Senate Amendment to House File 2455 H-8259 Amend House File 2455, as passed by the House, as 1 follows: 2 1. Page 9, line 28, by striking < $1,105,628 > and 3 inserting < $580,783 > 4 2. Page 11, line 25, by striking < 400,000 > and 5 inserting < 557,000 > 6 3. Page 17, after line 10 by inserting: 7 < DIVISION ___ 8 MISCELLANEOUS PROVISIONS —— BUILDING REMEDIATION 9 PROGRAM AND FUND 10 Sec. ___. NEW SECTION . 15.231 Community catalyst 11 building remediation program —— fund. 12 1. a. The economic development authority 13 shall, pursuant to section 15.106A, subsection 1, 14 paragraph “o” , establish a community catalyst building 15 remediation fund for the purpose of providing grants to 16 cities for the remediation of underutilized buildings. 17 The authority shall administer the fund in a manner to 18 make grant moneys annually available to cities for the 19 purposes of this section. 20 b. The fund may consist of any moneys appropriated 21 by the general assembly for purposes of this section 22 and any other moneys that are lawfully available to the 23 authority, including moneys transferred or deposited 24 from other funds created pursuant to section 15.106A, 25 subsection 1, paragraph “o” . 26 c. The authority shall use any moneys specifically 27 appropriated for purposes of this section only for the 28 purposes of this section. The authority may use all 29 other moneys in the fund, including interest, earnings, 30 and recaptures for purposes of this section, or the 31 authority may transfer the other moneys to other funds 32 created pursuant to section 15.106A, subsection 1, 33 paragraph “o” . 34 d. Notwithstanding section 8.33, moneys in the 35 -1- HF2455.3712.S (1) 86 jh 1/ 4 #1. #2. #3.

community catalyst building remediation fund at the 1 end of each fiscal year shall not revert to any other 2 fund but shall remain in the fund for expenditure for 3 subsequent fiscal years. 4 e. The authority may use not more than five percent 5 of the moneys in the fund at the beginning of the 6 fiscal year for purposes of administrative costs, 7 marketing, and technical assistance and other program 8 support. 9 2. The authority shall use moneys in the fund 10 to provide grants to cities for the remediation of 11 underutilized buildings. The authority may provide 12 grants under this section using a competitive scoring 13 process. 14 3. In providing grants under this section, the 15 authority shall dedicate forty percent of the moneys 16 available at the beginning of each fiscal year to 17 cities with populations of less than one thousand five 18 hundred as shown by the most recent federal decennial 19 census. If at the end of each application period the 20 amount of grants awarded to cities with a population 21 of less than one thousand five hundred is less than 22 the amount to be dedicated to such cities under this 23 subsection, the balance may be awarded to any approved 24 applicant city regardless of city population. 25 4. The authority shall enter into an agreement 26 with each city for the receipt of grants under this 27 section. For a city to receive grant moneys under this 28 section, the agreement must require the city to provide 29 resources, including financial or in-kind resources, to 30 the remediation project. The authority may negotiate 31 the terms of the agreement. 32 5. In providing grants under this section, the 33 authority shall coordinate with a city to develop a 34 plan for the use of grant moneys that is consistent 35 -2- HF2455.3712.S (1) 86 jh 2/ 4

with the community development, housing, and economic 1 development goals of the city. The terms of the 2 agreement entered into pursuant to subsection 4 and the 3 use of grants provided under this section shall reflect 4 the plan developed. 5 6. If a city receives a grant under this section, 6 the amount of any lien created for costs related to 7 the remediation of the building shall not include any 8 moneys that the city received pursuant to this section. 9 7. The authority shall submit a report to the 10 general assembly and the governor’s office on or 11 before January 31, 2020, describing the results of the 12 program implemented pursuant to this section and making 13 recommendations for program changes. 14 Sec. ___. Section 15.335B, subsection 2, paragraph 15 a, Code 2016, is amended by adding the following new 16 subparagraph: 17 NEW SUBPARAGRAPH . (9) For deposit in the community 18 catalyst building remediation fund established pursuant 19 to section 15.231. 20 DIVISION ___ 21 MISCELLANEOUS PROVISIONS —— RENEWABLE CHEMICAL 22 PRODUCTION TAX CREDIT PROGRAM 23 Sec. ___. Section 15.316, subsection 3, as enacted 24 by 2016 Iowa Acts, Senate File 2300, section 5, is 25 amended to read as follows: 26 3. “Building block chemical” means a molecule 27 converted from biomass feedstock as a first product 28 or a secondarily derived product that can be further 29 refined into a higher-value chemical, material, or 30 consumer product. “Building block chemical” includes 31 but is not limited to high-purity glycerol, oleic 32 acid, lauric acid, methanoic or formic acid, arabonic 33 acid, erythonic acid, glyceric acid, glycolic acid, 34 lactic acid, 3-hydroxypropionate, propionic acid, 35 -3- HF2455.3712.S (1) 86 jh 3/ 4

malonic acid, serine, succinic acid, fumaric acid, 1 malic acid, aspartic acid, 3-hydroxybutyrolactone, 2 acetoin, threonine, itaconic acid, furfural, levulinic 3 acid, glutamic acid, xylonic acid, xylaric acid, 4 xylitol, arabitol, citric acid, aconitic acid, 5 5-hydroxymethylfurfural, lysine, gluconic acid, 6 glucaric acid, sorbitol, gallic acid, ferulic acid, 7 butyric acid, nonfuel butanol, nonfuel ethanol, or 8 such additional molecules as may be included by the 9 authority by rule after consultation with appropriate 10 experts from Iowa state university, including but 11 not limited to the Iowa state university center for 12 biorenewable chemicals. > 13 4. Title page, line 5, after < institutions > by 14 inserting < , and properly related matters > 15 5. By renumbering as necessary. 16 -4- HF2455.3712.S (1) 86 jh 4/ 4 #4.