Senate Amendment 5409


PAG LIN




     1  1    Amend Senate File 2311 as follows:
     1  2 #1.  By striking everything after the enacting
     1  3 clause and inserting the following:
     1  4                       <DIVISION I
     1  5           LEGISLATIVE FINDINGS == VALIDATION
     1  6    Section 1.  LEGISLATIVE FINDINGS.
     1  7    1.  It is the finding of the general assembly that
     1  8 the recent Iowa supreme court decision of Rants and
     1  9 Iverson v. Vilsack, No. 60/03=1948, June 16, 2004, has
     1 10 invalidated the proper enactment of provisions
     1 11 contained in 2003 Iowa Acts, First Extraordinary
     1 12 Session, chapter 1 (House File 692).  It is the intent
     1 13 of the general assembly to reenact and reaffirm
     1 14 certain provisions of House File 692 that were
     1 15 published in the 2003 Iowa Acts and the 2003 Iowa Code
     1 16 Supplement, including provisions that were
     1 17 subsequently amended in the 2004 regular session of
     1 18 the Eightieth General Assembly, and to validate
     1 19 contracts entered into in reliance on the enactment of
     1 20 provisions published in the 2003 Code Supplement.
     1 21    2.  It is the finding of the general assembly that
     1 22 the recent Iowa supreme court decision of Rants and
     1 23 Iverson v. Vilsack, No. 60/03=1948, June 16, 2004, has
     1 24 raised questions in regard to the proper enactment of
     1 25 provisions contained in 2003 Iowa Acts, First
     1 26 Extraordinary Session, chapter 2 (House File 683), and
     1 27 in 2004 enactments.  It is the intent of the general
     1 28 assembly to resolve any doubt as to the validity of
     1 29 the provisions contained in House File 683 and 2004
     1 30 enactments by reenacting the provisions, and to
     1 31 validate contracts entered into in reliance on the
     1 32 enactment of provisions published in the 2003 Code
     1 33 Supplement.
     1 34    Sec. 2.  CONTRACT OR APPROVED PROJECT OR ACTIVITY
     1 35 VALIDATION.  Any contract or approved project or
     1 36 activity originally funded or intended to be funded in
     1 37 whole or in part with moneys from the grow Iowa values
     1 38 fund, and entered into or approved by the department
     1 39 of economic development or the grow Iowa values board
     1 40 after June 30, 2003, and before June 16, 2004, in
     1 41 reliance on the publication of law implementing the
     1 42 grow Iowa values fund in the 2003 Code Supplement and
     1 43 2003 Iowa Acts, is valid and enforceable to the full
     1 44 extent of the law.  The Iowa supreme court decision in
     1 45 Rants and Iverson v. Vilsack, No. 60/03=1948, June 16,
     1 46 2004, and the provisions of this Act shall not in
     1 47 themselves constitute grounds for recision or
     1 48 modification of such contracts or approved projects or
     1 49 activities.  This Act provides appropriations to fund
     1 50 these contracts or approved projects or activities.
     2  1    Sec. 3.  EFFECTIVE DATE.  This division of this
     2  2 Act, being deemed of immediate importance, takes
     2  3 effect upon enactment.
     2  4                       DIVISION II
     2  5             GROW IOWA VALUES BOARD AND FUND
     2  6    Sec. 4.  GROW IOWA VALUES BOARD AND FUND.  The
     2  7 following provisions, as published in Iowa Code
     2  8 Supplement 2003, pertaining to the grow Iowa values
     2  9 board and fund, are reaffirmed and reenacted:
     2 10    1.  Section 15.108, subsection 9, paragraph "g".
     2 11    2.  Section 15G.101.
     2 12    3.  Section 15G.102.
     2 13    4.  Section 15G.103.
     2 14    5.  Section 15G.104.
     2 15    6.  Section 15G.105.
     2 16    7.  Section 15G.106.
     2 17    8.  Section 15G.107.
     2 18    9.  Section 15G.108.
     2 19    10.  Section 15G.109.
     2 20    11.  Section 15G.110.
     2 21    12.  Section 292.4, including the amendment made in
     2 22 2004 Iowa Acts, House File 2208, section 59.
     2 23    Sec. 5.  Section 15G.107, Code Supplement 2003, as
     2 24 reaffirmed and reenacted by this division of this Act,
     2 25 is amended by adding the following new subsection:
     2 26    NEW SUBSECTION.  6.  Notwithstanding subsection 3,
     2 27 paragraph "a", it is the policy of this state to
     2 28 expand and stimulate the state economy by advancing,
     2 29 promoting, and expanding the biotechnology industry in
     2 30 this state.  To implement this policy, the board shall
     2 31 consider projects that increase income to individuals
     2 32 or organizations involved in value=added agribusiness
     2 33 or biotechnology.  In making such considerations, the
     2 34 board shall not limit job creation criteria to one
     2 35 specific project site.
     2 36    Sec. 6.  Section 15.108, subsection 9, paragraph g,
     2 37 Code Supplement 2003, as reaffirmed and reenacted by
     2 38 this division of this Act, is amended by adding the
     2 39 following new unnumbered paragraph:
     2 40    NEW UNNUMBERED PARAGRAPH.  This paragraph "g" is
     2 41 repealed effective July 1, 2010.
     2 42    Sec. 7.  Section 15G.110, Code Supplement 2003, as
     2 43 reaffirmed and reenacted by this division of this Act,
     2 44 is amended by adding the following new unnumbered
     2 45 paragraph:
     2 46    NEW UNNUMBERED PARAGRAPH.  This chapter is repealed
     2 47 effective July 1, 2010.
     2 48    Sec. 8.  2004 Iowa Acts, House File 2207, section
     2 49 101, is repealed.
     2 50    Sec. 9.  EFFECTIVE DATE AND RETROACTIVE
     3  1 APPLICABILITY PROVISIONS.  This division of this Act,
     3  2 being deemed of immediate importance, takes effect
     3  3 upon enactment, and, other than the repeal of 2004
     3  4 Iowa Acts, House File 2207, section 101, is
     3  5 retroactively applicable to July 1, 2003.
     3  6                      DIVISION III
     3  7          GROW IOWA VALUES FUND APPROPRIATIONS
     3  8    Sec. 10.  2003 IOWA ACTS, HOUSE FILE 683 ==
     3  9 APPROPRIATIONS.  2003 Iowa Acts, First Extraordinary
     3 10 Session, chapter 2, sections 65 through 75, are
     3 11 repealed.  However, to the extent an appropriation
     3 12 made in this division of this Act is made for the same
     3 13 purpose as an appropriation made in 2003 Iowa Acts,
     3 14 First Extraordinary Session, chapter 2, sections 65
     3 15 through 75, action taken pursuant to 2003 Iowa Acts,
     3 16 First Extraordinary Session, chapter 2, sections 65
     3 17 through 75, shall be considered valid and enforceable.
