Senate File 2212 - Introduced
SENATE FILE
BY WARNSTADT
Passed Senate, Date Passed House, Date
Vote: Ayes Nays Vote: Ayes Nays
Approved
A BILL FOR
1 An Act relating to financial assistance for energy=efficient
2 equipment and making appropriations.
3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
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PAG LIN
1 1 Section 1. NEW SECTION. 16.171 HOUSING DEVELOPERS AND
1 2 RENTAL HOUSING ENERGY=EFFICIENT EQUIPMENT LOAN PROGRAM.
1 3 The authority shall establish and administer an energy=
1 4 efficient equipment loan program to provide five=year loans
1 5 with no interest to developers and owners of housing for
1 6 lower=income families for purposes of installing energy=
1 7 efficient equipment, as defined by the authority, including,
1 8 but not limited to, furnaces, air conditioners, water heaters,
1 9 windows, and doors. A loan under the program shall be used
1 10 for purposes of supplementing financial assistance received
1 11 for similar purposes from any other financial assistance
1 12 program.
1 13 Sec. 2. NEW SECTION. 216A.104 SINGLE=FAMILY HOUSING
1 14 ENERGY=EFFICIENT EQUIPMENT FINANCIAL ASSISTANCE PROGRAM.
1 15 The division shall establish and administer an energy=
1 16 efficient equipment financial assistance program for purposes
1 17 of providing five=year loans with no interest to low=income
1 18 owners of single=family housing for purposes of installing
1 19 energy=efficient equipment, as defined by the division,
1 20 including, but not limited to, furnaces, air conditioners,
1 21 water heaters, windows, and doors. A loan under the program
1 22 shall be used for purposes of supplementing financial
1 23 assistance received for similar purposes from any other
1 24 financial assistance program.
1 25 Sec. 3. APPROPRIATIONS.
1 26 1. Notwithstanding section 12.65, subsection 2, and
1 27 section 12E.12, subsection 1, paragraph "b", subparagraph (2),
1 28 there is appropriated from the endowment for Iowa's health
1 29 account of the tobacco settlement trust fund established in
1 30 section 12E.12 to the Iowa finance authority for the fiscal
1 31 year beginning July 1, 2006, and ending June 30, 2007,
1 32 $5,000,000 for purposes of providing loans pursuant to section
1 33 16.171.
1 34 2. Notwithstanding section 12.65, subsection 2, and
1 35 section 12E.12, subsection 1, paragraph "b", subparagraph (2),
2 1 there is appropriated from the endowment for Iowa's health
2 2 account of the tobacco settlement trust fund established in
2 3 section 12E.12 to the division of community action agencies of
2 4 the department of human rights for the fiscal year beginning
2 5 July 1, 2006, and ending June 30, 2007, $5,000,000 for
2 6 purposes of the energy efficient equipment financial
2 7 assistance program created in section 216A.104.
2 8 EXPLANATION
2 9 This bill relates to financial assistance for energy=
2 10 efficient equipment.
2 11 The bill requires the Iowa finance authority to establish
2 12 and administer an energy=efficient equipment loan program to
2 13 provide five=year loans with no interest to developers and
2 14 owners of housing for lower=income families for purposes of
2 15 installing energy=efficient equipment. The bill provides that
2 16 such loans shall be used for purposes of supplementing
2 17 financial assistance received for similar purposes from any
2 18 other financial assistance program. The bill appropriates
2 19 from the endowment for Iowa's health account of the tobacco
2 20 settlement trust fund to the authority for the fiscal year
2 21 beginning July 1, 2006, and ending June 30, 2007, $5 million
2 22 for purposes of providing such loans.
2 23 The bill requires the division of community action agencies
2 24 of the department of human rights to establish and administer
2 25 an energy=efficient equipment financial assistance program for
2 26 purposes of providing five=year loans with no interest to
2 27 low=income owners of single=family housing for purposes of
2 28 installing energy=efficient equipment. The bill provides that
2 29 such a loan shall be used for purposes of supplementing
2 30 financial assistance received for similar purposes from any
2 31 other financial assistance program. The bill appropriates
2 32 from the endowment for Iowa's health account of the tobacco
2 33 settlement trust fund to the division for the fiscal year
2 34 beginning July 1, 2006, and ending June 30, 2007, $5 million
2 35 for purposes of providing such loans.
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