House File 871 H-1449 Amend House File 871 as follows: 1 1. Page 7, by striking lines 24 through 35. 2 2. Page 14, line 6, by striking < 1,766,084 > and inserting 3 < 2,416,084 > 4 3. Page 15, line 10, by striking < 2,850,000 > and inserting 5 < 2,200,000 > 6 4. Page 26, after line 6 by inserting: 7 < DIVISION ___ 8 WORKFORCE DEVELOPMENT FUND ACCOUNT 9 Sec. ___. Section 15.342A, subsections 1 and 3, Code 2021, 10 are amended to read as follows: 11 1. A workforce development fund account is established in 12 the office of the treasurer of state under the control of the 13 authority. The account shall receive funds pursuant to section 14 422.16A up to a maximum of six million dollars per year . 15 3. For the fiscal year beginning July 1, 2014, and for each 16 fiscal year thereafter, there is annually appropriated from the 17 workforce development fund account to the job training fund 18 created in section 260F.6 three four million seven hundred 19 fifty thousand dollars for the purposes of chapter 260F . 20 Sec. ___. Section 422.16A, Code 2021, is amended to read as 21 follows: 22 422.16A Job training withholding —— certification and 23 transfer. 24 Upon the completion by a business of its repayment 25 obligation for a training project funded under chapter 260E , 26 including a job training project funded under section 15A.8 27 or repaid in whole or in part by the supplemental new jobs 28 credit from withholding under section 15A.7 or section 15E.197, 29 Code 2014, the sponsoring community college shall report to 30 the economic development authority the amount of withholding 31 paid by the business to the community college during the 32 final twelve months of withholding payments. The economic 33 development authority shall notify the department of revenue 34 of that amount. The department shall credit to the workforce 35 -1- HF 871.2363 (2) 89 ko/tm 1/ 5 #1. #2. #3. #4.
development fund account established in section 15.342A 1 twenty-five percent of that amount each quarter for a period 2 of ten years. If the amount of withholding from the business 3 or employer is insufficient, the department shall prorate the 4 quarterly amount credited to the workforce development fund 5 account. The maximum amount from all employers which shall be 6 transferred to the workforce development fund account in any 7 year is six seven million seven hundred fifty thousand dollars. 8 DIVISION ___ 9 ENERGY INFRASTRUCTURE REVOLVING LOAN PROGRAM 10 Sec. ___. Section 476.10A, subsection 2, Code 2021, is 11 amended to read as follows: 12 2. Notwithstanding section 8.33 , any unexpended moneys 13 remitted to the treasurer of state under this section shall be 14 retained for the purposes designated. Notwithstanding section 15 12C.7, subsection 2 , interest or earnings on investments or 16 time deposits of the moneys remitted under this section shall 17 be retained and used for the purposes designated, pursuant to 18 section 476.46 . 19 Sec. ___. Section 476.46, subsection 2, paragraph e, 20 subparagraph (3), Code 2021, is amended to read as follows: 21 (3) Interest on the fund shall be deposited in the fund. 22 A portion of the interest on the fund, not to exceed fifty 23 percent of the total interest accrued, shall be used for 24 promotion and administration of the fund. 25 Sec. ___. Section 476.46, Code 2021, is amended by adding 26 the following new subsections: 27 NEW SUBSECTION . 3. The Iowa energy center shall not 28 initiate any new loans under this section after June 30, 2021. 29 NEW SUBSECTION . 4. Loan payments received under this 30 section on or after July 1, 2021, and any other moneys in the 31 fund on or after July 1, 2021, shall be deposited in the energy 32 infrastructure revolving loan fund created in section 476.46A. 33 Sec. ___. NEW SECTION . 476.46A Energy infrastructure 34 revolving loan program. 35 -2- HF 871.2363 (2) 89 ko/tm 2/ 5
