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 -1-