House File 2473 H-8516 Amend House File 2473 as follows: 1 1. By striking page 7, line 31, through page 9, 2 line 11. 3 2. Page 10, lines 5 and 6, by striking < the 4 moneys deposited by the department of revenue pursuant 5 to section 15.331, > 6 3. Page 18, after line 22 by inserting: 7 < 10. The authority shall not award a grant to an 8 entrepreneur assistance program from the entrepreneur 9 investment awards program fund after June 30, 2014. 10 It is the intent of the general assembly to review 11 and assess the success of the entrepreneur investment 12 awards program based on the report provided by the 13 economic development authority. 14 11. The economic development authority shall 15 conduct a comprehensive review of the entrepreneur 16 investment awards program and shall, by December 31, 17 2013, submit a report of the findings of the review, 18 as well as any recommendations and cost projections of 19 its recommendations, to the governor and the general 20 assembly. The report shall consist of the following 21 information: 22 a. The number of grants awarded, the total amount 23 of the grants awarded, the total amount expended on the 24 entrepreneur investment awards program, and the number 25 of entrepreneur investment awards to entrepreneur 26 assistance programs that were the subject of repayment 27 or collection activity. 28 b. The number of applications received by the 29 authority for the program and the status of the 30 applications. 31 c. For each entrepreneur assistance program 32 receiving moneys from the entrepreneur investment 33 awards program fund, the following information: 34 (1) The amount the entrepreneur assistance program 35 received from the entrepreneur investment awards 36 program fund. 37 (2) The number of entrepreneurs creating a business 38 in the state that were assisted by the entrepreneur 39 assistance program and the number of new jobs 40 associated with the business. 41 (3) The number of entrepreneurs locating or 42 expanding a business in the state that were assisted by 43 the entrepreneur assistance program and the number of 44 new or retained jobs associated with the business. 45 (4) The entrepreneur assistance program’s location. 46 (5) The amount, if any, of private and local 47 matching funds received by the entrepreneur assistance 48 program. 49 d. The number of clients referred by the authority 50 -1- HF2473.6155 (3) 84 ad/sc 1/ 2 #1. #2. #3.
to an entrepreneur assistance program receiving moneys 1 from the entrepreneur investment awards program fund. 2 e. An evaluation of the investment made by the 3 state of Iowa in the entrepreneur investment awards 4 program. 5 f. Any other information the authority deems 6 relevant to assessing the success of the entrepreneur 7 investment awards program. > 8 4. Page 20, by striking lines 5 through 24. 9 5. By striking page 28, line 28, through page 29, 10 line 22. 11 6. Title page, by striking lines 4 through 7 and 12 inserting < administered by the economic development 13 authority, by replacing references to the economic > 14 7. Title page, line 11, by striking < and other > 15 8. By renumbering as necessary. 16 ______________________________ BYRNES of Mitchell -2- HF2473.6155 (3) 84 ad/sc 2/ 2 #4. #5. #6. #7. #8.