Senate File 642 S-3160 Amend Senate File 642 as follows: 1 1. By striking everything after the enacting clause and 2 inserting: 3 < DIVISION I 4 STRATEGIC INFRASTRUCTURE PROGRAM 5 Section 1. Section 15.117A, subsection 6, paragraph c, Code 6 2025, is amended by striking the paragraph. 7 Sec. 2. Section 15.313, subsection 3, unnumbered paragraph 8 1, Code 2025, is amended to read as follows: 9 The Iowa innovation council A committee appointed pursuant 10 to section 15.117A, subsection 7, shall review each application 11 received by the economic development authority for financial 12 assistance under the program and shall make recommendations to 13 the board regarding all of the following: 14 DIVISION II 15 BROWNFIELDS, GRAYFIELDS, AND REDEVELOPMENT TAX CREDITS 16 Sec. 3. Section 15.291, subsections 3 and 11, Code 2025, are 17 amended by striking the subsections. 18 Sec. 4. Section 15.293A, subsection 3, unnumbered paragraph 19 1, Code 2025, is amended to read as follows: 20 The amount of the tax credit shall be determined by the board 21 in conjunction with the council. However, the tax credit and 22 shall not exceed the following amount, as applicable: 23 Sec. 5. Section 15.293B, subsection 1, paragraphs b, d, and 24 h, Code 2025, are amended to read as follows: 25 b. The authority shall accept and , in conjunction with 26 the council, review applications for tax credits provided in 27 section 15.293A and , with the approval of the council, make tax 28 credit award recommendations regarding the applications to the 29 board. The authority may engage outside experts to complete a 30 technical, financial, or other review. 31 d. Upon review of an application, the authority may 32 register the project with the redevelopment tax credits 33 program. If the authority registers the project, the authority 34 may , in conjunction with the council, make a preliminary 35 -1- SF 642.1950 (1) 91 (amending this SF 642 to CONFORM to HF 975) nls/ko 1/ 16 #1.

determination as to the amount of tax credit for which an award 1 recommendation will be made to the board. 2 h. If the applicant for a tax credit provided in section 3 15.293A has also applied to an agency of the federal government 4 or to the authority, the board, or any other agency of state 5 government for additional financial assistance, the authority , 6 the council, and the board shall consider the amount of funding 7 to be received from such public sources when making a tax 8 credit award pursuant to this section . 9 Sec. 6. Section 15.293B, subsection 1, paragraph f, 10 subparagraph (1), Code 2025, is amended to read as follows: 11 (1) All completed applications shall be reviewed and scored 12 on a competitive basis by the council and the board authority . 13 In reviewing and scoring applications, the council and the 14 board authority may consider any factors the council and board 15 deem authority deems appropriate for a competitive application 16 process, including but not limited to the financial need, 17 quality, and feasibility of a qualifying redevelopment project. 18 Sec. 7. Section 15.293B, subsection 2, paragraph c, Code 19 2025, is amended to read as follows: 20 c. Any other information deemed necessary by the board 21 and the council authority to review and score the application 22 pursuant to subsection 1 . 23 Sec. 8. Section 15.293B, subsections 4 and 5, Code 2025, are 24 amended to read as follows: 25 4. A registered project shall be completed within thirty 26 months of the date the project was registered unless the 27 authority, upon recommendation of the council and with the 28 approval of the board, provides additional time to complete the 29 project. If the registered project is not completed within 30 the time required, the project is not eligible to claim a 31 redevelopment tax credit provided in section 15.293A . 32 5. a. The investor shall engage a certified public 33 accountant authorized to practice in this state to conduct an 34 examination of the project in accordance with the American 35 -2- SF 642.1950 (1) 91 (amending this SF 642 to CONFORM to HF 975) nls/ko 2/ 16

