House Journal: Page 621: Monday, March 17, 2003
2 follows:
3 1. Page 1, line 28, by inserting after the word
4 "year." the following: "A financial assistance award
5 shall not be granted unless the applicant submits a
6 business plan as part of the application for financial
7 assistance and the department approves the plan."
Amendment H-1055 lost.
Hogg of Linn offered the following amendment H-1061, to the
committee amendment H-1042, filed by him from the floor and moved
its adoption:
H-1061
1 Amend the amendment, H-1042, to House File 453 as
2 follows:
3 1. Page 1, line 28, by inserting after the word
4 "year." the following: "The department, in entering
5 into an agreement for a financial assistance award,
6 shall consider, as possible terms to the agreement,
7 obtaining a commitment from the business to retain all
8 business operations in the state of Iowa during the
9 ten years subsequent to receiving the financial
10 assistance and obtaining a commitment to create two
11 hundred new jobs during the two years after moneys
12 have been received."
13 2. Page 3, by striking line 4 and inserting the
14 following:
15 "3. A business receiving moneys from the animal
16 biotechnology commercialization fund using moneys from
17 the appropriations made under this section shall be
18 subject to repayment of all or a portion of the moneys
19 received if the business fails to create two hundred
20 new jobs during the two years after moneys have been
21 received or the business closes any operations or
22 moves any operations out of the state of Iowa within
23 ten years of receiving the financial assistance. The
24 department and a business shall enter into an
25 agreement specifying the method for determining the
26 amount of moneys which will be repaid in the event of
27 any occurrence described in this subsection.
28 4. Any moneys remaining in the animal".
29 3. By renumbering as necessary.
Amendment H-1061 lost.
© 2003 Cornell College and
League of Women Voters of Iowa
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