House Amendment 1554 PAG LIN 1 1 Amend the Senate amendment, H=1544, to House File 1 2 809, as amended, passed, and reprinted by the House, 1 3 as follows: 1 4 #1. Page 1, by inserting after line 7 the 1 5 following: 1 6 <# . Page 10, by inserting after line 31 the 1 7 following: 1 8 <Sec. . ENDOW IOWA GRANTS APPROPRIATIONS. 1 9 1. There is appropriated from the general fund of 1 10 the state to the department of economic development 1 11 for the fiscal period beginning July 1, 2005, and 1 12 ending June 30, 2008, the following amounts, or so 1 13 much thereof as is necessary, to be used for the 1 14 purpose designated: 1 15 For endow Iowa grants to lead philanthropic 1 16 entities pursuant to section 15E.304: 1 17 FY 2005=2006.......................................$ 50,000 1 18 FY 2006=2007.......................................$ 50,000 1 19 FY 2007=2008.......................................$ 50,000 1 20 2. Notwithstanding section 8.33, moneys that 1 21 remain unexpended at the end of the fiscal year shall 1 22 not revert to any fund but shall remain available for 1 23 expenditure for the designated purposes during the 1 24 succeeding fiscal year. 1 25 Sec. . NEW SECTION. 15G.110 APPROPRIATION. 1 26 For the fiscal period beginning July 1, 2005, and 1 27 ending June 30, 2015, there is appropriated to the 1 28 department of economic development each fiscal year 1 29 fifty million dollars from the general fund of the 1 30 state for deposit in the grow Iowa values fund. 1 31 Sec. . NEW SECTION. 15G.111 APPROPRIATIONS. 1 32 1. a. For the fiscal period beginning July 1, 1 33 2005, and ending June 30, 2015, there is appropriated 1 34 each fiscal year from the grow Iowa values fund 1 35 created in section 15G.108, if enacted, to the 1 36 department of economic development thirty=five million 1 37 dollars for programs administered by the department of 1 38 economic development. 1 39 b. Each year that moneys are appropriated under 1 40 this subsection, the department shall allocate a 1 41 percentage of the moneys for each of the following 1 42 types of activities: 1 43 (1) Business start=ups. 1 44 (2) Business expansion. 1 45 (3) Business modernization. 1 46 (4) Business attraction. 1 47 (5) Business retention. 1 48 (6) Marketing. 1 49 (7) Research and development. 1 50 c. The department shall require an applicant for 2 1 moneys appropriated under this subsection to include 2 2 in the application a statement regarding the intended 2 3 return on investment. A recipient of moneys 2 4 appropriated under this subsection shall annually 2 5 submit a statement to the department regarding the 2 6 progress achieved on the intended return on investment 2 7 stated in the application. The department, in 2 8 cooperation with the department of revenue, shall 2 9 develop a method of identifying and tracking each new 2 10 job created and the leveraging of moneys through 2 11 financial assistance from moneys appropriated under 2 12 this subsection. The department of economic 2 13 development shall identify research and development 2 14 activities funded through financial assistance from 2 15 not more than ten percent of the moneys appropriated 2 16 under this subsection, and, instead of determining 2 17 return on investment and job creation for the 2 18 identified funding, determine the potential impact on 2 19 the state's economy. 2 20 d. The department may use moneys appropriated 2 21 under this subsection to procure technical assistance 2 22 from either the public or private sector, for 2 23 information technology purposes, for a statewide labor 2 24 shed study, and for rail, air, or river port 2 25 transportation=related purposes. The use of moneys 2 26 appropriated for rail, air, or river port 2 27 transportation=related purposes must be directly 2 28 related to an economic development project and the 2 29 moneys must be used to leverage other financial 2 30 assistance moneys. 2 31 e. Of the moneys appropriated under this 2 32 subsection, the department may use up to one and one= 2 33 half percent for administrative purposes. 2 34 f. The Iowa economic development board shall 2 35 approve or deny applications for financial assistance 2 36 provided with moneys appropriated under this 2 37 subsection. In providing such financial assistance, 2 38 the board shall, whenever possible, coordinate the 2 39 assistance with other programs administered by the 2 40 department of economic development, including the 2 41 community economic betterment program established in 2 42 section 15.317 and the value=added agricultural 2 43 products and processes financial assistance program 2 44 established in section 15E.111. 2 45 g. It is the policy of this state to expand and 2 46 stimulate the state economy by advancing, promoting, 2 47 and expanding biotechnology industries in this state. 2 48 To implement this policy, the Iowa economic 2 49 development board shall consider providing assistance 2 50 to projects that increase value=added income to 3 1 individuals or organizations involved in agricultural 3 2 business or biotechnology projects. Such a project 3 3 need not create jobs specific to the project site; 3 4 however, such a project must foster the knowledge and 3 5 creativity necessary to promote the state's 3 6 agricultural economy and to increase employment in 3 7 urban and rural areas as a result. 