House Journal: Page 2113: Tuesday, June 3, 2003
12 d. Business attraction.
13 e. Business retention.
14 f. Marketing.
15 4. An applicant for moneys appropriated under this
16 section shall be required by the department to include
17 in the application a statement regarding the intended
18 return on investment. A recipient of moneys
19 appropriated under this section shall annually submit
20 a statement to the department regarding the progress
21 achieved on the intended return on investment stated
22 in the application. The department, in cooperation
23 with the department of revenue and finance, shall
24 develop a method of identifying and tracking each new
25 job created through financial assistance from moneys
26 appropriated under this section.
27 5. The department may use moneys appropriated
28 under this section to procure technical assistance
29 from either the public or private sector, for
30 information technology purposes, and for rail, air, or
31 river port transportation-related purposes. The use
32 of moneys appropriated for rail, air, or river port
33 transportation-related purposes must be directly
34 related to an economic development project and the
35 moneys must be used to leverage other financial
36 assistance moneys.
37 6. Of the moneys appropriated under this section,
38 the department may use one-half of one percent for
39 administrative purposes.
40 7. The grow Iowa values board is required to
41 approve or deny applications for financial assistance
42 from moneys appropriated under this section.
43 Sec. . UNIVERSITY AND COLLEGE FINANCIAL
44 ASSISTANCE APPROPRIATION.
45 1. There is appropriated from the grow Iowa values
46 fund created in section 15G.107, if enacted by 2003
47 Iowa Acts, House File 692 or another Act, to the grow
48 Iowa values board for the fiscal period beginning July
49 1, 2003, and ending June 30, 2007, the following
50 amounts, or so much thereof as is necessary, to be
Page 5
1 used for the purposes designated:
2 For financial assistance for institutions of higher
3 learning under the control of the state board of
4 regents and for accredited private institutions as
5 defined in section 261.9 for multiuse, goods
6 manufacturing processes approved by the food and drug
7 administration of the United States department of
8 health and human services, protein purification
9 facilities for plant, animal, and chemical
10 manufactured proteins; accelerating new business
© 2003 Cornell College and
League of Women Voters of Iowa
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