institute of certified public accountants’ statements on 1 standards for attestation engagements. Upon completion of a 2 registered project, an audit of the project, completed by an 3 independent certified public accountant licensed in this state, 4 the examination, along with a statement of the amount of final 5 qualifying investment, shall be submitted to the authority. 6 b. Upon review of the audit and verification of the amount 7 of the qualifying investment, examination and statement 8 submitted pursuant to paragraph “a” , the authority may issue a 9 tax credit certificate to the investor stating the amount of 10 tax credit under section 15.293A the investor may claim. 11 Sec. 9. REPEAL. Sections 15.292, 15.293, 15.294, and 12 15.295, Code 2025, are repealed. 13 Sec. 10. TRANSFER OF MONEYS. On the effective date of this 14 division of this Act, any unencumbered or unobligated moneys 15 remaining in the brownfield redevelopment fund created in 16 section 15.293 are transferred to a fund or funds established 17 pursuant to section 15.335B, subsection 1, paragraph “a”, as 18 determined by the economic development authority. 19 DIVISION III 20 COMMUNITY ATTRACTION AND TOURISM, AND VISION IOWA —— REQUIRED 21 BENEFITS 22 Sec. 11. REPEAL. Section 15F.106, Code 2025, is repealed. 23 Sec. 12. APPLICABILITY. This division of this Act applies 24 to an applicant awarded financial assistance under both the 25 vision Iowa program established in section 15F.302, and the 26 community attraction and tourism program established in section 27 15F.202, on or after the effective date of this division of 28 this Act. 29 Sec. 13. RETROACTIVE APPLICABILITY. This division of this 30 Act applies retroactively to an applicant awarded financial 31 assistance under both the vision Iowa program established in 32 section 15F.302, and the community attraction and tourism 33 program established in section 15F.202, prior to the effective 34 date of this division of this Act. 35 -3- SF 642.1950 (1) 91 (amending this SF 642 to CONFORM to HF 975) nls/ko 3/ 16

DIVISION IV 1 COMMUNITY ATTRACTION AND TOURISM PROGRAM, AND SPORTS TOURISM 2 MARKETING AND INFRASTRUCTURE PROGRAM —— APPLICATION REVIEW 3 Sec. 14. Section 15F.203, subsection 2, Code 2025, is 4 amended to read as follows: 5 2. A The director of the authority shall appoint a review 6 committee composed of five members of the board shall with 7 relevant expertise to review community attraction and tourism 8 program applications forwarded to the board and . The review 9 committee shall make recommendations regarding the applications 10 to the board. 11 Sec. 15. Section 15F.402, subsection 2, Code 2025, is 12 amended to read as follows: 13 2. A The director of the authority shall appoint a review 14 committee composed of five members of the board shall with 15 relevant expertise to review sports tourism marketing and 16 infrastructure program applications forwarded to the board and . 17 The review committee shall make recommendations regarding the 18 applications to the authority. 19 DIVISION V 20 HISTORIC PRESERVATION TAX CREDIT 21 Sec. 16. Section 404A.1, subsection 2, Code 2025, is amended 22 by striking the subsection. 23 Sec. 17. Section 404A.1, subsection 7, Code 2025, is amended 24 by adding the following new paragraph: 25 NEW PARAGRAPH . d. The property is not a single-family 26 dwelling unit, unless the project will result in two or more 27 new single-family dwelling units that were not available 28 for occupancy as residential housing during the immediately 29 preceding consecutive six months prior to commencement of 30 the project, and the dwelling units are located in the same 31 neighborhood, as confirmed by the authority. The two or more 32 new single-family dwelling units must be made available for 33 occupancy as a result of the rehabilitation project. The 34 authority may promulgate by rule criteria used by the authority 35 -4- SF 642.1950 (1) 91 (amending this SF 642 to CONFORM to HF 975) nls/ko 4/ 16

