House File 2579 H-8318 Amend House File 2579 as follows: 1 1. Page 14, after line 12 by inserting: 2 < Sec. ___. Section 15.261, Code 2022, is amended to read as 3 follows: 4 15.261 Vacant state buildings demolition fund. 5 1. A vacant state buildings demolition fund is created in 6 the state treasury under the control of the authority. The 7 fund shall consist of all moneys appropriated to the fund. 8 2. Moneys in the vacant state buildings demolition fund 9 are appropriated to the authority for purposes of funding a 10 grant program for the demolition of vacant buildings owned by 11 the state or by a county that has purchased real property from 12 the federal government which are no longer used for a state or 13 federal purpose. Grant program criteria shall provide that 14 no more than fifty percent of the cost of a project for the 15 demolition of vacant buildings shall be funded from a grant 16 under the program. The authority shall give preference to 17 applicants that have not previously been awarded money from 18 this fund. 19 3. Notwithstanding section 12C.7, subsection 2 , interest 20 or earnings on moneys deposited in the vacant state buildings 21 demolition fund shall be credited to the vacant state buildings 22 demolition fund. Notwithstanding section 8.33 , moneys credited 23 to the vacant state buildings demolition fund shall not revert 24 at the close of a fiscal year. 25 Sec. ___. Section 15.262, Code 2022, is amended to read as 26 follows: 27 15.262 Vacant state buildings rehabilitation fund. 28 1. A vacant state buildings rehabilitation fund is created 29 in the state treasury under the control of the authority. The 30 fund shall consist of all moneys appropriated to the fund. 31 2. Moneys in the vacant state buildings rehabilitation fund 32 are appropriated to the authority for purposes of funding a 33 loan program for the rehabilitation or redevelopment of vacant 34 buildings owned by the state or by a county that has purchased 35 -1- HF 2579.4187 (2) 89 ec/tm 1/ 2 #1.
real property from the federal government which are no longer 1 used for a state or federal purpose. The authority shall give 2 preference to applicants that have not previously been awarded 3 money from this fund. 4 3. Notwithstanding section 12C.7, subsection 2 , interest 5 or earnings on moneys deposited in the vacant state buildings 6 rehabilitation fund shall be credited to the vacant state 7 buildings rehabilitation fund. Notwithstanding section 8.33 , 8 moneys credited to the vacant state buildings rehabilitation 9 fund shall not revert at the close of a fiscal year. > 10 2. By renumbering as necessary. 11 ______________________________ BODEN of Warren -2- HF 2579.4187 (2) 89 ec/tm 2/ 2 #2.