Senate File 2237 - Introduced



                                       SENATE FILE       
                                       BY  McKINLEY


    Passed Senate, Date               Passed House,  Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act relating to eligibility for assistance from the grow Iowa
  2    values fund.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 6244XS 82
  5 tw/nh/14

PAG LIN



  1  1    Section 1.  Section 15G.112, subsection 1, Code 2007, is
  1  2 amended to read as follows:
  1  3    1.  In order to receive financial assistance from the
  1  4 department from moneys appropriated from the grow Iowa values
  1  5 fund, the average annual wage, including benefits, of new jobs
  1  6 created must be equal to or greater than one hundred thirty
  1  7 percent of the average county wage.  For purposes of this
  1  8 section, "average county wage" and "benefits" mean the same as
  1  9 defined in section 15I.1.  However, in calculating the average
  1 10 county wage, the department shall exclude the two largest
  1 11 employers in a county if the county has a population of less
  1 12 than thirty=eight thousand.
  1 13                           EXPLANATION
  1 14    This bill relates to the new job wage requirements for
  1 15 receiving financial assistance from the grow Iowa values fund.
  1 16    Currently, in order to receive financial assistance from
  1 17 the grow Iowa values fund, an applicant must create jobs with
  1 18 an average annual wage of 130 percent of the average county
  1 19 wage.
  1 20    The bill excludes the two largest employers in a county
  1 21 from the average county wage calculation when a county has
  1 22 less than 38,000 people.
  1 23 LSB 6244XS 82
  1 24 tw/nh/14.1