Senate Amendment 5162 PAG LIN 1 1 Amend the House amendment, S=5135, to Senate File 1 2 2183, as passed by the Senate, as follows: 1 3 #1. Page 3, by inserting after line 48 the 1 4 following: 1 5 <Sec. . Section 15E.194, Code 2005, is amended 1 6 by adding the following new subsection: 1 7 NEW SUBSECTION. 5. A city with a population of 1 8 less than eight thousand five hundred may designate an 1 9 enterprise zone when a business located in the city 1 10 publicly announces a plan to terminate the employment 1 11 of five hundred or more full=time employees within a 1 12 period of eighteen months or less. The enterprise 1 13 zone shall include any area within a three=mile radius 1 14 of the location of the business announcing the 1 15 termination of employees. The area meeting the 1 16 requirements for enterprise zone eligibility under 1 17 this subsection shall not be included for the purpose 1 18 of determining the area limitation pursuant to section 1 19 15E.192, subsection 3. An eligible housing business 1 20 under section 15E.193B shall not receive incentives or 1 21 assistance for a home or multiple dwelling unit built 1 22 or rehabilitated in an enterprise zone designated 1 23 pursuant to this subsection. If an enterprise zone 1 24 has been certified pursuant to this subsection and if 1 25 the business terminates less than five hundred full= 1 26 time employees within eighteen months beginning from 1 27 the time of public announcement, as determined by the 1 28 department, the department shall decertify the 1 29 enterprise zone. An eligible business located in an 1 30 enterprise zone designated pursuant to this subsection 1 31 shall repay any incentives and assistance received if 1 32 the enterprise zone is decertified due to the failure 1 33 of the eligible business to terminate at least five 1 34 hundred full=time employees during the specified time 1 35 period. The business causing the enterprise zone to 1 36 be certified pursuant to this subsection shall not be 1 37 eligible to receive incentives and assistance under 1 38 section 15E.196.> 1 39 #2. By renumbering as necessary. 1 40 1 41 1 42 1 43 JAMES SEYMOUR 1 44 SF 2183.706 81 1 45 tm/gg/3933 1 46 1 47 1 48 1 49 1 50 -1-