House File 871 H-1448 Amend House File 871 as follows: 1 1. Page 26, after line 6 by inserting: 2 < DIVISION ___ 3 IOWA SMALL BUSINESS RELIEF PROGRAM 4 Sec. ___. IOWA SMALL BUSINESS RELIEF PROGRAM. 5 1. There is appropriated from moneys received by the state 6 from the coronavirus state fiscal recovery fund pursuant to the 7 American Rescue Plan Act of 2021, Pub. L. No. 117-2, to the 8 economic development authority for the fiscal year beginning 9 July 1, 2021, and ending June 30, 2022, the following amount, 10 or so much thereof as is necessary, to be used for the purposes 11 designated: 12 For the Iowa small business relief program: 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $100,000,000 14 Eligibility for grants awarded under the program shall be 15 expanded to include the following: 16 a. Sole proprietors that were an established business prior 17 to March 17, 2020, who are owners and that had no employees. 18 b. Businesses that employed up to fifty individuals prior 19 to March 17, 2020. 20 2. Notwithstanding section 8.33, moneys appropriated in 21 this section that remain unencumbered or unobligated at the 22 close of the fiscal year shall not revert but shall remain 23 available for expenditure for the purposes designated. 24 3. Moneys appropriated in this section shall be expended for 25 the purposes designated no later than December 31, 2024. > 26 2. By renumbering as necessary. 27 ______________________________ RUNNING-MARQUARDT of Linn -1- HF 871.2107 (2) 89 ko/tm 1/ 1 #1. #2.