House Journal: Page 619: Monday, March 17, 2003
30 FY 2004-2005 $ 5,000,000
31 b. For deposit in the animal biotechnology
32 commercialization fund created in section 15E.221 to
33 be used for purposes of projects described in section
34 15E.221, subsection 1, paragraph "b":
35 FY 2003-2004 $ 5,000,000
36 FY 2004-2005 $ 0
37 2. Any financial assistance awarded from the
38 animal biotechnology commercialization fund using
39 moneys from the appropriations made under this section
40 shall be in the form of loans, forgivable loans, loan
41 guarantees, principal buy-downs, interest buy-downs,
42 equity-like investments, or cost reimbursement for
43 technical or professional management services. For
44 purposes of this subsection, "equity-like investments"
45 means the provision of assistance in such a manner
46 that the potential return on investment to the
47 provider varies according to the profitability of the
48 company assisted. "Equity-like investments" includes
49 royalty arrangements, warrant arrangements, or other
50 similar forms of investments. Repayments of principal
Page 3
1 and interest on loans made from the animal
2 biotechnology commercialization fund shall be
3 deposited in the rebuild Iowa infrastructure fund.
4 3. Any moneys remaining in the animal
5 biotechnology commercialization fund from the
6 appropriations under this section that are unexpended
7 or unobligated on June 30, 2006, shall revert to the
8 rebuild Iowa infrastructure fund on June 30, 2006."
9 4. By renumbering as necessary.
Fallon of Polk offered amendment H-1063, to the committee
amendment H-1042, filed by him from the floor and requested
division as follows:
H-1063
1 Amend the amendment, H-1042, to House File 453 as
2 follows:
H-1063A
3 1. Page 1, by inserting before line 2 the
4 following:
5 " . Page 1, by striking lines 1 through 4."
© 2003 Cornell College and
League of Women Voters of Iowa
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