3 8 2. For the fiscal period beginning July 1, 2005, 3 9 and ending June 30, 2015, there is appropriated each 3 10 fiscal year from the grow Iowa values fund created in 3 11 section 15G.108, if enacted, to the department of 3 12 economic development five million dollars for 3 13 financial assistance to institutions of higher 3 14 learning under the control of the state board of 3 15 regents and to accredited private universities in this 3 16 state for capacity building infrastructure in areas 3 17 related to technology commercialization, for marketing 3 18 and business development efforts in areas related to 3 19 technology commercialization, entrepreneurship, and 3 20 business growth, and for infrastructure projects and 3 21 programs needed to assist in the implementation of 3 22 activities under chapter 262B, if so amended. In 3 23 allocating moneys to institutions under the control of 3 24 the state board of regents, the board shall require 3 25 the institutions to provide a one=to=one match of 3 26 additional moneys for the activities funded with 3 27 moneys appropriated under this subsection. The state 3 28 board of regents shall annually prepare a report for 3 29 submission to the governor, the general assembly, and 3 30 the legislative services agency regarding the 3 31 activities, projects, and programs funded with moneys 3 32 appropriated under this subsection. 3 33 The state board of regents may allocate any moneys 3 34 appropriated under this subsection and received from 3 35 the department for financial assistance to a single 3 36 biosciences development organization determined by the 3 37 department to possess expertise in promoting the area 3 38 of bioscience entrepreneurship. The organization must 3 39 be composed of representatives of both the public and 3 40 the private sector and shall be composed of subunits 3 41 or subcommittees in the areas of existing identified 3 42 biosciences platforms, education and workforce 3 43 development, commercialization, communication, policy 3 44 and governance, and finance. Such financial 3 45 assistance shall be used for purposes of activities 3 46 related to biosciences and bioeconomy development 3 47 under chapter 262B, if so amended. 3 48 3. For the fiscal period beginning July 1, 2005, 3 49 and ending June 30, 2015, there is appropriated each 3 50 fiscal year from the grow Iowa values fund created in 4 1 section 15G.108, if enacted, to the department of 4 2 economic development one million dollars for purposes 4 3 of providing financial assistance for projects in 4 4 targeted state parks, state banner parks, and 4 5 destination parks. The department of natural 4 6 resources shall submit a plan to the department of 4 7 economic development for the expenditure of moneys 4 8 appropriated under this subsection. The plan shall 4 9 focus on improving state parks, state banner parks, 4 10 and destination parks for economic development 4 11 purposes. Based on the report submitted, the 4 12 department of economic development shall provide 4 13 financial assistance to the department of natural 4 14 resources for support of state parks, state banner 4 15 parks, and destination parks. For purposes of this 4 16 subsection, "state banner park" means a park with 4 17 multiple uses and which focuses on the economic 4 18 development benefits of a community or area of the 4 19 state. 4 20 4. For the fiscal period beginning July 1, 2005, 4 21 and ending June 30, 2015, there is appropriated each 4 22 fiscal year from the grow Iowa values fund created in 4 23 section 15G.108, if enacted, to the office of the 4 24 treasurer of state one million dollars for deposit in 4 25 the Iowa cultural trust fund created in section 4 26 303A.4. 4 27 5. For the fiscal period beginning July 1, 2005, 4 28 and ending June 30, 2015, there is appropriated each 4 29 fiscal year from the grow Iowa values fund created in 4 30 section 15G.108, if enacted, to the department of 4 31 economic development seven million dollars for deposit 4 32 into the workforce training and economic development 4 33 funds of the community colleges created pursuant to 4 34 section 260C.18A. 4 35 6. a. For the fiscal period beginning July 1, 4 36 2005, and ending June 30, 2015, there is appropriated 4 37 each fiscal year from the grow Iowa values fund 4 38 created in section 15G.108, if enacted, to the 4 39 department of economic development one million dollars 4 40 for providing economic development region financial 4 41 assistance under section 15E.232, subsections 3, 4, 5, 4 42 and 6, if enacted, and under section 15E.233, if 4 43 enacted. 4 44 b. Of the moneys appropriated in this subsection, 4 45 the department shall transfer three hundred fifty 4 46 thousand dollars each fiscal year for the fiscal 4 47 period beginning July 1, 2005, and ending June 30, 4 48 2015, to Iowa state university of science and 4 49 technology, for purposes of providing financial 4 50 assistance to establish small business development 5 1 centers in areas of the state previously served by a 5 2 small business development center and to maintain 5 3 existing small business development centers. 5 4 Financial assistance for a small business development 5 5 center shall not be awarded unless the city of county 5 6 where the center is located or scheduled to be located 5 7 demonstrates the ability to obtain local matching 5 8 moneys on a dollar=for=dollar basis. An award of 5 9 financial assistance to a small business development 5 10 center under this paragraph shall not exceed twenty 5 11 thousand dollars. 5 12 c. Of the moneys appropriated under this 5 13 subsection, the department may use up to fifty 5 14 thousand dollars each fiscal year during the fiscal 5 15 period beginning July 1, 2005, and ending June 30, 5 16 2015, for purposes of providing training, materials, 5 17 and assistance to Iowa business resource centers. 5 18 7. Notwithstanding section 8.33, moneys that 5 19 remain unexpended at the end of a fiscal year shall 5 20 not revert to any fund but shall remain available for 5 21 expenditure for the designated purposes during the 5 22 succeeding fiscal year.>> 5 23 #2. Page 1, by inserting after line 30 the 5 24 following: 5 25 <# . Title page, line 2, by inserting after the 5 26 word <development,> the following: <the office of the 5 27 treasurer of state,>.> 5 28 #3. By renumbering as necessary. 5 29 5 30 5 31 5 32 HOFFMAN of Crawford 5 33 HF 809.205 81 5 34 tm/sh/2884 -1-