House Journal: Page 1400: Friday, April 25, 2003
Page 17
1 of the department of management may disapprove the
2 waiver or suspension if, based on clear and convincing
3 evidence, the director determines that the suspension
4 or waiver would result in an adverse financial impact
5 on the state.
6 Sec. 33. NEW SECTION. 7J.2 CHARTER AGENCY LOAN
7 FUND.
8 1. A charter agency loan fund is created in the
9 state treasury under the control of the department of
10 management for the purpose of providing funding to
11 support innovation by those state agencies designated
12 as charter agencies in accordance with section 7J.1.
13 Innovation purposes shall include but are not limited
14 to training, development of outcome measurement
15 systems, management system modifications, and other
16 modifications associated with transition of operations
17 to charter agency status. Moneys in the fund are
18 appropriated to the department of management for the
19 purposes described in this subsection.
20 2. A charter agency requesting a loan from the
21 fund shall complete an application process designated
22 by the director of the department of management.
23 Minimum loan requirements for charter agency requests
24 shall be determined by the director.
25 3. In order for the fund to be self-supporting,
26 the director of the department of management shall
27 establish repayment schedules for each loan awarded.
28 An agency shall repay the loan over a period not to
29 exceed five years with interest, at a rate to be
30 determined by the director.
31 4. Notwithstanding section 12C.7, subsection 2,
32 interest or earnings on moneys deposited in the
33 charter agency loan fund shall be credited to the
34 charter agency loan fund. Notwithstanding section
35 8.33, moneys credited to the charter agency loan fund
36 shall not revert to the fund from which appropriated
37 at the close of a fiscal year.
38 Sec. 34. NEW SECTION. 7J.3 REPEAL. This chapter
39 is repealed June 30, 2008.
40 Sec. 35. CHARTER AGENCY APPROPRIATIONS.
41 1. Notwithstanding any provision of law to the
42 contrary, the total appropriations from the general
43 fund of the state to those departments and agencies
44 designated as charter agencies for the fiscal year
45 beginning July 1, 2003, and ending June 30, 2004, as
46 provided by the appropriation to those agencies as
47 enacted by the Eightieth General Assembly, 2003
48 Regular Session, shall be reduced by $15,000,000. The
49 department of management shall apply the appropriation
50 reductions, with a target of a 10 percent reduction
© 2003 Cornell College and
League of Women Voters of Iowa
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