House Journal: Page 1675: Wednesday, April 30, 2003
32 34. Page 14, line 33, by striking the word
33 "SEED".
34 35. Page 15, line 10, by striking the word
35 "this", and inserting the following: "the".
36 36. Page 15, by striking line 15 and inserting
37 the following: "endow Iowa grants to new and existing
38 qualified community foundations and to community
39 affiliate organizations".
40 37. Page 15, line 22, by inserting after the word
41 "funds." the following: "A qualified community
42 foundation shall not be required to meet this
43 requirement."
44 38. Page 15, line 25, by striking the word
45 "charities", and inserting the following:
46 "organizations".
47 39. Page 15, line 26, by inserting after the word
48 "the" the following: "qualified community foundation
49 or the".
50 40. Page 15, by striking lines 27 through 29 and
Page 5
1 inserting the following:
2 "3. Endow Iowa grants awarded to new and existing
3 qualified community foundations and to community
4 affiliate organizations shall not exceed twenty-five
5 thousand dollars per foundation or organization unless
6 a foundation or organization demonstrates a multiple".
7 41. Page 15, line 30, by striking the word
8 "seed".
9 42. By striking page 15, line 35, through page
10 16, line 1, and inserting the following:
11 "a. The demonstrated need for financial
12 assistance."
13 43. Page 16, line 5, by striking the words "The
14 demonstrated", and inserting the following: "For
15 community affiliate organizations, the demonstrated".
16 44. Page 19, line 11, by inserting after the
17 figure "2008," the following: "except those described
18 in paragraph "b",".
19 45. Page 19, by striking line 29 and inserting
20 the following:
21 "b. Subject to the provisions of paragraph "c", an
22 organization exempt from federal income tax pursuant
23 to section 501(c) of the Internal Revenue Code making
24 a contribution to an economic development region
25 revolving fund at any time prior to July 1, 2008,
26 shall be paid from the general fund of the state an
27 amount equal to twenty percent of such contributed
28 amount within thirty days after the end of the fiscal
29 year during which the contribution was made.
30 c. The aggregate amount of tax credits and
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League of Women Voters of Iowa
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URL: /DOCS/GA/80GA/Session.1/HJournal/01600/01675.html
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