House Amendment 1158


PAG LIN




     1  1    Amend House File 809 as follows:
     1  2 #1.  Page 2, line 10, by striking the figure
     1  3 <57.00> and inserting the following:  <57.50>.
     1  4 #2.  Page 10, by inserting after line 17 the
     1  5 following:
     1  6    <Sec.    .  JUNIOR ENTREPRENEUR TRAINING ASSISTANCE
     1  7 PROGRAM.  There is appropriated from the general fund
     1  8 of the state to the department of economic development
     1  9 for the fiscal year beginning July 1, 2005, and ending
     1 10 June 30, 2006, two hundred thousand forty dollars for
     1 11 purposes of providing matching grants under the junior
     1 12 entrepreneur training assistance program.  Of the
     1 13 moneys appropriated pursuant to this section, the
     1 14 department shall provide at least twenty matching
     1 15 grants of not more than ten thousand dollars per
     1 16 grant.  The department may use any remaining moneys
     1 17 for administrative purposes.
     1 18    Sec.    .  Section 15.313, subsection 2, Code 2005,
     1 19 is amended by adding the following new paragraph:
     1 20    NEW PARAGRAPH.  h.  To provide matching grants
     1 21 under the junior entrepreneur training assistance
     1 22 program as provided in section 15E.323.
     1 23    Sec.    .  NEW SECTION.  15E.321  SHORT TITLE.
     1 24    This division shall be known and may be cited as
     1 25 the "Junior Entrepreneur Training Act".
     1 26    Sec.    .  NEW SECTION.  15E.322  JUNIOR
     1 27 ENTREPRENEUR TRAINING ASSISTANCE PROGRAM.
     1 28    1.  The department of economic development shall
     1 29 establish a junior entrepreneur training assistance
     1 30 program to encourage and assist private businesses and
     1 31 organizations to establish junior entrepreneur
     1 32 training programs that would operate in conjunction or
     1 33 cooperation with a local school district.
     1 34    2.  a.  A junior entrepreneur training program
     1 35 established by a private business or organization
     1 36 shall be designed to do all of the following:
     1 37    (1)  Encourage interest in starting or operating a
     1 38 business.
     1 39    (2)  Educate participants regarding the potential
     1 40 advantages and rewards of self=employment.
     1 41    (3)  Engage business professionals and successful
     1 42 entrepreneurs in introducing participants to the
     1 43 basics of business ownership and management.
     1 44    (4)  Assist past participants in the program who
     1 45 start or purchase a business in developing mentoring
     1 46 relationships with successful local businesspersons.
     1 47    b.  The department shall give funding and
     1 48 assistance priority to a junior entrepreneur training
     1 49 program that concentrates its efforts on attracting
     1 50 participants who lack significant exposure to
     2  1 entrepreneurship role models including, but not
     2  2 limited to, persons from economically disadvantaged
     2  3 backgrounds or populations traditionally
     2  4 underrepresented in the local business community.
     2  5    Sec.    .  NEW SECTION.  15E.323  FUNDING.
     2  6    The department may provide a matching grant to a
     2  7 private business or organization that establishes a
     2  8 junior entrepreneur training program.  A matching
     2  9 grant shall provide one dollar for every two dollars
     2 10 in private matching moneys.
     2 11    Sec.    .  NEW SECTION.  15E.324  RULES.
     2 12    The department shall adopt rules pursuant to
     2 13 chapter 17A necessary for the administration of this
     2 14 division.>
     2 15 #3.  By renumbering as necessary.
     2 16
     2 17
     2 18                               
     2 19 FORD of Polk
     2 20 HF 809.704 81
     2 21 tm/gg/2608

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