to determine if a property is a single-family dwelling unit, 1 and qualifies as a qualified rehabilitation project under this 2 paragraph. 3 Sec. 18. Section 404A.1, Code 2025, is amended by adding the 4 following new subsection: 5 NEW SUBSECTION . 8. “Registration date” means the date on 6 which the authority notifies an eligible taxpayer of successful 7 registration of the taxpayer’s qualified rehabilitation project 8 pursuant to section 404A.3, subsection 2. 9 Sec. 19. Section 404A.3, subsection 3, paragraph b, 10 subparagraphs (4) and (5), Code 2025, are amended to read as 11 follows: 12 (4) The commencement date of by which the qualified 13 rehabilitation project must commence , which shall not be no 14 later than the end of the fiscal year in which the agreement 15 is entered into one calendar year from the registration date . 16 Upon application of the eligible taxpayer, the authority may, 17 at the discretion of the authority, extend the date by which 18 the qualified rehabilitation project must commence up to an 19 additional twelve consecutive months. 20 (5) (a) The completion date of by which the qualified 21 rehabilitation project , which shall be within thirty-six 22 months of the commencement date must be completed, which shall 23 be no later than three consecutive calendar years from the 24 registration date . The qualified rehabilitation project shall 25 be considered complete as of the date the property that is the 26 subject of the qualified rehabilitation project is placed in 27 service, as described in 26 U.S.C. §47. 28 (b) Upon application of the eligible taxpayer, the 29 authority may, at the discretion of the authority, extend the 30 date by which the qualified rehabilitation project must be 31 complete up to an additional twelve consecutive months. 32 (c) Upon application of the eligible taxpayer made prior 33 to the expiration of an extension under subparagraph (b), the 34 authority may, at the discretion of the authority, extend 35 -5- SF 642.1950 (1) 91 (amending this SF 642 to CONFORM to HF 975) nls/ko 5/ 16

the date by which the qualified rehabilitation project must 1 be complete up to an additional twelve consecutive months. 2 The qualified eligible taxpayer must substantiate to the 3 satisfaction of the authority that the requested extension is 4 warranted due to extenuating circumstances outside the control 5 of the eligible taxpayer. 6 (d) An application by an eligible taxpayer under 7 subparagraph division (b) or (c) shall be made in the manner 8 and form prescribed by the authority by rule. 9 Sec. 20. Section 404A.4, subsection 1, paragraph a, 10 unnumbered paragraph 1, Code 2025, is amended to read as 11 follows: 12 Except as provided in subsections 2 , and 3 , and 4, the 13 authority shall not award in any one fiscal year an amount of 14 tax credits provided in section 404A.2 in excess of forty-five 15 million dollars. 16 Sec. 21. Section 404A.4, Code 2025, is amended by adding the 17 following new subsection: 18 NEW SUBSECTION . 4. a. If, during the fiscal year beginning 19 July 1, 2025, or any fiscal year thereafter, the authority 20 receives an application for a qualified rehabilitation project 21 with qualified rehabilitation expenditures that, if registered 22 by the authority, makes the eligible taxpayer eligible for tax 23 credits of ten million dollars or more, the authority may award 24 tax credits during the fiscal year in which the application 25 is received in an amount not to exceed twenty percent more 26 than the maximum aggregate tax credit award limit specified in 27 subsection 1. 28 b. Tax credits awarded pursuant to this subsection shall be 29 considered for purposes of calculating the maximum aggregate 30 tax credits awarded pursuant to subsection 1 in the immediately 31 succeeding fiscal year. 32 DIVISION VI 33 HOMELESSNESS —— IOWA FINANCE AUTHORITY 34 Sec. 22. Section 16.5F, subsection 3, Code 2025, is amended 35 -6- SF 642.1950 (1) 91 (amending this SF 642 to CONFORM to HF 975) nls/ko 6/ 16

to read as follows: 1 3. a. The authority shall may adopt rules pursuant to 2 chapter 17A for carrying out the duties of the authority 3 pursuant to this section . 4 b. The authority shall may establish internal rules of 5 procedure consistent with the provisions of this section . 6 c. Rules adopted or internal rules of procedure established 7 pursuant to paragraph “a” or “b” shall be consistent with the 8 requirements of the federal McKinney-Vento Homeless Assistance 9 Act, 42 U.S.C. §11301 et seq. 10 DIVISION VII 11 TITLE GUARANTY BOARD —— ELIMINATION 12 Sec. 23. Section 16.1A, subsection 5, Code 2025, is amended 13 to read as follows: 14 5. The board may, by resolution, delegate to the 15 agricultural development board , title guaranty division board , 16 director, or other authority employee such of its powers, under 17 such terms and conditions, as it deems appropriate. 18 Sec. 24. Section 16.2A, Code 2025, is amended by striking 19 the section and inserting in lieu thereof the following: 20 16.2A Title guaranty division. 21 A title guaranty division is created within the authority. 22 The division may also be referred to as Iowa title guaranty. 23 The powers of the division relating to the issuance of 24 title guaranties are vested in and shall be exercised by the 25 board. The director shall appoint an attorney as director 26 of the division. The appointment of, and compensation for, 27 the division director shall be exempt from the merit system 28 under chapter 8A, subchapter IV, part 2. The net earnings of 29 the division, beyond that necessary for reserves, backing, 30 guaranties issued, or to otherwise implement the public 31 purposes and programs authorized, shall not inure to the 32 benefit of any person other than the state and are subject to 33 section 16.2, subsection 9. 34 Sec. 25. Section 16.91, subsections 1, 3, and 6, Code 2025, 35 -7- SF 642.1950 (1) 91 (amending this SF 642 to CONFORM to HF 975) nls/ko 7/ 16

