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House Journal: Page 2115: Tuesday, June 3, 2003

10 Sec. . REHABILITATION PROJECT TAX CREDITS
11 APPROPRIATION.
12 1. There is appropriated from the grow Iowa values
13 fund created in section 15G.107, if enacted by 2003
14 Iowa Acts, House File 692 or another Act, to the
15 general fund of the state, for the fiscal period
16 beginning July 1, 2005, and ending June 30, 2007, the
17 following amounts, or so much thereof as is necessary,
18 to be used for the purpose designated:
19 For payment of tax credits approved pursuant to
20 section 404A.4 for projects located in certified
21 cultural and entertainment districts:
22 FY 2005-2006 $ 500,000
23 FY 2006-2007 $ 500,000
24 2. Notwithstanding section 8.33, moneys that
25 remain unexpended at the end of a fiscal year shall
26 not revert to any fund but shall remain available for
27 expenditure for the designated purposes during the
28 succeeding fiscal year.
29 Sec. . LOAN AND CREDIT GUARANTEE FUND
30 APPROPRIATION.
31 1. There is appropriated from the grow Iowa values
32 fund created in section 15G.107, if enacted by 2003
33 Iowa Acts, House File 692 or another Act, to the
34 department of economic development for the fiscal
35 period beginning July 1, 2003, and ending June 30,
36 2007, the following amounts, or so much thereof as is
37 necessary, to be used for the purpose designated:
38 For deposit in the loan and credit guarantee fund
39 created in section 15E.227:
40 FY 2003-2004 $ 2,500,000
41 FY 2004-2005 $ 5,000,000
42 FY 2005-2006 $ 7,500,000
43 FY 2006-2007 $ 7,500,000
44 2. Notwithstanding section 8.33, moneys that
45 remain unexpended at the end of a fiscal year shall
46 not revert to any fund but shall remain available for
47 expenditure for the designated purpose during the
48 succeeding fiscal year.
49 Sec. . ENDOW IOWA TAX CREDITS.
50 1. There is appropriated from the grow Iowa values

Page 7

1 fund created in section 15G.107, if enacted by 2003
2 Iowa Acts, House File 692 or another Act, to the
3 general fund of the state, for the fiscal period
4 beginning July 1, 2004, and ending June 30, 2007, the
5 following amounts, or so much thereof as is necessary,
6 to be used for the purpose designated:
7 For payment of endow Iowa tax credits authorized
8 pursuant to section 15E.305:


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