     3 18    Sec. 11.  NEW SECTION.  15G.111  ECONOMIC
     3 19 DEVELOPMENT APPROPRIATIONS FROM GROW IOWA VALUES FUND.
     3 20    1.  MARKETING DEVELOPMENT.  There is appropriated
     3 21 from the fund to the department for the designated
     3 22 fiscal years, the following amounts, or so much
     3 23 thereof as is necessary, to be used for the purpose
     3 24 designated:
     3 25    For implementing and administering the marketing
     3 26 strategy approved under this chapter by the economic
     3 27 development marketing board:
     3 28    a.  FY 2003=2004................................. $  2,244,826
     3 29    b.  FY 2004=2005................................. $  7,500,000
     3 30    c.  FY 2005=2006................................. $ 10,000,000
     3 31    2.  DEPARTMENTAL PROGRAMS.
     3 32    a.  There is appropriated from the fund to the
     3 33 department for the designated fiscal years, the
     3 34 following amounts, or so much thereof as is necessary,
     3 35 to be used for the purpose designated:
     3 36    For programs administered by the department:
     3 37    (1)  FY 2003=2004................................ $ 38,006,883
     3 38    (2)  FY 2004=2005................................ $ 41,000,000
     3 39    (3)  FY 2005=2006................................ $ 44,000,000
     3 40    (4)  FY 2006=2007................................ $ 48,000,000
     3 41    b.  The board shall allocate a percentage of each
     3 42 appropriation made in this subsection for each of the
     3 43 following types of activities:
     3 44    (1)  Business start=ups.
     3 45    (2)  Business expansion.
     3 46    (3)  Business modernization.
     3 47    (4)  Business attraction.
     3 48    (5)  Business retention.
     3 49    (6)  Marketing.
     3 50    c.  An applicant for moneys appropriated in this
     4  1 subsection shall be required by the department to
     4  2 include in the application a statement regarding the
     4  3 intended return on investment.  A recipient of moneys
     4  4 appropriated in this subsection shall annually submit
     4  5 a statement to the department regarding the progress
     4  6 achieved on the intended return on investment stated
     4  7 in the application.  The department, in cooperation
     4  8 with the department of revenue, shall develop a method
     4  9 of identifying and tracking each new job created
     4 10 through financial assistance from moneys appropriated
     4 11 in this subsection.
     4 12    d.  The department may use moneys appropriated in
     4 13 this subsection to procure technical assistance from
     4 14 either the public or private sector, for information
     4 15 technology purposes, and for rail, air, or river port
     4 16 transportation=related purposes.  The use of moneys
     4 17 appropriated for rail, air, or river port
     4 18 transportation=related purposes must be directly
     4 19 related to an economic development project and the
     4 20 moneys must be used to leverage other financial
     4 21 assistance moneys.
     4 22    e.  Of the moneys appropriated in this subsection,
     4 23 the department may use one=half of one percent for
     4 24 administrative purposes.
     4 25    f.  The applications for financial assistance from
     4 26 moneys appropriated in this subsection are subject to
     4 27 action of the board approving or denying the
     4 28 applications.
     4 29    3.  LOAN AND CREDIT GUARANTEE FUND.  There is
     4 30 appropriated from the fund to the department for the
     4 31 designated fiscal years, the following amounts, or so
     4 32 much thereof as is necessary, to be used for the
     4 33 purpose designated:
     4 34    For deposit in the loan and credit guarantee fund
     4 35 created in section 15E.227:
     4 36    a.  FY 2003=2004................................. $  2,489,800
     4 37    b.  FY 2004=2005................................. $  5,000,000
     4 38    c.  FY 2005=2006................................. $  7,500,000
     4 39    d.  FY 2006=2007................................. $  7,500,000
     4 40    4.  ENDOW IOWA GRANTS.  There is appropriated from
     4 41 the fund to the department for the designated fiscal
     4 42 years, the following amounts, or so much thereof as is
     4 43 necessary, to be used for the purpose designated:
     4 44    For providing endow Iowa grants to lead
     4 45 philanthropic entities pursuant to section 15E.304:
     4 46    a.  FY 2004=2005................................. $    250,000
     4 47    b.  FY 2005=2006................................. $    250,000
     4 48    c.  FY 2006=2007................................. $    500,000
     4 49    5.  PARKS.
     4 50    a.  There is appropriated from the fund to the
     5  1 board for the designated fiscal years, the following
     5  2 amounts, or so much thereof as is necessary, to be
     5  3 used for the purpose designated:
     5  4    For the purpose of providing financial assistance
     5  5 for projects in targeted state parks and destination
     5  6 parks:
     5  7    (1)  FY 2003=2004................................ $    500,000
     5  8    (2)  FY 2004=2005................................ $          0
     5  9    (3)  FY 2005=2006................................ $          0
     5 10    (4)  FY 2006=2007................................ $    500,000
     5 11    b.  The department of natural resources, in
     5 12 cooperation with the department of economic
     5 13 development, shall submit a plan to the grow Iowa
     5 14 values board for the expenditure of moneys
     5 15 appropriated in this subsection.  The plan shall focus
     5 16 on improving state parks and destination parks for
     5 17 economic development purposes.  Based on the report
     5 18 submitted, the grow Iowa values board shall provide
     5 19 financial assistance to the department of natural
     5 20 resources for support of state parks and destination
     5 21 parks.
     5 22    6.  ONE=YEAR CARRYOVER.  Notwithstanding section
     5 23 8.33, moneys appropriated in this section that remain
     5 24 unencumbered or unobligated at the close of the fiscal
     5 25 year shall not revert but shall remain available for
     5 26 expenditure for the purposes designated until the
     5 27 close of the succeeding fiscal year.
     5 28    Sec. 12.  NEW SECTION.  15G.112  UNIVERSITY AND
     5 29 COLLEGE FINANCIAL ASSISTANCE APPROPRIATIONS FROM GROW
     5 30 IOWA VALUES FUND.
