House Amendment to Senate File 574 S-5057 Amend Senate File 574, as passed by the Senate, as follows: 1 1. Page 1, before line 1 by inserting: 2 DIVISION ___ 3 MAJOR ECONOMIC GROWTH ATTRACTION PROGRAM 4 2. Page 1, line 1, by striking < 2023 > and inserting < 2024 > 5 3. Page 1, line 3, by striking < (1) > 6 4. By striking page 1, line 5, through page 2, line 7, and 7 inserting < farming if all of the requirements of section 15.498 8 are met. > 9 5. Page 2, line 8, by striking < 15.281 > and inserting 10 < 15.490 > 11 6. Page 2, line 11, by striking < 15.282 > and inserting 12 < 15.491 > 13 7. Page 2, after line 20 by inserting: 14 < 1A. “Agricultural land” means the same as defined in 15 section 91.1. > 16 8. Page 3, line 14, by striking < 15.283 > and inserting 17 < 15.492 > 18 9. Page 3, after line 14 by inserting: 19 < 10A. “Foreign adversary” means a foreign government or 20 foreign non-government person as determined in 15 C.F.R. §7.4, 21 and that is listed in 15 C.F.R. §7.4(a) at any time from March 22 4, 2024, through the termination of the program. 23 10B. “Foreign adversary entity” means any of the following: 24 a. A foreign business subject to the jurisdiction of or 25 organized under the laws of a foreign adversary. 26 b. A foreign business owned, directed, or controlled by a 27 foreign adversary. > 28 10. Page 3, line 27, by striking < 15.285 > and inserting 29 < 15.494 > 30 11. Page 4, line 6, by striking < 15.285 > and inserting 31 < 15.494 > 32 12. Page 4, line 11, by striking < located on a certified 33 site > 34 13. Page 4, line 31, by striking < 15.283 > and inserting 35 -1- SF 574.3550.H (1) 90 md 1/ 5 #1. #2. #3. #4. #5. #6. #7. #8. #9. #10. #11. #12.

< 15.492 > 1 14. Page 5, line 1, before < certified > by inserting < site 2 where the business has a controlling interest in or a > 3 15. Page 5, lines 1 and 2, by striking < acres that the 4 authority has determined > and inserting < acres. The authority 5 must determine a site > 6 16. Page 6, by striking lines 20 through 22 and inserting 7 < may be eligible to qualify for the program. > 8 17. Page 6, line 27, by striking < tax incentives under > 9 18. Page 7, line 31, by striking < 15.284 > and inserting 10 < 15.493 > 11 19. Page 8, by striking lines 14 and 15 and inserting 12 < agricultural land holdings if all of the requirements of 13 section 15.498 are met. > 14 20. Page 8, line 16, by striking < 15.285 > and inserting 15 < 15.494 > 16 21. Page 9, line 23, by striking < 15.286B > and inserting 17 < 15.497 > 18 22. Page 9, line 27, by striking < 15.283 > and inserting 19 < 15.492 > 20 23. Page 9, line 34, by striking < 15.284 > and inserting 21 < 15.493 > 22 24. Page 10, line 7, by striking < 15.286 > and inserting 23 < 15.495 > 24 25. Page 11, line 19, by striking < 15.286A > and inserting 25 < 15.496 > 26 26. Page 11, line 23, by striking < in a certified site > 27 27. Page 11, line 28, by striking < 15.285 > and inserting 28 < 15.494 > 29 28. Page 13, line 25, by striking < 15.286B > and inserting 30 < 15.497 > 31 29. Page 13, line 27, by striking < subsection 2, > 32 30. Page 13, line 28, by striking < 15.285 > and inserting 33 < 15.494 > 34 31. Page 13, line 31, by striking < 15.285 > and inserting 35 -2- SF 574.3550.H (1) 90 md 2/ 5 #14. #15. #16. #17. #18. #19. #20. #21. #22. #23. #24. #25. #26. #27. #28. #29. #30.

