House Journal: Page 1705: Thursday, May 1, 2003
45 of a charter agency shall be for a period of five
46 years which shall terminate as of June 30, 2008. The
47 purpose of designating a charter agency is to grant
48 the agency additional authority as provided by this
49 chapter while reducing the total appropriations to the
50 agency.
Page 6
1 Sec. . Section 7J.1, subsection 3, paragraph a,
2 if enacted by 2003 Iowa Acts, Senate File 453, is
3 amended to read as follows:
4 a. It is the intent of the general assembly that
5 state general fund operating appropriations to a
6 charter agency for any the fiscal year beginning July
7 1, 2003, and ending June 30, 2004, shall be reduced,
8 with a target reduction of ten percent for each
9 charter agency, from the appropriation that would
10 otherwise have been enacted for that charter agency
11 which, along with any additional generated revenue to
12 the general fund of the state attributed to the
13 reinvention process as determined by the department of
14 management, over that already committed to the general
15 fund of the state by a charter agency, will achieve an
16 overall target of fifteen million dollars.
17 Sec. . Section 7J.2, if enacted by 2003 Iowa
18 Acts, Senate File 453, is amended to read as follows:
19 7J.2 CHARTER AGENCY LOAN GRANT FUND.
20 1. A charter agency loan grant fund is created in
21 the state treasury under the control of the department
22 of management for the purpose of providing funding to
23 support innovation by those state agencies designated
24 as charter agencies in accordance with section 7J.1.
25 Innovation purposes shall include but are not limited
26 to training, development of outcome measurement
27 systems, management system modifications, and other
28 modifications associated with transition of operations
29 to charter agency status. Moneys in the fund are
30 appropriated to the department of management for the
31 purposes described in this subsection.
32 2. A charter agency requesting a loan grant from
33 the fund shall complete an application process
34 designated by the director of the department of
35 management. Minimum loan requirements for charter
36 agency requests shall be determined by the director.
37 3. In order for the fund to be self-supporting,
38 the director of the department of management shall
39 establish repayment schedules for each loan awarded.
40 An agency shall repay the loan over a period not to
41 exceed five years with interest, at a rate to be
42 determined by the director.
43 4. 3. Notwithstanding section 12C.7, subsection 2,
© 2003 Cornell College and
League of Women Voters of Iowa
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