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House Journal: Page 2231: Tuesday, June 3, 2003

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1 technology within the office of the governor. The
2 director and the deputy director shall be responsible
3 for advancing technology transfer and
4 commercialization issues in the state and shall
5 coordinate the related activities at the institutions
6 of higher learning under the control of the state
7 board of regents. The director shall have
8 demonstrated expertise and experience in the areas of
9 business, industry, and academics.
10 2. Each institution of higher learning under the
11 control of the state board of regents shall designate
12 an employee to serve as a technology transfer agent to
13 coordinate the activities of the institution with the
14 director of technology within the office of the
15 governor.
16 3. By December 1, 2004, the director shall conduct
17 a study and develop recommendations for the
18 advancement of technology transfer and
19 commercialization issues. The director shall compile
20 and submit the recommendations in written form to the
21 general assembly by December 1, 2004. The
22 recommendations shall include specific and detailed
23 proposed amendments to the Code of Iowa necessary to
24 advance the proposed recommendations.
25 Sec. . Section 262B.4, Code 2003, is repealed.
26 DIVISION __
27 IOWa ECONOMIC DEVELOPMENT
28 LOAN AND CREDIT GUARANTEE FUND
29 Sec. . NEW SECTION. 15E.221 SHORT TITLE.
30 This division shall be known and may be cited as
31 the "Iowa Economic Development Loan and Credit
32 Guarantee Fund Act".
33 Sec. . NEW SECTION. 15E.222 LEGISLATIVE
34 FINDING - PURPOSES.
35 1. The general assembly finds all of the
36 following:
37 a. That small and medium-sized businesses, in
38 general, and certain targeted industry businesses and
39 other qualified businesses, in particular, may not
40 qualify for conventional financing.
41 b. That the limited availability of credit for
42 export transactions limits the ability of small and
43 medium-sized businesses in this state to compete in
44 international markets.
45 c. That, to enhance competitiveness and foster
46 economic development, this state must focus on growth
47 in certain specific targeted industry businesses and
48 other qualified businesses, especially during a time
49 of war.
50 d. That the challenge for the public economic


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