< 15.494 > 1 32. Page 14, lines 9 and 10, by striking < section 422.16, 2 subsection 2, > and inserting < section 422.16 > 3 33. Page 14, line 11, by striking < 15.287 > and inserting 4 < 15.498 > 5 34. Page 14, by striking lines 13 through 16 and inserting: 6 < 1. The board may authorize an exemption to restrictions on 7 agricultural land holdings for a foreign business if all of the 8 following requirements are satisfied: 9 a. The foreign business qualifies as an eligible business 10 pursuant to section 15.492. 11 b. As part of the application of the foreign business under 12 section 15.493, the foreign business provides documentation 13 to the authority, as deemed necessary by the authority, to 14 establish that the foreign business is not associated with a 15 foreign adversary or foreign adversary entity. 16 c. The agricultural land for which the exemption is provided 17 is a mega site or included in a mega site. 18 d. The foreign business is not actively engaged in farming. > 19 35. Page 14, line 20, by striking < 15.285 > and inserting 20 < 15.494 > 21 36. Page 14, line 33, by striking < 15.288 > and inserting 22 < 15.499 > 23 37. Page 15, line 11, by striking < 15.289 > and inserting 24 < 15.500 > 25 38. Page 15, line 26, by striking < 15.290 > and inserting 26 < 15.501 > 27 39. Page 15, lines 29 and 30, by striking < section 9I.3, 28 subsection 3, paragraph “f” > and inserting < this part > 29 40. Page 15, line 31, by striking < 2026 > and inserting 30 < 2027 > 31 41. Page 15, after line 31 by inserting: 32 < Sec. ___. EMERGENCY RULES. The authority shall adopt 33 emergency rules under section 17A.4, subsection 3, and section 34 17A.5, subsection 2, paragraph “b”, to implement the provisions 35 -3- SF 574.3550.H (1) 90 md 3/ 5 #32. #33. #34. #35. #36. #37. #38. #39. #40. #41.

of this division of this Act within sixty business days of 1 the effective date of this division of this Act and shall 2 submit such rules to the administrative rules coordinator and 3 the administrative code editor pursuant to section 17A.5, 4 subsection 1, within the same period. The rules shall be 5 effective immediately upon filing unless a later date is 6 specified in the rules. Any rules adopted in accordance with 7 this section shall also be published as a notice of intended 8 action as provided in section 17A.4. 9 Sec. ___. EFFECTIVE DATE. This division of this Act, being 10 deemed of immediate importance, takes effect upon enactment. 11 DIVISION ___ 12 CERTIFIED SITE AND HIGH-QUALITY JOBS PROGRAMS —— APPROPRIATION 13 Sec. ___. 2023 Iowa Acts, chapter 110, section 15, 14 subsection 1, paragraph a, subparagraph (1), is amended to read 15 as follows: 16 (1) For the purposes of providing assistance as described in 17 section 15.335B for the high quality jobs program: 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 11,700,000 19 (a) From the moneys appropriated in this subparagraph, the 20 economic development authority may use not more than $1,000,000 21 for purposes of providing infrastructure grants to main street 22 communities under the main street Iowa program and may allocate 23 not more than $300,000 for the purposes of supporting statewide 24 worker education and quality preapprenticeship programs. 25 (b) Notwithstanding section 15.335B, subsection 2, from the 26 moneys appropriated in this subparagraph, $300,000 is allocated 27 to the economic development authority for certification 28 costs associated with the authority’s certified site program. 29 Moneys allocated in this subparagraph division must be used to 30 certify sites in counties with a population of less than 50,000 31 according to the 2020 federal decennial census and to certify 32 at least two sites in each congressional district. 33 Sec. ___. EFFECTIVE DATE. This division of this Act, being 34 deemed of immediate importance, takes effect upon enactment. > 35 -4- SF 574.3550.H (1) 90 md 4/ 5

42. Title page, by striking lines 1 through 3 and 1 inserting < An Act relating to programs administered by the 2 economic development authority by establishing the economic 3 growth attraction program, modifying the certified site and 4 high-quality jobs programs, making appropriations, providing 5 penalties, and including effective date provisions. > 6 43. By renumbering, redesignating, and correcting internal 7 references as necessary. 8 -5- SF 574.3550.H (1) 90 md 5/ 5 #42.