are amended to read as follows: 1 1. The authority , through the Iowa title guaranty division , 2 shall initiate and operate a program in which the division 3 shall offer guaranties of real property titles in this state. 4 The terms, conditions, and form of the guaranty contract shall 5 be forms approved by the division board. The division shall 6 fix a charge for the guaranty in an amount sufficient to permit 7 the program to operate on a self-sustaining basis, including 8 payment of administrative costs and the maintenance of an 9 adequate reserve against claims under the Iowa title guaranty 10 program. A title guaranty fund is created in the office of 11 the treasurer of state. Funds collected under this program 12 shall be placed in the title guaranty fund and are available 13 to pay all claims, necessary reserves and all administrative 14 costs of the Iowa title guaranty program. Moneys in the fund 15 shall not revert to the general fund and interest on the moneys 16 in the fund shall be deposited in the housing trust fund 17 established created in section 16.181 and shall not accrue to 18 the general fund. If the authority board in consultation with 19 the division board determines that there are surplus funds in 20 the title guaranty fund after providing for adequate reserves 21 and operating expenses of the division, the surplus funds shall 22 be transferred to the housing assistance fund created pursuant 23 to section 16.40 . 24 3. With the approval of the authority board , the division 25 and its board shall consult with the insurance division of the 26 department of insurance and financial services in developing 27 a guaranty contract acceptable to the secondary market and 28 developing any other feature of the program with which the 29 insurance division may have special expertise. Except as 30 provided in this subsection , the Iowa title guaranty program 31 is not subject to the jurisdiction of or regulation by the 32 insurance division or the commissioner of insurance. 33 6. Prior to the issuance of a title guaranty, the division 34 shall require evidence that an abstract of title to the 35 -8- SF 642.1950 (1) 91 (amending this SF 642 to CONFORM to HF 975) nls/ko 8/ 16

property in question has been brought up-to-date and certified 1 by a participating abstractor in a form approved by division 2 rules acceptable to the division, and a title opinion issued by 3 a participating attorney in the form approved in the rules a 4 form acceptable to the division stating the attorney’s opinion 5 as to the title. The division shall require evidence of the 6 abstract being brought up-to-date and the abstractor shall 7 retain evidence of the abstract as determined by the board 8 division . 9 Sec. 26. Section 16.92, subsection 1, paragraph d, Code 10 2025, is amended by striking the paragraph. 11 Sec. 27. Section 16.92, subsection 1, paragraph e, Code 12 2025, is amended to read as follows: 13 e. “Mortgage” means a mortgage or mortgage lien on an 14 interest in real property in this state given to secure a loan 15 in an original principal amount equal to or less than the 16 maximum principal amount as determined by the division board 17 and adopted by the authority pursuant to rules promulgated 18 under chapter 17A . 19 Sec. 28. Section 16.93, subsection 1, unnumbered paragraph 20 1, Code 2025, is amended to read as follows: 21 The authority , through the Iowa title guaranty division , 22 may issue a closing protection letter to a person to whom a 23 proposed title guaranty is to be issued, upon the request of 24 the person, if the division issues a commitment for title 25 guaranty or title guaranty certificate. The closing protection 26 letter shall conform to the terms of coverage and form of the 27 instrument as approved by the division board and may indemnify 28 a person to whom a proposed title guaranty is to be issued 29 against loss of settlement funds due to only the following acts 30 of the division’s named participating attorney, participating 31 abstractor, or closer: 32 Sec. 29. Section 16.93, subsection 3, Code 2025, is amended 33 to read as follows: 34 3. The division board shall establish the amount of coverage 35 -9- SF 642.1950 (1) 91 (amending this SF 642 to CONFORM to HF 975) nls/ko 9/ 16

