House Amendment 8396 PAG LIN 1 1 Amend House File 2759 as follows: 1 2 #1. Page 1, by inserting before line 24 the 1 3 following: 1 4 <Sec. . Section 15G.111, subsection 1, Code 1 5 Supplement 2005, is amended by adding the following 1 6 new paragraph: 1 7 NEW PARAGRAPH. h. (1) Of the moneys appropriated 1 8 in paragraph "a", for each fiscal year of the period 1 9 beginning July 1, 2006, and ending June 30, 2011, the 1 10 Iowa economic development board may allocate up to 1 11 five million dollars to support persons engaged in the 1 12 research, development, and commercialization of 1 13 integrated biorefinery technology projects. A project 1 14 must further the production of liquid renewable fuels 1 15 and other high=value coproducts that use nonfood 1 16 agricultural crops as biofuel stock. 1 17 (2) An application for an integrated biorefinery 1 18 technology project must be filed with the department 1 19 as required by the department and must at a minimum 1 20 include all of the following: 1 21 (a) A business plan that demonstrates managerial 1 22 and technical expertise. 1 23 (b) A fundraising plan that demonstrates private 1 24 investment contributions and possible federal 1 25 government contributions. 1 26 (c) The probability of the future creation of new 1 27 high=quality jobs. 1 28 (d) The probability of improvements to the 1 29 environment. 1 30 (e) The probability of reductions in fossil fuel 1 31 use. 1 32 (f) The use of research or technology developed in 1 33 this state by a college, university, business, or 1 34 governmental agency. 1 35 (g) The potential for further technological 1 36 development in this state. 1 37 (h) The feasibility that a proposed biorefinery 1 38 will remain a viable enterprise in the state. 1 39 (i) Any other component that the Iowa economic 1 40 development board determines to be reasonable and 1 41 necessary to promote the viability of the project and 1 42 further the public interest. 1 43 (3) The Iowa economic development board may 1 44 establish terms and conditions for the allocation of 1 45 the moneys.> 1 46 #2. Page 2, line 7, by striking the words <This 1 47 Act is> and inserting the following: <The sections of 1 48 this Act amending section 15G.111, subsection 1, 1 49 paragraph "a", and enacting section 15G.111, 1 50 subsection 6A, are effective>. 2 1 2 2 2 3 2 4 JACOBY of Johnson 2 5 HF 2759.301 81 2 6 da/cf/1665 -1-