents, 4 10 royalties, interest, license fees, or a federal or state grant 4 11 received by the board. Moneys collected, deposited in the 4 12 fund, and transferred to the board as provided in this 4 13 chapter,shall be subject to audit by the auditor of state. 4 14 The department of administrative services shall transfer 4 15 moneys from the fund to the board for deposit into an account 4 16 established by the board in a qualified financial institution. 4 17 The department shall transfer the moneys as provided in a 4 18 resolution adopted by the board. However, the department is 4 19 only required to transfer moneys once during each day and only 4 20 during hours when the offices of the state are open. From 4 21 moneys collected, the board shall first pay all the direct and 4 22 indirect costs incurred by the secretary and the costs of 4 23 referendums, elections, and other expenses incurred in the 4 24 administration of this chapter, before moneys may be expended 4 25 for the purpose ofmarket developmentcarrying out the 4 26 purposes of this chapter as provided in section 185C.11. 4 27 Sec. 7. Section 185C.29, unnumbered paragraph 1, Code 4 28 2003, is amended to read as follows: 4 29 After the costs of elections, referendum, necessary board 4 30 expenses, and administrative costs have been paid, at least 4 31 seventy-five percent of the remainingfundsmoneys from a 4 32 stateassessmentsassessment deposited in the corn promotion 4 33 fund shall beallocatedused toorganizations selected by the4 34corn promotion board on the basis of their ability tocarry 4 35 out the purposes of this chapter as provided in section 5 1 185C.11.The funds can only be used for research, promotion,5 2and education in co-operation with agencies equipped to5 3perform these activities.5 4 EXPLANATION 5 5 This bill relates to the Iowa corn promotion board codified 5 6 in Code chapter 185C. The board is supported by an excise tax 5 7 or state assessment (but commonly referred to as a checkoff) 5 8 imposed upon the first purchasers of corn. Moneys derived 5 9 from the checkoff are deposited into a corn promotion fund and 5 10 are generally used by the board for purposes of promotion and 5 11 market development. 5 12 Code section 185C.10 provides that a number of persons 5 13 shall serve as ex officio members of the board, including the 5 14 secretary of agriculture, the dean of the college of 5 15 agriculture at Iowa state university, the director of the 5 16 department of economic development, and two representatives of 5 17 first purchaser organizations. The bill provides that these 5 18 members are to serve as nonvoting members. 5 19 The bill expands the scope of the board's authority to 5 20 expend checkoff moneys. The bill provides that the board may 5 21 support education and training programs or demonstration 5 22 projects. The bill provides that the board may also grant 5 23 academic scholarships to full-time graduate or postgraduate 5 24 students. 5 25 The bill establishes a financial assistance program. The 5 26 purpose of the program is to improve the economic conditions 5 27 of corn producers by providing financing to eligible persons 5 28 for projects which expand corn markets. A project must relate 5 29 to a new or existing value-added facility which utilizes corn 5 30 or corn products; the development, production, or utilization 5 31 of a variety of corn which expresses new or specialized 5 32 traits; or the development of products or the delivery of 5 33 services likely to increase the business of corn producers. 5 34 Finally, the bill provides that moneys deposited into the 5 35 corn promotion fund include interest earned on moneys in the 6 1 fund. 6 2 LSB 6385XC 80 6 3 da/sh/8
Text: SSB03125 Text: SSB03127 Text: SSB03100 - SSB03199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
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