House Journal: Page 623: Monday, March 17, 2003
H-1056
1 Amend the amendment, H-1042, to House File 453 as
2 follows:
3 1. Page 3, by striking line 4 and inserting the
4 following:
5 "3. a. A business receiving moneys from the
6 animal biotechnology commercialization fund using
7 moneys from the appropriations made under this section
8 shall be subject to repayment of all or a portion of
9 the moneys received if any of the following occur:
10 (1) The recipient fails to pay a median wage for
11 hourly, nonmanagement employees working at a new
12 project facility of at least fifteen dollars per hour.
13 (2) The recipient fails to provide at least eighty
14 percent of the cost of a standard medical and dental
15 insurance plan for all full-time employees working at
16 a new project facility.
17 (3) The recipient closes any of its project
18 facilities within the state prior to or after
19 receiving moneys or experiences a layoff within the
20 state prior to or after receiving the moneys.
21 b. The department and a business shall enter into
22 an agreement specifying the method for determining the
23 amount of moneys which will be repaid in the event of
24 any occurrence described in paragraph "a".
25 4. Any moneys remaining in the animal".
Amendment H-1056 lost.
Hogg of Linn offered the following amendment H-1060, to the
committee amendment H-1042, filed by him from the floor and moved
its adoption:
H-1060
1 Amend the amendment, H-1042, to House File 453 as
2 follows:
3 1. Page 3, by striking line 4 and inserting the
4 following:
5 "3. a. A corporate recipient of moneys from the
6 animal biotechnology commercialization fund using
7 moneys from the appropriations made under this section
8 shall report to the department the amount of total
9 compensation provided to each officer and director of
10 the corporation by January 31 of each year for the
11 previous calendar year. "Compensation" includes but
12 is not limited to wages, the fair market value of
13 benefits, and the fair market value of stock options.
14 A corporate recipient shall refund to the department
© 2003 Cornell College and
League of Women Voters of Iowa
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Last update: Thu Jul 10 13:50:00 CDT 2003
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