1. a. An energy infrastructure revolving loan fund is 1 created in the office of the treasurer of state and shall be 2 administered by the Iowa energy center established in section 3 15.120. 4 b. The fund may be administered as a revolving fund and may 5 consist of any moneys appropriated by the general assembly for 6 purposes of this section and any other moneys that are lawfully 7 directed to the fund. 8 c. Moneys in the fund shall be used to provide financial 9 assistance for the development and construction of energy 10 infrastructure, including projects that support electric or gas 11 generation transmission, storage, or distribution; electric 12 grid modernization; energy-sector workforce development; 13 emergency preparedness for rural and underserved areas; the 14 expansion of biomass, biogas, and renewable natural gas; 15 innovative technologies; and the development of infrastructure 16 for alternative fuel vehicles. 17 d. Notwithstanding section 8.33, moneys appropriated in this 18 section that remain unencumbered or unobligated at the close of 19 the fiscal year shall not revert but shall remain available for 20 expenditure for the purposes designated until the close of the 21 succeeding fiscal year. 22 e. Notwithstanding section 12C.7, subsection 2, interest 23 or earnings on moneys in the fund shall be credited to the 24 fund. A percentage of the total interest credited to the fund, 25 not to exceed fifty percent, shall be used for promotion of 26 the energy infrastructure revolving loan program and for the 27 administration of the fund. 28 2. a. The Iowa energy center shall establish and administer 29 an energy infrastructure revolving loan program to encourage 30 the development of energy infrastructure within the state. 31 b. An individual, business, rural electric cooperative, or 32 municipal utility located and operating in this state shall be 33 eligible for financial assistance under the program. With the 34 approval of the Iowa energy center governing board established 35 -3- HF 871.2363 (2) 89 ko/tm 3/ 5
under section 15.120, subsection 2, the economic development 1 authority shall determine the amount and the terms of all 2 financial assistance awarded to an individual, business, rural 3 electric cooperative, or municipal utility under the program. 4 All agreements and administrative authority sha11 be vested in 5 the Iowa energy center governing board. 6 c. The economic development authority may use not more than 7 five percent of the moneys in the fund at the beginning of each 8 fiscal year for purposes of administrative costs, marketing, 9 technical assistance, and other program support. 10 3. For the purposes of this section: 11 a. “Energy infrastructure” means land, buildings, physical 12 plant and equipment, and services directly related to the 13 development of projects used for, or useful for, electricity or 14 gas generation, transmission, storage, or distribution. 15 b. “Financial assistance” means the same as defined in 16 section 15.102. 17 Sec. ___. ALTERNATE ENERGY REVOLVING LOAN FUND —— MONEYS 18 TRANSFERRED AND APPROPRIATED. Any unencumbered or unobligated 19 moneys remaining after June 30, 2021, in the alternate energy 20 revolving loan fund created pursuant to section 476.46, are 21 transferred and appropriated to the energy infrastructure 22 revolving loan fund created pursuant to section 476.46A, to be 23 used for purposes of the energy infrastructure revolving loan 24 program. 25 DIVISION ___ 26 NATIONAL ELECTRICAL CODE 27 Sec. ___. 2020 EDITION OF THE NATIONAL ELECTRICAL 28 CODE. Amendments adopted by rule by the electrical examining 29 board pursuant to section 103.6, subsection 1, to the 2020 30 edition of the national electrical code issued and adopted by 31 the national fire protection association, which amendments 32 were effective as of May 1, 2021, shall not expire, and shall 33 remain in effect until, at minimum, the effective date of rules 34 adopted by the board adopting either of the following: 35 -4- HF 871.2363 (2) 89 ko/tm 4/ 5
1. A subsequent edition of the national electrical code. 1 2. Subsequent amendments, issued and adopted by the 2 national fire protection association, to the 2020 edition of 3 the national electrical code. > 4 5. By renumbering as necessary. 5 ______________________________ THOMPSON of Greene -5- HF 871.2363 (2) 89 ko/tm 5/ 5 #5.