     5 31    1.  There is appropriated from the fund to the
     5 32 board for the designated fiscal years, the following
     5 33 amounts, or so much thereof as is necessary, to be
     5 34 used for the purposes designated:
     5 35    For financial assistance for institutions of higher
     5 36 learning under the control of the state board of
     5 37 regents and for accredited private institutions as
     5 38 defined in section 261.9 for multiuse, goods
     5 39 manufacturing processes approved by the food and drug
     5 40 administration of the United States department of
     5 41 health and human services; protein purification
     5 42 facilities for plant, animal, and chemical
     5 43 manufactured proteins; accelerating new business
     5 44 creation; innovation accelerators and business parks;
     5 45 incubator facilities; upgrading food and drug
     5 46 administration drug approval laboratories in Iowa City
     5 47 to a larger multiclient, goods manufacturing processes
     5 48 facility; crop and animal livestock facilities for the
     5 49 growing of transgenic crops and livestock, protein
     5 50 extraction facilities, containment facilities, and
     6  1 bioanalytical, biochemical, chemical, and
     6  2 microbiological support facilities; a national center
     6  3 for food safety and security; and advanced laboratory
     6  4 space:
     6  5    a.  FY 2003=2004................................. $  6,000,000
     6  6    b.  FY 2004=2005................................. $  7,000,000
     6  7    c.  FY 2005=2006................................. $  7,000,000
     6  8    d.  FY 2006=2007................................. $  7,000,000
     6  9    2.  Notwithstanding section 8.33, moneys
     6 10 appropriated in this section that remain unencumbered
     6 11 or unobligated at the close of the fiscal year shall
     6 12 not revert but shall remain available for expenditure
     6 13 for the purposes designated until the close of the
     6 14 succeeding fiscal year.
     6 15    3.  In the distribution of moneys appropriated in
     6 16 this section, the board shall examine the potential
     6 17 for using such moneys to leverage other moneys
     6 18 available for financial assistance to accredited
     6 19 private institutions.
     6 20    4.  In awarding moneys appropriated in this
     6 21 section, the board shall consider whether the purchase
     6 22 of suitable existing infrastructure is more cost=
     6 23 efficient than building new infrastructure.
     6 24    5.  An institution of higher learning under the
     6 25 control of the state board of regents may apply to use
     6 26 financial assistance moneys appropriated in this
     6 27 section for purposes of a public and private joint
     6 28 venture to acquire infrastructure assets or research
     6 29 facilities or to leverage moneys in a manner
     6 30 consistent with meeting the goals and performance
     6 31 measures provided in section 15G.107.
     6 32    6.  Of the moneys appropriated in this section and
     6 33 provided applications are submitted meeting the
     6 34 requirements of the board, not less than ten million
     6 35 dollars in financial assistance shall be awarded to
     6 36 the university of Iowa, not less than ten million
     6 37 dollars in financial assistance shall be awarded to
     6 38 Iowa state university of science and technology, and
     6 39 not less than five million dollars in financial
     6 40 assistance shall be awarded to the university of
     6 41 northern Iowa.
     6 42    Sec. 13.  NEW SECTION.  15G.113  REHABILITATION
     6 43 PROJECT TAX CREDITS APPROPRIATIONS FROM GROW IOWA
     6 44 VALUES FUND.
     6 45    1.  There is appropriated from the fund to the
     6 46 general fund of the state, for the designated fiscal
     6 47 years, the following amounts, or so much thereof as is
     6 48 necessary, to be used for the purpose designated:
     6 49    For reimbursement for lost revenue due to tax
     6 50 credits approved pursuant to section 404A.4 for
     7  1 rehabilitation projects located in certified cultural
     7  2 and entertainment districts:
     7  3    a.  FY 2005=2006................................. $    500,000
     7  4    b.  FY 2006=2007................................. $    500,000
     7  5    2.  Notwithstanding section 8.33, moneys
     7  6 appropriated in this section that remain unencumbered
     7  7 or unobligated at the close of the fiscal year shall
     7  8 not revert but shall remain available for expenditure
     7  9 for the purpose designated until the close of the
     7 10 succeeding fiscal year.
     7 11    Sec. 14.  NEW SECTION.  15G.114  ENDOW IOWA TAX
     7 12 CREDITS APPROPRIATIONS FROM GROW IOWA VALUES FUND.
     7 13    1.  There is appropriated from the fund to the
     7 14 general fund of the state, for the designated fiscal
     7 15 years, the following amounts, or so much thereof as is
     7 16 necessary, to be used for the purpose designated:
     7 17    For reimbursement for lost revenue due to endow
     7 18 Iowa tax credits authorized pursuant to section
     7 19 15E.305:
     7 20    a.  FY 2004=2005................................. $    250,000
     7 21    b.  FY 2005=2006................................. $    250,000
     7 22    c.  FY 2006=2007................................. $    500,000
     7 23    2.  Notwithstanding section 8.33, moneys
     7 24 appropriated in this section that remain unencumbered
     7 25 or unobligated at the close of the fiscal year shall
     7 26 not revert but shall remain available for expenditure
     7 27 for the purpose designated until the close of the
     7 28 succeeding fiscal year.
     7 29    Sec. 15.  NEW SECTION.  15G.115  IOWA CULTURAL
     7 30 TRUST FUND APPROPRIATIONS FROM GROW IOWA VALUES FUND.
     7 31    1.  There is appropriated from the fund to the
     7 32 office of the treasurer of state, for the designated
     7 33 fiscal years, the following amounts, or so much
     7 34 thereof as is necessary, to be used for the purpose
     7 35 designated:
     7 36    For deposit in the Iowa cultural trust fund created
     7 37 in section 303A.4:
     7 38    a.  FY 2003=2004................................. $     24,194
     7 39    b.  FY 2004=2005................................. $          0
     7 40    c.  FY 2005=2006................................. $          0
     7 41    d.  FY 2006=2007................................. $    500,000
     7 42    2.  Notwithstanding section 8.33, moneys
     7 43 appropriated in this section that remain unencumbered
     7 44 or unobligated at the close of the fiscal year shall
     7 45 not revert but shall remain available for expenditure
     7 46 for the purpose designated until the close of the
     7 47 succeeding fiscal year.
     7 48    Sec. 16.  NEW SECTION.  15G.116  ANTICIPATED
     7 49 FEDERAL MONEYS == APPROPRIATIONS TO GROW IOWA VALUES
     7 50 FUND.
     8  1    1.  There is appropriated from the fund created by
     8  2 section 8.41, for the designated fiscal years, the
     8  3 following amounts, to be used for the purpose
     8  4 designated:
     8  5    For deposit in the grow Iowa values fund:
     8  6    a.  FY 2003=2004................................. $ 59,000,000
     8  7    b.  FY 2004=2005................................. $ 41,000,000
     8  8    2.  Moneys appropriated in this section are moneys
     8  9 anticipated to be received from the federal government
     8 10 for state and local government fiscal relief under the
     8 11 federal Jobs and Growth Tax Relief Reconciliation Act
     8 12 of 2003 and shall be expended as provided in the
     8 13 federal law making the moneys available and in
     8 14 conformance with chapter 17A.
     8 15    Sec. 17.  NEW SECTION.  15G.117  APPROPRIATIONS TO
     8 16 GROW IOWA VALUES FUND.
