Senate File 159
SENATE FILE
BY SCHUERER
Passed Senate, Date Passed House, Date
Vote: Ayes Nays Vote: Ayes Nays
Approved
A BILL FOR
1 An Act abolishing the targeted small business financial
2 assistance program.
3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
4 TLSB 2464SS 80
5 tm/cl/14
PAG LIN
1 1 Section 1. Section 15.108, subsection 7, paragraph c, Code
1 2 2003, is amended to read as follows:
1 3 c. Aid for the development and implementation of the Iowa
1 4 targeted small business procurement Act established in
1 5 sections 73.15 through 73.21 and the targeted small business
1 6 financial assistance program established in section 15.247.
1 7 The duties of the director under this paragraph include the
1 8 following:
1 9 (1) The director, in conjunction with the director of the
1 10 department of management, shall publicize the procurement goal
1 11 program for targeted small businesses and to agencies of state
1 12 government, attempt to locate targeted small businesses able
1 13 to perform contracts, and encourage program participation.
1 14 The director may request the cooperation of the department of
1 15 general services, the department of transportation, the state
1 16 board of regents, or any other agency of state government in
1 17 publicizing this program.
1 18 (2) The director, in conjunction with the director of the
1 19 department of management, shall publicize the financial
1 20 assistance program established in section 15.247 to targeted
1 21 small businesses.
1 22 (3) (2) When the director determines, or is notified by
1 23 the head of another agency of state government, that a
1 24 targeted small business is unable to perform a procurement
1 25 contract, the director shall assist the small business in
1 26 attempting to remedy the causes of the inability to perform.
1 27 In assisting the small business, the director may use any
1 28 management or financial assistance programs available through
1 29 state or governmental agencies or private sources.
1 30 (4) (3) The director, in conjunction with the director of
1 31 the department of management and jointly with the universities
1 32 under the jurisdiction of the state board of regents, and the
1 33 community colleges, shall develop and make available in all
1 34 areas of the state, programs to offer and deliver
1 35 concentrated, in=depth advice and services to assist targeted
2 1 small businesses. The advice and services shall extend to all
2 2 areas of business management in its practical application,
2 3 including but not limited to accounting, engineering,
2 4 drafting, grant writing, obtaining financing, locating bond
2 5 markets, market analysis, and projections of profit and loss.
2 6 Sec. 2. Section 15.247, Code 2003, is repealed.
2 7 EXPLANATION
2 8 This bill abolishes the targeted small business financial
2 9 assistance program and makes conforming amendments. The
2 10 program provides financial assistance to targeted small
2 11 businesses which are defined as businesses which are 51
2 12 percent or more owned, operated, and actively managed by one
2 13 or more women, minority persons, or persons with a disability
2 14 provided the businesses are located in this state, are
2 15 operated for profit, and have an annual gross income of less
2 16 than $3 million computed as an average of the three preceding
2 17 fiscal years.
2 18 LSB 2464SS 80
2 19 tm/cl/14