Senate Amendment 3307


PAG LIN




     1  1    Amend House File 827, as passed by the House, as
     1  2 follows:
     1  3 #1.  Page 1, by inserting before line 1 the
     1  4 following:
     1  5    <Section 1.  Section 15G.111, subsection 1,
     1  6 paragraph c, Code 2007, is amended to read as follows:
     1  7    c.  The department shall require an applicant for
     1  8 moneys appropriated under this subsection to include
     1  9 in the application a statement regarding the intended
     1 10 return on investment.  The return on investment
     1 11 calculation shall not include confidential information
     1 12 unless the applicant waives such confidentiality.  A
     1 13 recipient of moneys appropriated under this subsection
     1 14 shall annually submit a statement to the department
     1 15 regarding the progress achieved on the intended return
     1 16 on investment stated in the application.  The
     1 17 department, in cooperation with the department of
     1 18 revenue, shall develop a method of identifying and
     1 19 tracking each new job created and the leveraging of
     1 20 moneys through financial assistance from moneys
     1 21 appropriated under this subsection.  The department of
     1 22 economic development shall identify research and
     1 23 development activities funded through financial
     1 24 assistance from not more than ten percent of the
     1 25 moneys appropriated under this subsection, and,
     1 26 instead of determining return on investment and job
     1 27 creation for the identified funding, determine the
     1 28 potential impact on the state's economy.>
     1 29 #2.  By renumbering as necessary.
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     1 32                               
     1 33 PAUL McKINLEY
     1 34 STEVE KETTERING
     1 35 NANCY J. BOETTGER
     1 36 JERRY BEHN
     1 37 HUBERT HOUSER
     1 38 JAMES F. HAHN
     1 39 DAVID JOHNSON
     1 40 HF 827.203 82
     1 41 tm/es/8492
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