     8 17    There is appropriated from the general fund of the
     8 18 state, for the designated fiscal years, the following
     8 19 amounts, to be used for the purpose designated:
     8 20    For deposit in the grow Iowa values fund:
     8 21    1.  FY 2003=2004................................. $  5,000,000
     8 22    2.  FY 2004=2005................................. $ 23,000,000
     8 23    3.  FY 2005=2006................................. $ 75,000,000
     8 24    4.  FY 2006=2007................................. $ 75,000,000
     8 25    5.  FY 2007=2008................................. $ 75,000,000
     8 26    6.  FY 2008=2009................................. $ 75,000,000
     8 27    7.  FY 2009=2010................................. $ 75,000,000
     8 28    Sec. 18.  CASH RESERVE FUND.  There is appropriated
     8 29 from the grow Iowa values fund to the cash reserve
     8 30 fund for the fiscal year beginning July 1, 2004, and
     8 31 ending June 30, 2005, the following amount, or so much
     8 32 thereof as is necessary, to be used for the purposes
     8 33 designated:
     8 34    For replacing claims paid from the general fund of
     8 35 the state by the state appeal board as affirmed by
     8 36 this division of this Act:
     8 37 .................................................. $ 10,058,162
     8 38    Sec. 19.  PAYMENT OF CLAIMS.  The general assembly
     8 39 affirms the action by the state appeal board on August
     8 40 27, 2004, approving payment of claims against the
     8 41 state for moneys appropriated from the grow Iowa
     8 42 values fund and obligated prior to the Iowa supreme
     8 43 court decision of Rants and Iverson v. Vilsack, No.
     8 44 60/03=1948, June 16, 2004, that invalidated the proper
     8 45 enactment of the appropriations.
     8 46    Sec. 20.  Section 260C.18A, subsection 4, paragraph
     8 47 a, Code Supplement 2003, as reaffirmed and reenacted
     8 48 in part by division IV of this Act, is amended to read
     8 49 as follows:
     8 50    a.  Five One million nine hundred eighty=four
     9  1 thousand five hundred forty=three dollars for the
     9  2 fiscal year beginning July 1, 2003.
     9  3    Sec. 21.  EFFECTIVE DATE AND RETROACTIVE
     9  4 APPLICABILITY PROVISIONS.  This division of this Act,
     9  5 being deemed of immediate importance, takes effect
     9  6 upon enactment, and is retroactively applicable to
     9  7 July 1, 2003.
     9  8                       DIVISION IV
     9  9                WORKFORCE=RELATED ISSUES
     9 10    Sec. 22.  Section 260C.18A, subsection 2,
     9 11 unnumbered paragraph 1, subsection 4, paragraph e,
     9 12 subsection 6, paragraph d, and subsection 7, as
     9 13 published in Code Supplement 2003, are reaffirmed and
     9 14 reenacted in accordance with the provisions' enactment
     9 15 in 2003 Iowa Acts, First Extraordinary Session,
     9 16 chapter 2, section 76, including the following
     9 17 amendments to section 260C.18A:
     9 18    1.  2004 Iowa Acts, Senate File 2298, section 330.
     9 19    2.  2004 Iowa Acts, Senate File 2298, section 331.
     9 20    3.  2004 Iowa Acts, Senate File 2298, section 370.
     9 21    Sec. 23.  Section 260C.18A, Code Supplement 2003,
     9 22 as reaffirmed and reenacted in part by this division
     9 23 of this Act, is amended by adding the following new
     9 24 subsection:
     9 25    NEW SUBSECTION.  9.  This section is repealed
     9 26 effective July 1, 2010.
     9 27    Sec. 24.  Section 260F.9, Code Supplement 2003, is
     9 28 amended by adding the following new subsection:
     9 29    NEW SUBSECTION.  4.  This section is repealed
     9 30 effective July 1, 2010.
     9 31    Sec. 25.  Section 260F.10, as published in Code
     9 32 Supplement 2003, is reaffirmed and reenacted in
     9 33 accordance with its enactment in 2003 Iowa Acts, First
     9 34 Extraordinary Session, chapter 2, section 78.
     9 35    Sec. 26.  Section 260F.10, as reaffirmed and
     9 36 reenacted by this division of this Act, is amended by
     9 37 adding the following new unnumbered paragraph:
     9 38    NEW UNNUMBERED PARAGRAPH.  This section is repealed
     9 39 effective July 1, 2010.
     9 40    Sec. 27.  Section 260G.3, subsection 2, unnumbered
     9 41 paragraph 1, Code Supplement 2003, is amended to read
     9 42 as follows:
     9 43    An agreement may include reasonable and necessary
     9 44 provisions to implement the accelerated career
     9 45 education program.  If an agreement that utilizes
     9 46 program job credits is entered into, the community
     9 47 college and the employer shall notify the department
     9 48 of revenue as soon as possible.  The community college
     9 49 shall also file a copy of the agreement with the
     9 50 department of economic development as required in
    10  1 section 260G.4B.  The agreement shall provide for
    10  2 program costs, including deferred costs, which may be
    10  3 paid from any of the following sources:
    10  4    Sec. 28.  Section 260G.3, subsection 2, paragraph
    10  5 e, Code Supplement 2003, is amended to read as
    10  6 follows:
    10  7    e.  Moneys from a workforce training and economic
    10  8 development fund created in section 260C.18A, based on
    10  9 the number of program job positions agreed to by the
    10 10 employer to be available under the agreement, the
    10 11 amount of which shall be calculated in the same manner
    10 12 as the program job credits provided for in section
    10 13 260G.4A.  This paragraph is repealed July 1, 2010.
    10 14    Sec. 29.  Section 260G.10, as published in Code
    10 15 Supplement 2003, is reaffirmed and reenacted in
    10 16 accordance with its enactment in 2003 Iowa Acts, First
    10 17 Extraordinary Session, chapter 2, section 80.
    10 18    Sec. 30.  Section 260G.10, as reaffirmed and
    10 19 reenacted by this division of this Act, is amended by
    10 20 adding the following new unnumbered paragraph:
    10 21    NEW UNNUMBERED PARAGRAPH.  This section is repealed
    10 22 effective July 1, 2010.
    10 23    Sec. 31.  2003 Iowa Acts, First Extraordinary
    10 24 Session, chapter 2, section 93, is repealed.
    10 25    Sec. 32.  EFFECTIVE DATE AND RETROACTIVE
    10 26 APPLICABILITY PROVISIONS.
    10 27    1.  Except as otherwise provided in subsections 2
    10 28 and 3, this division of this Act, being deemed of
    10 29 immediate importance, takes effect upon enactment, and
    10 30 the reaffirmation and reenactment of 2004 Iowa Acts,
    10 31 Senate File 2298, section 370, is retroactively
    10 32 applicable to July 1, 2003.
    10 33    2.  The reaffirmation and reenactment of 2004 Iowa
    10 34 Acts, Senate File 2298, sections 330 and 331, being
    10 35 deemed of immediate importance, takes effect upon
    10 36 enactment, and is retroactively applicable to May 17,
    10 37 2004.
    10 38    3.  The amendment in this division of this Act to
    10 39 section 260G.3, subsection 2, unnumbered paragraph 1,
    10 40 takes effect July 1, 2010.