to be provided and may distinguish between classes of property 1 including, but not limited to, residential, agricultural, or 2 commercial, provided that the total amount of coverage provided 3 by the closing protection letter shall not exceed the amount 4 of the commitment or title guaranty to be issued. Liability 5 under the closing protection letter shall be coextensive with 6 liability under the certificate to be issued in connection with 7 a transaction such that payments under the terms of the closing 8 protection letter shall reduce by the same amount the liability 9 under the title guaranty certificate and payment under the 10 title guaranty certificate shall reduce the liability under the 11 terms of the closing protection letter. 12 DIVISION VIII 13 ARTS AND CULTURE 14 Sec. 30. Section 15.108, subsection 7, Code 2025, is amended 15 to read as follows: 16 7. Cultural affairs. To develop the state’s interest in 17 the areas of the arts, history, and other cultural matters. To 18 carry out this responsibility, the authority shall: 19 a. Accept, receive, and administer grants or other funds or 20 gifts from public or private agencies, including the federal 21 government, for the authority. 22 b. Administer the Iowa cultural trust, as advised and 23 assisted by the Iowa arts council, as provided in subchapter 24 II, part 30 , and do all of the following: 25 (1) Develop and adopt by rule criteria for the issuance 26 of trust fund credits by measuring the efforts of qualified 27 organizations to increase their endowment or other resources 28 for the promotion of the arts, history, or the sciences and 29 humanities in Iowa. For purposes of this paragraph, “qualified 30 organization” means a tax-exempt, nonprofit organization 31 whose primary mission is to promote the arts, history, or the 32 sciences and humanities in Iowa. If the authority determines 33 that a qualified organization has increased the amount of the 34 qualified organization’s endowment and other resources, the 35 -10- SF 642.1950 (1) 91 (amending this SF 642 to CONFORM to HF 975) nls/ko 10/ 16

authority shall certify the amount of increase in the form of 1 trust fund credits to the treasurer, who shall deposit in the 2 Iowa cultural trust fund, from moneys received for purposes 3 of the trust fund as provided in section 15.479, subsection 4 2 , an amount equal to the trust fund credits. If the amount 5 of the trust fund credits issued by the authority exceeds the 6 amount of moneys available to be deposited in the trust fund as 7 provided in section 15.479, subsection 2 , the outstanding trust 8 fund credits shall not expire but shall be available to draw 9 down additional moneys which become available to be deposited 10 in the trust fund as provided in section 15.479, subsection 2 . 11 (2) Develop and implement, in accordance with subchapter 12 II, part 30 , a grant application process for grants issued to 13 qualified organizations. 14 (3) Develop and adopt by rule criteria for the approval of 15 Iowa cultural trust grants. The criteria shall include but 16 shall not be limited to the future stability and sustainability 17 of a qualified organization. 18 (4) Compile, in consultation with the Iowa arts council, 19 a list of grant applications recommended for funding in 20 accordance with the amount available for distribution as 21 provided in section 15.481, subsection 3 . 22 (5) Monitor the allocation and use of grant moneys by all 23 qualified organizations to determine whether moneys are used 24 in accordance with the provisions of this paragraph “b” and 25 subchapter II, part 30 . 26 c. b. Design a comprehensive, statewide, long-range plan 27 with the assistance of the Iowa arts council to develop the 28 arts in Iowa. The authority is designated as the state agency 29 for carrying out the plan. 30 d. c. By rule, establish Establish advisory groups as 31 necessary for the receipt of federal funds or grants or the 32 administration of any of the authority’s programs. 33 e. Develop and implement fee-based educational programming 34 opportunities, including preschool programs, related to arts, 35 -11- SF 642.1950 (1) 91 (amending this SF 642 to CONFORM to HF 975) nls/ko 11/ 16

