House File 2700 - Introduced HOUSE FILE BY COMMITTEE ON ECONOMIC GROWTH (SUCCESSOR TO HSB 745) Passed House, Date Passed Senate, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act relating to bioscience financial assistance and making an 2 appropriation. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 5577HV 81 5 tm/gg/14 PAG LIN 1 1 Section 1. APPROPRIATION. There is appropriated to the 1 2 department of economic development from the general fund of 1 3 the state for the fiscal year beginning July 1, 2006, and 1 4 ending June 30, 2007, sixteen million four hundred twenty=five 1 5 thousand dollars to be used for purposes of providing 1 6 financial assistance to a single bioscience development 1 7 organization determined by the department to possess expertise 1 8 in the promotion and commercialization of biotechnology 1 9 entrepreneurship. The recipient of the financial assistance 1 10 shall use the moneys for purposes of advancing the technology 1 11 platforms of bioeconomy, advanced food and feed, animal 1 12 systems, integrated post=geometric medicine, integrated drug 1 13 discovery, integrated biosecurity, and biomedical imaging. 1 14 EXPLANATION 1 15 This bill relates to bioscience financial assistance and 1 16 making appropriations. 1 17 For the fiscal year beginning July 1, 2006, the bill 1 18 appropriates $16.425 million to the department of economic 1 19 development from the general fund of the state for purposes of 1 20 providing financial assistance to a single bioscience 1 21 development organization determined by the department to 1 22 possess expertise in the promotion and commercialization of 1 23 biotechnology entrepreneurship. The bill requires the 1 24 financial assistance to be used for certain bioscience=related 1 25 platforms. 1 26 LSB 5577HV 81 1 27 tm:rj/gg/14