    10 41                       DIVISION V
    10 42          VALUE=ADDED AGRICULTURAL PRODUCTS AND
    10 43    PROCESSES FINANCIAL ASSISTANCE PROGRAM (VAAPPFAP)
    10 44    Sec. 33.  The amendments to section 15E.111,
    10 45 subsection 1, contained in 2003 Iowa Acts, First
    10 46 Extraordinary Session, chapter 1, sections 87 and 133,
    10 47 as published in Code Supplement 2003, pertaining to
    10 48 the value=added agricultural products and processes
    10 49 financial assistance program, are reaffirmed and
    10 50 reenacted.
    11  1    Sec. 34.  Section 15E.111, subsection 1, paragraph
    11  2 a, subparagraph (5), Code Supplement 2003, as
    11  3 reaffirmed and reenacted in this division of this Act,
    11  4 is amended to read as follows:
    11  5    (5)  Producer=owned, value=added businesses,
    11  6 education of producers and management boards in value=
    11  7 added businesses, and other activities that would
    11  8 support the infrastructure in the development of
    11  9 value=added agriculture.  Public ; and public and
    11 10 private joint ventures involving an institution of
    11 11 higher learning under the control of the state board
    11 12 of regents or a private college or university to
    11 13 acquire acquiring assets, research facilities, and
    11 14 leverage moneys in a manner that meets the goals of
    11 15 the grow Iowa values fund.  For purposes of this
    11 16 subsection, "producer=owned, valued=added business"
    11 17 means a person who holds an equity interest in the
    11 18 agricultural business and is personally involved in
    11 19 the production of crops or livestock on a regular,
    11 20 continuous, and substantial basis.
    11 21    Sec. 35.  Section 15E.111, subsection 1, as
    11 22 reaffirmed and reenacted in this division of this Act,
    11 23 is amended by adding the following new paragraph:
    11 24    NEW PARAGRAPH.  c.  The amendments to this
    11 25 subsection, as reaffirmed and reenacted in this Act,
    11 26 are repealed effective July 1, 2010.
    11 27    Sec. 36.  EFFECTIVE DATE AND RETROACTIVE
    11 28 APPLICABILITY PROVISIONS.  This division of this Act,
    11 29 being deemed of immediate importance, takes effect
    11 30 upon enactment, and is retroactively applicable to
    11 31 July 1, 2003.
    11 32                       DIVISION VI
    11 33                    ENDOW IOWA GRANTS
    11 34    Sec. 37.  The following provisions, as published in
    11 35 Iowa Code Supplement 2003, pertaining to endow Iowa
    11 36 grants, are reaffirmed and reenacted:
    11 37    1.  Section 15E.301.
    11 38    2.  Section 15E.302.
    11 39    3.  Section 15E.303.
    11 40    4.  Section 15E.304.
    11 41    5.  Section 15E.306.
    11 42    6.  Section 422.11H.
    11 43    7.  Section 422.33, subsection 14.
    11 44    8.  Section 422.60, subsection 7.
    11 45    9.  Section 432.12D.
    11 46    10.  Section 533.24, subsection 5.
    11 47    Sec. 38.  NEW SECTION.  15E.307  ENDOW IOWA GRANTS
    11 48 AND TAX CREDIT == REPEAL.
    11 49    This division is repealed effective July 1, 2010.
    11 50    Sec. 39.  Section 422.11H, Code Supplement 2003, as
    12  1 reaffirmed and reenacted by this division of this Act,
    12  2 is amended by adding the following new unnumbered
    12  3 paragraph:
    12  4    NEW UNNUMBERED PARAGRAPH.  This section is repealed
    12  5 effective July 1, 2010.
    12  6    Sec. 40.  Section 422.33, subsection 14, Code
    12  7 Supplement 2003, as reaffirmed and reenacted by this
    12  8 division of this Act, is amended by adding the
    12  9 following new unnumbered paragraph:
    12 10    NEW UNNUMBERED PARAGRAPH.  This subsection is
    12 11 repealed effective July 1, 2010.
    12 12    Sec. 41.  Section 422.60, subsection 7, Code
    12 13 Supplement 2003, as reaffirmed and reenacted by this
    12 14 division of this Act, is amended by adding the
    12 15 following new unnumbered paragraph:
    12 16    NEW UNNUMBERED PARAGRAPH.  This subsection is
    12 17 repealed effective July 1, 2010.
    12 18    Sec. 42.  Section 432.12D, Code Supplement 2003, as
    12 19 reaffirmed and reenacted by this division of this Act,
    12 20 is amended by adding the following new unnumbered
    12 21 paragraph:
    12 22    NEW UNNUMBERED PARAGRAPH.  This section is repealed
    12 23 effective July 1, 2010.
    12 24    Sec. 43.  Section 533.24, subsection 5, Code
    12 25 Supplement 2003, as reaffirmed and reenacted by this
    12 26 division of this Act, is amended by adding the
    12 27 following new unnumbered paragraph:
    12 28    NEW UNNUMBERED PARAGRAPH.  This subsection is
    12 29 repealed effective July 1, 2010.
    12 30    Sec. 44.  EFFECTIVE DATE AND RETROACTIVE
    12 31 APPLICABILITY PROVISIONS.  This division of this Act,
    12 32 being deemed of immediate importance, takes effect
    12 33 upon enactment, and is retroactively applicable to
    12 34 January 1, 2003, for tax years beginning on or after
    12 35 that date.
    12 36                      DIVISION VII
    12 37          COMMERCIALIZATION OF RESEARCH ISSUES
    12 38    Sec. 45.  The following provisions, as published in
    12 39 Iowa Code Supplement 2003, pertaining to
    12 40 commercialization of research issues, are reaffirmed
    12 41 and reenacted:
    12 42    1.  Section 262.9, subsection 31.
    12 43    2.  The amendment to section 262B.1.
    12 44    3.  The amendment to section 262B.2.
    12 45    4.  The amendment to section 262B.3.
    12 46    5.  The amendment to section 262B.5.
    12 47    Sec. 46.  Section 262.9, subsection 31, Code
    12 48 Supplement 2003, as reaffirmed and reenacted by this
    12 49 division of this Act, is amended by adding the
    12 50 following new unnumbered paragraph:
    13  1    NEW UNNUMBERED PARAGRAPH.  This subsection is
    13  2 repealed effective July 1, 2010.
    13  3    Sec. 47.  NEW SECTION.  262B.4  DUTIES OF THE
    13  4 CONSORTIUM.
    13  5    1.  Each consortium shall assist the university in
    13  6 efforts to maximize the economic benefits outlined in
    13  7 section 262B.2.  More specifically, it shall assist
    13  8 the university by making recommendations for:
    13  9    a.  The development of strategies and materials
    13 10 useful in marketing university resources to out=of=
    13 11 state firms interested in an Iowa site.