history, and other cultural matters for Iowans of all ages. 1 f. Conduct surveys of existing art and cultural programs 2 and activities within the state, including but not limited to 3 music, theater, dance, painting, sculpture, architecture, and 4 allied arts and crafts. The authority shall submit, or include 5 as part of the annual report under section 15.107B , a report 6 on the survey to the governor and to the general assembly no 7 later than ten calendar days after the commencement of each 8 first session of the general assembly recommending appropriate 9 legislation or other action as the authority deems appropriate. 10 g. d. Establish and administer a film office. The purpose 11 of the film office is to assist legitimate film, television, 12 and video producers in Provide technical assistance for the 13 production of film, television, and video projects in the 14 state , and to increase the fiscal impact on the state’s economy 15 of film, television, and video projects produced in the state . 16 Sec. 31. Section 15.274, Code 2025, is amended to read as 17 follows: 18 15.274 Promotional program for national historic landmarks 19 and cultural and entertainment districts. 20 The economic development authority, in cooperation with 21 the state department of transportation, shall establish 22 and administer a program designed to promote knowledge of 23 and access to buildings, sites, districts, structures, and 24 objects located in this state that have been designated by the 25 secretary of the interior of the United States as a national 26 historic landmark, unless the national historic landmark is 27 protected under section 22.7, subsection 20 , and certified 28 cultural and entertainment districts, as established pursuant 29 to section 15.438 . The program shall be designed to maximize 30 the visibility and visitation of national historic landmarks 31 in this state and buildings, sites, structures, and objects 32 located in certified cultural and entertainment districts, 33 as established pursuant to section 15.438 . Methods used to 34 maximize the visibility and visitation of such locations may 35 -12- SF 642.1950 (1) 91 (amending this SF 642 to CONFORM to HF 975) nls/ko 12/ 16

include the use of tourism literature, signage on highways, 1 maps of the state and cities, and internet sites. For purposes 2 of this section , “highway” means the same as defined in section 3 325A.1 . 4 Sec. 32. Section 15.436, Code 2025, is amended by striking 5 the section and inserting in lieu thereof the following: 6 15.436 Arts and culture enhancement fund. 7 1. The economic development authority shall, pursuant 8 to section 15.106A, subsection 1, paragraph “o” , establish 9 the arts and culture enhancement fund to be used for the 10 purposes of this section. The fund shall consist of any moneys 11 appropriated by the general assembly for purposes of this 12 section and any other moneys that are lawfully available to 13 the authority. Notwithstanding section 12C.7, subsection 2, 14 interest or earnings on moneys in the fund shall accrue to 15 the authority and shall be used for purposes of this section. 16 Notwithstanding section 8.33, moneys in the fund at the end of 17 each fiscal year shall not revert to any other fund but shall 18 remain in the fund for expenditure for subsequent fiscal years. 19 2. The authority shall allocate moneys in the arts and 20 culture enhancement fund in appropriate amounts to be used for 21 the following purposes: 22 a. To provide support to municipal and nonprofit arts and 23 cultural organizations that serve as significant attractions 24 or community resources. 25 b. To support artists and entities that foster artistic and 26 cultural expression, promote lifelong learning and engagement 27 in the arts, advance community development goals, or emphasize 28 Iowa’s diverse heritage through the creation, performance, or 29 presentation of artworks. 30 c. To increase access to arts and culture in rural and 31 underserved communities in the state. 32 d. For the promotion of and investment in film, television, 33 and video projects produced in the state. 34 e. To address other goals and priorities as reflected in 35 -13- SF 642.1950 (1) 91 (amending this SF 642 to CONFORM to HF 975) nls/ko 13/ 16

