House Journal: Page 2225: Tuesday, June 3, 2003
Page 14
1 b. Financial assistance awarded under this section
2 may be in the form of a loan, loan guarantee, grant,
3 production incentive payment, or a combination of
4 financial assistance. The department shall not award
5 more than twenty-five percent of the amount allocated
6 to the value-added agricultural products and processes
7 financial assistance fund during any fiscal year to
8 support a single person. The department may finance
9 any size of facility. However, the department shall
10 may reserve up to fifty percent of the total amount
11 allocated to the fund, for purposes of assisting
12 persons requiring one five hundred thousand dollars or
13 less in financial assistance. The amount shall be
14 reserved until the end of the third quarter of the
15 fiscal year. The department shall not provide
16 financial assistance to support a value-added
17 production facility if the facility or a person owning
18 a controlling interest in the facility has
19 demonstrated a continuous and flagrant disregard for
20 the health and safety of its employees or the quality
21 of the environment. Evidence of such disregard shall
22 include a history of serious or uncorrected violations
23 of state or federal law protecting occupational health
24 and safety or the environment, including but not
25 limited to serious or uncorrected violations of
26 occupational safety and health standards enforced by
27 the division of labor services of the department of
28 workforce development pursuant to chapter 84A, or
29 rules enforced by the department of natural resources
30 pursuant to chapter 455B or 459, subchapters II and
31 III.
32 DIVISION __
33 ENDOW IOWa GRANTS
34 Sec. . NEW SECTION. 15E.301 SHORT TITLE.
35 This division shall be known as and may be cited as
36 the "Endow Iowa Program Act".
37 Sec. . NEW SECTION. 15E.302 PURPOSE.
38 The purpose of this division is to enhance the
39 quality of life for citizens of this state through
40 increased philanthropic activity by providing capital
41 to new and existing citizen groups of this state
42 organized to establish endowment funds that will
43 address community needs. The purpose of this division
44 is also to encourage individuals, businesses, and
45 organizations to invest in community foundations.
46 Sec. . NEW SECTION. 15E.303 DEFINITIONS.
47 As used in this division, unless the context
48 otherwise requires:
49 1. "Board" means the governing board of the lead
50 philanthropic entity identified by the department
© 2003 Cornell College and
League of Women Voters of Iowa
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