    13 12    b.  Matching university resources with the needs of
    13 13 existing Iowa firms.
    13 14    c.  Evaluation of university research for
    13 15 commercial potential.
    13 16    d.  The development of a plan that will improve
    13 17 private sector access to the university and the
    13 18 transfer of technology from the university to the
    13 19 private sector.
    13 20    2.  In order to carry out its objectives the
    13 21 consortium shall perform, but is not limited to, the
    13 22 following tasks:
    13 23    a.  Receive and review selected research synopses.
    13 24    b.  Disseminate information on research activities
    13 25 of the university.
    13 26    c.  Identify research needs of existing Iowa
    13 27 businesses and recommend ways in which the university
    13 28 can meet these needs.
    13 29    d.  On a case=by=case basis, suggest business and
    13 30 financial tactics useful in realizing the commercial
    13 31 potential of university research projects.
    13 32    e.  Provide applied technical referral services, if
    13 33 appropriate, including but not limited to the
    13 34 following duties:
    13 35    (1)  To determine and evaluate the research or
    13 36 applied technology needs of businesses and farms
    13 37 requesting assistance.
    13 38    (2)  To recommend technology transfer strategies to
    13 39 farms for more efficient production of agricultural
    13 40 commodities, or to businesses for developing and
    13 41 testing new products, adapting new technologies to
    13 42 manufacturing processes or methods, conducting
    13 43 marketing analyses of new products or processes, and
    13 44 identifying potential financing on new technology=
    13 45 based products or manufacturing processes.
    13 46    (3)  To refer businesses and farmers to
    13 47 universities, community colleges, small business
    13 48 development centers, other private businesses, and
    13 49 other research and technology transfer activities and
    13 50 programs which are beneficial to the development of
    14  1 new products and the application of technology.
    14  2    Sec. 48.  NEW SECTION.  262B.7  REPEAL.
    14  3    The amendments to sections 262B.1, 262B.2, 262B.3,
    14  4 and 262B.5, and this section are repealed effective
    14  5 July 1, 2010.
    14  6    Sec. 49.  Section 262B.4, Code 2003, is repealed.
    14  7    Sec. 50.  EFFECTIVE DATE AND RETROACTIVE
    14  8 APPLICABILITY PROVISIONS.
    14  9    1.  This division of this Act, being deemed of
    14 10 immediate importance, takes effect upon enactment, and
    14 11 is retroactively applicable to July 1, 2003.
    14 12    2.  New section 262B.4, replacing repealed section
    14 13 262B.4, takes effect July 1, 2010.
    14 14                      DIVISION VIII
    14 15             LOAN AND CREDIT GUARANTEE FUND
    14 16    Sec. 51.  The following provisions, as published in
    14 17 Iowa Code Supplement 2003, pertaining to the economic
    14 18 development loan and credit guarantee fund, are
    14 19 reaffirmed and reenacted:
    14 20    1.  Section 15E.221.
    14 21    2.  Section 15E.222.
    14 22    3.  Section 15E.223.
    14 23    4.  Section 15E.224.
    14 24    5.  Section 15E.225.
    14 25    6.  Section 15E.226.
    14 26    7.  Section 15E.227, subsection 2, paragraph "c".
    14 27    Sec. 52.  NEW SECTION.  15E.228  LOAN AND CREDIT
    14 28 GUARANTEE FUND == REPEAL.
    14 29    This division is repealed effective July 1, 2010.
    14 30    Sec. 53.  EFFECTIVE DATE AND RETROACTIVE
    14 31 APPLICABILITY PROVISIONS.  This division of this Act,
    14 32 being deemed of immediate importance, takes effect
    14 33 upon enactment, and is retroactively applicable to
    14 34 July 1, 2003.
    14 35                       DIVISION IX
    14 36         ECONOMIC ASSISTANCE AND DATA COLLECTION
    14 37    Sec. 54.  Section 15E.20, as published in Iowa Code
    14 38 Supplement 2003, pertaining to business start=up
    14 39 information, is reaffirmed and reenacted.
    14 40    Sec. 55.  Section 15E.20, Code Supplement 2003, as
    14 41 reaffirmed and reenacted by this division of this Act,
    14 42 is amended by adding the following new unnumbered
    14 43 paragraph:
    14 44    NEW UNNUMBERED PARAGRAPH.  This section is repealed
    14 45 effective July 1, 2010.
    14 46    Sec. 56.  INTERNET WEB SITE DEVELOPMENT.  In
    14 47 developing the internet web site required in section
    14 48 15E.20, the department of economic development shall
    14 49 examine similar efforts in other states and
    14 50 incorporate the best practices.
    15  1    Sec. 57.  EFFECTIVE DATE AND RETROACTIVE
    15  2 APPLICABILITY PROVISIONS.  This division of this Act,
    15  3 being deemed of immediate importance, takes effect
    15  4 upon enactment, and is retroactively applicable to
    15  5 July 1, 2003.
    15  6                       DIVISION X
    15  7          CULTURAL AND ENTERTAINMENT DISTRICTS
    15  8    Sec. 58.  Section 303.3B, as published in Iowa Code
    15  9 Supplement 2003, pertaining to cultural and
    15 10 entertainment districts, is reaffirmed and reenacted.
    15 11    Sec. 59.  Section 303.3B, Code Supplement 2003, as
    15 12 reaffirmed and reenacted by this division of this Act,
    15 13 is amended by adding the following new subsection:
    15 14    NEW SUBSECTION.  4.  This section is repealed
    15 15 effective July 1, 2010.
    15 16    Sec. 60.  EFFECTIVE DATE AND RETROACTIVE
    15 17 APPLICABILITY PROVISIONS.  This division of this Act,
    15 18 being deemed of immediate importance, takes effect
    15 19 upon enactment, and is retroactively applicable to
    15 20 July 1, 2003.
    15 21                       DIVISION XI
    15 22      UNIVERSITY=BASED RESEARCH UTILIZATION PROGRAM
    15 23    Sec. 61.  The following provisions, as published in
    15 24 Iowa Code Supplement 2003, pertaining to the
    15 25 university=based research utilization program, are
    15 26 reaffirmed and reenacted:
    15 27    1.  Section 262B.11.
    15 28    2.  Section 262B.12.
    15 29    3.  Section 422.11I.
    15 30    4.  Section 422.33, subsection 15.
    15 31    Sec. 62.  Section 262B.11, subsections 1, 2, 3, and
    15 32 4, Code Supplement 2003, as reaffirmed and reenacted
    15 33 by this division of this Act, are amended to read as
    15 34 follows:
    15 35    1.  The department of economic development shall
    15 36 establish and administer a university=based research
    15 37 utilization program for purposes of encouraging the
    15 38 utilization of university=based research, primarily in
    15 39 the area of high technology, in new or existing
    15 40 businesses.  The program shall include the three
    15 41 universities under the control of the state board of
    15 42 regents, community colleges established under chapter
    15 43 260C, and all accredited private universities located
    15 44 in the state.  For purposes of this section,
    15 45 "educational institution" means a university under the
    15 46 control of the state board of regents, a community
    15 47 college established under chapter 260C, or an
    15 48 accredited private university located in the state.
