House Journal: Page 2235: Tuesday, June 3, 2003
Page 24
1 GUARANTEE ADVISORY BOARD.
2 A loan and credit guarantee advisory board is
3 established consisting of seven members appointed by
4 the governor, subject to confirmation by the senate.
5 The advisory board shall provide the department with
6 technical advice regarding the administration of the
7 program, including the adoption of administrative
8 rules pursuant to chapter 17A. The advisory board
9 shall review and provide recommendations regarding all
10 applications under the program. Members of the
11 advisory board are entitled to receive reimbursement
12 for actual expenses incurred while engaged in the
13 performance of official duties. Advisory board
14 members may also be eligible to receive compensation
15 as provided in section 7E.6. The director of the
16 department shall budget moneys to pay the compensation
17 and expenses of the advisory board. The provisions of
18 this section relating to the adoption of
19 administrative rules shall be construed narrowly.
20 DIVISION __
21 ECONOMIC DEVELOPMENT ASSISTANCE AND DATA COLLECTION
22 Sec. . NEW SECTION. 15E.118 BUSINESS START-UP
23 INFORMATION - INTERNET WEB SITE.
24 The department shall provide information through an
25 internet web site and a toll-free telephone service to
26 assist persons interested in establishing a commercial
27 facility or engaging in a commercial activity. The
28 information shall include all of the following:
29 1. Assistance, information, and guidance for
30 start-up businesses.
31 2. Information gathered by the department pursuant
32 to section 15E.17, subsection 2.
33 3. Personal and corporate income tax information.
34 4. Information regarding financial assistance and
35 incentives available to businesses.
36 5. Workforce availability in the state presented
37 in a regional format.
38 Sec. . NEW SECTION. 15E.119 ECONOMIC
39 DEVELOPMENT-RELATED DATA COLLECTION.
40 1. The department shall interview any business
41 that considered locating in Iowa but decided to locate
42 elsewhere. The department shall attempt to determine
43 factors that affected the location decision of the
44 business.
45 2. The department shall interview any business
46 that closes major operations in the state or dissolves
47 the business's corporate status in an effort to
48 identify factors that led to the closure or
49 dissolution.
50 3. By January 15 of each year, the department
© 2003 Cornell College and
League of Women Voters of Iowa
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