the comprehensive, statewide, long-range plan designed by the 1 authority with the assistance of the Iowa arts council pursuant 2 to section 15.108, subsection 7. 3 f. For administrative costs related to this section. 4 3. The authority may adopt by rule eligibility and priority 5 criteria for allocation of moneys in the arts and culture 6 enhancement fund. 7 Sec. 33. Section 15.465, subsection 2, Code 2025, is amended 8 to read as follows: 9 2. The term of office of each member of the Iowa arts 10 council is three years. The governor shall designate council 11 may elect a chairperson and a vice chairperson from the members 12 of the council to serve at the pleasure of the governor . All 13 vacancies shall be filled for the balance of any unexpired term 14 in the same manner as original appointments. The members of 15 the council shall not receive compensation for their services, 16 but shall be reimbursed for their actual and necessary expenses 17 incurred in the performance of their duties as members of the 18 council. Members may also be eligible for compensation as 19 provided in section 7E.6 . 20 Sec. 34. Section 15.466, Code 2025, is amended to read as 21 follows: 22 15.466 Duties of Iowa arts council. 23 The Iowa arts council shall review programs to be supported 24 and make recommendations on the programs to the director to 25 ensure that Iowa citizens and communities have access to the 26 cultural, civic, economic, and educational benefits of the 27 arts . The council may solicit public input including but not 28 limited to input on the comprehensive, statewide, long-range 29 plan created by the authority with the assistance of the Iowa 30 arts council pursuant to section 15.108, subsection 7. 31 Sec. 35. Section 15H.6, subsection 3, Code 2025, is amended 32 to read as follows: 33 3. The capacity building activities shall be targeted in 34 communities that are already working with existing community 35 -14- SF 642.1950 (1) 91 (amending this SF 642 to CONFORM to HF 975) nls/ko 14/ 16

improvement programs, including but not limited to the Iowa 1 great places program established under section 15.439 , the 2 green streets and main street Iowa programs administered by 3 the economic development authority, and disaster remediation 4 activities by communities located within an area declared to be 5 a disaster area in a declaration issued by the president of the 6 United States or the governor. 7 Sec. 36. Section 99F.11, subsection 4, paragraph d, 8 subparagraph (1), Code 2025, is amended to read as follows: 9 (1) Five hundred twenty thousand dollars is appropriated 10 each fiscal year to the economic development authority with 11 one-half of the moneys allocated for operational support grants 12 and the remaining one-half allocated for the community cultural 13 grants program established under for deposit in the arts and 14 culture enhancement fund established in section 15.436 . 15 Sec. 37. REPEAL. Sections 15.437, 15.438, 15.439, 15.440, 16 15.441, 15.476, 15.477, 15.478, 15.479, 15.481, and 15.482, 17 Code 2025, are repealed. 18 Sec. 38. TRANSFER OF MONEYS. On the effective date of this 19 division of this Act, all unencumbered and unobligated moneys 20 remaining in the Iowa great places program fund created in 21 section 15.440, the Iowa cultural trust fund created in section 22 15.479, and the Iowa cultural trust grant account created 23 in section 15.482 are transferred to the arts and culture 24 enhancement fund established pursuant to section 15.436, as 25 amended by this division of this Act. 26 DIVISION IX 27 CONFORMING CHANGES 28 Sec. 39. Section 16.6, subsection 4, Code 2025, is amended 29 to read as follows: 30 4. The director may establish administrative divisions 31 within the authority in order to most efficiently and 32 effectively carry out the authority’s responsibilities, 33 provided that any creation or modification of authority 34 divisions be established only after consultation with the board 35 -15- SF 642.1950 (1) 91 (amending this SF 642 to CONFORM to HF 975) nls/ko 15/ 16

of the authority . 1 Sec. 40. Section 16.64, subsection 1, Code 2025, is amended 2 to read as follows: 3 1. The authority shall publish a notice of intention to 4 issue bonds or notes. After sixty days from the date of 5 publication of the notice, an action shall not be brought 6 questioning the legality of any bonds or notes or the power of 7 the authority to issue any bonds or notes or to the legality 8 of any proceedings in connection with the authorization or 9 issuance of the bonds or notes after determination by the board 10 of the authority to proceed with the issuance of the bonds or 11 notes. 12 DIVISION X 13 IOWA REINVESTMENT ACT —— DISTRICT ESTABLISHMENT 14 Sec. 41. Section 15J.4, subsection 1, paragraph c, Code 15 2025, is amended to read as follows: 16 c. For districts approved before July 1, 2018, the area 17 consists of contiguous parcels and does not exceed twenty-five 18 acres in total. For districts approved on or after July 1, 19 2020, the area consists of contiguous parcels and does not 20 exceed seventy-five one hundred twenty-five acres in total. 21 Sec. 42. RETROACTIVE APPLICABILITY. This division of this 22 Act applies retroactively to July 1, 2020. > 23 ______________________________ CARRIE KOELKER -16- SF 642.1950 (1) 91 (amending this SF 642 to CONFORM to HF 975) nls/ko 16/ 16