    15 49    2.  A new or existing business that utilizes a
    15 50 technology developed by an employee at a university
    16  1 under the control of the state board of regents an
    16  2 educational institution may apply to the department of
    16  3 economic development for approval to participate in
    16  4 the university=based research utilization program.
    16  5 The department shall approve an applicant if the
    16  6 applicant meets all of the following criteria:
    16  7    a.  The applicant utilizes a technology developed
    16  8 by an employee at a university under the control of
    16  9 the state board of regents an educational institution,
    16 10 provided that the technology has received a patent
    16 11 after July 1, 2003.  If the applicant has been in
    16 12 existence more than one year prior to applying, the
    16 13 applicant shall organize a separate company to utilize
    16 14 the technology.  For purposes of this section, the
    16 15 separate company shall be considered the applicant
    16 16 and, if approved, the approved business.
    16 17    b.  The applicant develops a five=year business
    16 18 plan approved by the department.  The plan shall
    16 19 include information concerning the applicant's Iowa
    16 20 employment goals and projected impact on the Iowa
    16 21 economy.  The department shall only approve plans
    16 22 showing sufficient potential impact on Iowa employment
    16 23 and economic development.
    16 24    c.  The applicant meets a minimum=size business
    16 25 standard determined by the department.
    16 26    d.  The applicant provides annual reports to the
    16 27 department that include employment statistics for the
    16 28 applicant and the total taxable wages paid to Iowa
    16 29 employees and reported to the department of revenue
    16 30 pursuant to section 422.16.
    16 31    3.  A business approved under the program and the
    16 32 university employee of an educational institution
    16 33 responsible for the development of the technology
    16 34 utilized by the approved business shall be eligible
    16 35 for a tax credit.  The credit shall be allowed against
    16 36 the taxes imposed in chapter 422, divisions II and
    16 37 III.  An individual may claim a tax credit under this
    16 38 section of a partnership, limited liability company, S
    16 39 corporation, estate, or trust electing to have income
    16 40 taxed directly to the individual.  The amount claimed
    16 41 by the individual shall be based upon the pro rata
    16 42 share of the individual's earnings from the
    16 43 partnership, limited liability company, S corporation,
    16 44 estate, or trust.  A tax credit shall not be claimed
    16 45 under this subsection unless a tax credit certificate
    16 46 issued by the department of economic development is
    16 47 attached to the taxpayer's tax return for the tax year
    16 48 for which the tax credit is claimed.  The amount of a
    16 49 tax credit allowed under this subsection shall equal
    16 50 the amount listed on a tax credit certificate issued
    17  1 by the department of economic development pursuant to
    17  2 subsection 4.  A tax credit certificate shall not be
    17  3 transferable.  Any tax credit in excess of the
    17  4 taxpayer's liability for the tax year may be credited
    17  5 to the taxpayer's tax liability for the following five
    17  6 years or until depleted, whichever occurs first.  A
    17  7 tax credit shall not be carried back to a tax year
    17  8 prior to the tax year in which the taxpayer redeems
    17  9 the tax credit.
    17 10    4.  For the five tax years following the tax year
    17 11 in which a business is approved under the program, the
    17 12 department of revenue shall provide the department of
    17 13 economic development with information required by the
    17 14 department of economic development from each tax
    17 15 return filed by the approved business.  Upon receiving
    17 16 the tax return=related information, the department of
    17 17 economic development shall do all of the following:
    17 18    a.  Review the information provided by the
    17 19 department of revenue pursuant to this subsection and
    17 20 the annual report submitted by the applicant pursuant
    17 21 to subsection 2, paragraph "d".  If the department
    17 22 determines that the business activities of the
    17 23 applicant are not providing the benefits to Iowa
    17 24 employment and economic development projected in the
    17 25 applicant's approved five=year business plan, the
    17 26 department shall not issue tax credit certificates for
    17 27 that year to the applicant or university employee of
    17 28 an educational institution and shall determine any
    17 29 related university share to be equal to zero for that
    17 30 year.
    17 31    b.  Effective for the fiscal year beginning July 1,
    17 32 2004, and for subsequent fiscal years, issue a tax
    17 33 credit certificate to the approved business and the
    17 34 university employee of an educational institution
    17 35 responsible for the development of the technology
    17 36 utilized by the approved business in an amount
    17 37 determined pursuant to subsection 5.  A tax credit
    17 38 certificate shall contain the taxpayer's name,
    17 39 address, tax identification number, the amount of the
    17 40 tax credit, and other information required by the
    17 41 department of revenue.
    17 42    c.  (1)  Determine If the educational institution
    17 43 at issue is a university under the control of the
    17 44 state board of regents, determine the university share
    17 45 which is equal to the value of thirty percent of the
    17 46 tax liability of the approved business for purposes of
    17 47 making an appropriation pursuant to section 262B.12,
    17 48 to the university where the technology utilized by the
    17 49 approved business was developed.  A university share
    17 50 shall not exceed two hundred twenty=five thousand
    18  1 dollars per year per technology utilized.  For each
    18  2 technology utilized, the aggregate university share
    18  3 over a five=year period shall not exceed six hundred
    18  4 thousand dollars.
    18  5    (2)  The department shall maintain records for each
    18  6 university during each fiscal year regarding the
    18  7 university share each university is entitled to
    18  8 receive through the appropriation in section 262B.12.
    18  9 A university shall be entitled to receive the total
    18 10 university share for that particular university during
    18 11 the previous fiscal year.
    18 12    d.  For the fiscal year beginning July 1, 2004, not
    18 13 more than two million dollars worth of certificates
    18 14 shall be issued pursuant to paragraph "b".  For the
    18 15 fiscal year beginning July 1, 2005, and every fiscal
    18 16 year thereafter, not more than ten million dollars
    18 17 worth of certificates shall be issued pursuant to
    18 18 paragraph "b".
    18 19    Sec. 63.  Section 262B.11, subsection 5, paragraph
    18 20 b, Code Supplement 2003, as reaffirmed and reenacted
    18 21 by this division of this Act, is amended to read as
    18 22 follows:
    18 23    b.  For the university employee of an educational
    18 24 institution responsible for the development of the
    18 25 technology utilized by the approved business, the
    18 26 value of the tax credit certificate shall equal ten
    18 27 percent of the tax liability of the approved business.
    18 28 If more than one employee is responsible for the
    18 29 development of the technology, the value equal to ten
    18 30 percent of the tax liability of the approved business
    18 31 shall be divided equally and individual tax credit
    18 32 certificates shall be issued to each employee
    18 33 responsible for the development of the technology.
