House Journal: Page 1674: Wednesday, April 30, 2003
33 a. For projects totaling one million dollars or
34 less, the department of economic development shall
35 approve, deny, or defer the application.
36 b. For projects totaling between one million
37 dollars and three million dollars, the executive
38 council of the Iowa values board shall approve, deny,
39 or defer the application.
40 c. For projects totaling three million dollars or
41 more, the Iowa values board shall approve, deny, or
42 defer the application."
43 25. Page 11, line 10, by inserting after the word
44 "credits" the following: "and payments to
45 contributors approved pursuant to section 15E.232".
46 26. Page 11, by striking lines 21 through 26 and
47 inserting the following:
48 "3. Any moneys appropriated under this section
49 that remain unobligated on June 30, 2008, shall be
50 used for providing financial assistance under section
Page 4
1 15E.232, subsections 3, 4, 5, and 6, for the fiscal
2 year beginning July 1, 2008."
3 27. Page 11, lines 34 and 35, by striking the
4 words "the Iowa corn growers association and the Iowa
5 soybean association" and inserting the following:
6 "the Iowa corn growers association and the Iowa
7 soybean association Iowa commodity groups".
8 28. Page 12, line 6, by inserting after the word
9 "facilities." the following: "The department of
10 economic development may consult with other state
11 agencies regarding any possible future environmental,
12 health, or safety issues linked to technology related
13 to the biotechnology industry."
14 29. Page 12, line 7, by inserting after the word
15 "shall" the following: "prefer producer-owned, value-
16 added businesses and".
17 30. Page 12, line 32, by striking the words "or
18 biodiesel or in the", and inserting the following: ",
19 biodiesel, biomass, or in the".
20 31. Page 13, line 5, by inserting after the word
21 "agriculture." the following: "For purposes of this
22 subsection, "producer-owned, valued-added business"
23 means a person who holds an equity interest in the
24 agricultural business and is personally involved in
25 the production of crops or livestock on a regular,
26 continuous, and substantial basis."
27 32. Page 13, line 33, by striking the word
28 "SEED".
29 33. Page 14, by striking line 5 and inserting the
30 following: "philanthropic activity by providing
31 capital to new and existing citizen".

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