    18 34 Each year, the total value of a certificate or
    18 35 certificates issued for a utilized technology shall
    18 36 not exceed seventy=five thousand dollars.  For each
    18 37 technology utilized, the total aggregate value of
    18 38 certificates issued over a five=year period to the
    18 39 university employee of an educational institution
    18 40 responsible for the development of the technology
    18 41 shall not exceed two hundred thousand dollars.
    18 42    Sec. 64.  Section 262B.11, Code Supplement 2003, as
    18 43 reaffirmed, reenacted, and amended by this division of
    18 44 this Act, is amended by adding the following new
    18 45 subsection:
    18 46    NEW SUBSECTION.  7.  This section is repealed
    18 47 effective July 1, 2010.
    18 48    Sec. 65.  Section 262B.12, Code 2003, is amended by
    18 49 adding the following new unnumbered paragraph:
    18 50    NEW UNNUMBERED PARAGRAPH.  This section is repealed
    19  1 effective July 1, 2010.
    19  2    Sec. 66.  Section 422.11I, Code Supplement 2003, as
    19  3 reaffirmed and reenacted by this division of this Act,
    19  4 is amended by adding the following new unnumbered
    19  5 paragraph:
    19  6    NEW UNNUMBERED PARAGRAPH.  This section is repealed
    19  7 effective July 1, 2010.
    19  8    Sec. 67.  Section 422.33, subsection 15, Code
    19  9 Supplement 2003, as reaffirmed and reenacted by this
    19 10 division of this Act, is amended by adding the
    19 11 following new unnumbered paragraph:
    19 12    NEW UNNUMBERED PARAGRAPH.  This subsection is
    19 13 repealed effective July 1, 2010.
    19 14    Sec. 68.  2004 Iowa Acts, House File 2431, is
    19 15 repealed.
    19 16    Sec. 69.  EFFECTIVE DATE AND RETROACTIVE
    19 17 APPLICABILITY PROVISIONS.
    19 18    1.  The section of this division of this Act
    19 19 reaffirming and reenacting sections 262B.11, 262B.12,
    19 20 422.11I, and 422.33, subsection 15, being deemed of
    19 21 immediate importance, takes effect upon enactment, and
    19 22 applies retroactively to July 1, 2003.
    19 23    2.  The section of this division of this Act
    19 24 amending section 262B.11, as reaffirmed and reenacted
    19 25 by this division of this Act, and the sections of this
    19 26 division of this Act not addressed in subsection 1,
    19 27 being deemed of immediate importance, take effect upon
    19 28 enactment.
    19 29                      DIVISION XII
    19 30           UNEMPLOYMENT COMPENSATION SURCHARGE
    19 31    Sec. 70.  The following provisions, as published in
    19 32 Iowa Code Supplement 2003, pertaining to the
    19 33 unemployment compensation surcharge, are reaffirmed
    19 34 and reenacted:
    19 35    1.  Section 96.7, subsection 12, paragraph "a",
    19 36 including the amendment to the paragraph made in 2004
    19 37 Iowa Acts, House File 2208, section 21.
    19 38    2.  Section 96.7, subsection 12, paragraph "d".
    19 39    Sec. 71.  EFFECTIVE DATE AND RETROACTIVE
    19 40 APPLICABILITY PROVISIONS.  This division of this Act,
    19 41 being deemed of immediate importance, takes effect
    19 42 upon enactment, and is retroactively applicable to
    19 43 July 1, 2003.
    19 44
    19 45                      DIVISION XIII
    19 46                  ECONOMIC DEVELOPMENT
    19 47    Sec. 72.  The following provisions, as published in
    19 48 Iowa Code Supplement 2003, pertaining to economic
    19 49 development, are reaffirmed and reenacted:
    19 50    1.  Section 15E.18.
    20  1    2.  Section 15E.19.
    20  2    Sec. 73.  EFFECTIVE DATE AND RETROACTIVE
    20  3 APPLICABILITY PROVISIONS.  This division of this Act,
    20  4 being deemed of immediate importance, takes effect
    20  5 upon enactment, and is retroactively applicable to
    20  6 July 1, 2003.
    20  7                      DIVISION XIV
    20  8           REHABILITATION PROJECT TAX CREDITS
    20  9    Sec. 74.  Section 404A.4, subsection 4, as
    20 10 published in Code Supplement 2003, is reaffirmed and
    20 11 reenacted, including the amendments in 2004 Iowa Acts,
    20 12 House File 401, section 1, and Senate File 2298,
    20 13 section 395.
    20 14    Sec. 75.  Section 404A.4, subsection 4, as
    20 15 reaffirmed and reenacted by this division of this Act,
    20 16 is amended by adding the following new unnumbered
    20 17 paragraph:
    20 18    NEW UNNUMBERED PARAGRAPH.  This subsection is
    20 19 repealed effective July 1, 2010.>
    20 20 #2.  Title page, by striking lines 1 through 3 and
    20 21 inserting the following:  <An Act relating to
    20 22 regulatory, taxation, and statutory requirements
    20 23 affecting individuals and business relating to
    20 24 economic development and unemployment contribution
    20 25 surcharges, making appropriations,>.
    20 26
    20 27
    20 28                               
    20 29 MICHAEL E. GRONSTAL
    20 30
    20 31
    20 32                               
    20 33 DARYL BEALL
    20 34
    20 35
    20 36                               
    20 37 DENNIS H. BLACK
    20 38
    20 39
    20 40                               
    20 41 JOE BOLKCOM
    20 42
    20 43
    20 44                               
    20 45 THOMAS G. COURTNEY
    20 46
    20 47
    20 48                               
    20 49 WILLIAM A. DOTZLER
    20 50
    21  1
    21  2                               
    21  3 ROBERT E. DVORSKY
    21  4
    21  5
    21  6                               
    21  7 GENE FRAISE
    21  8
    21  9
    21 10                               
    21 11 JACK HATCH
    21 12
    21 13
    21 14                               
    21 15 JACK HOLVECK
    21 16
    21 17
    21 18                               
    21 19 WALLY E. HORN
    21 20
    21 21
    21 22                               
    21 23 JOHN P. KIBBIE
    21 24
    21 25
    21 26                               
    21 27 KEITH KREIMAN
    21 28
    21 29
    21 30                               
    21 31 MATT McCOY
    21 32
    21 33
    21 34                               
    21 35 HERMAN QUIRMBACH
    21 36
    21 37
    21 38                               
    21 39 AMANDA RAGAN
    21 40
    21 41
    21 42                               
    21 43 DR. JOE M. SENG
    21 44
    21 45
    21 46                               
    21 47 ROGER STEWART
    21 48
    21 49
    21 50                               
    22  1 STEVE H. WARNSTADT
    22  2 SF 2311.702 80
    22  3 tm/gg

                              -1-