Senate File 2241 - Introduced



                                       SENATE FILE       
                                       BY  DOTZLER


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

                                      A BILL FOR

  1 An Act relating to economic development by making the Sac and Fox
  2    tribe of the Mississippi in Iowa eligible for certain economic
  3    development programs.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 6134XS 82
  6 tw/rj/5

PAG LIN



  1  1    Section 1.  Section 15F.202, subsection 2, unnumbered
  1  2 paragraph 1, Code 2007, is amended to read as follows:
  1  3    A city or county in the state or, the Sac and Fox tribe of
  1  4 the Mississippi in Iowa, or a public organization may submit
  1  5 an application to the board for financial assistance for a
  1  6 project under the program.  The assistance shall be provided
  1  7 only from funds, rights, and assets legally available to the
  1  8 board and shall be in the form of grants, loans, forgivable
  1  9 loans, and credit enhancement and financing instruments.  The
  1 10 application shall include, but not be limited to, the
  1 11 following information:
  1 12    Sec. 2.  Section 15F.302, subsection 2, unnumbered
  1 13 paragraph 1, Code 2007, is amended to read as follows:
  1 14    A city or county, the Sac and Fox tribe of the Mississippi
  1 15 in Iowa, or a public organization in the state may submit an
  1 16 application to the board for financial assistance for a
  1 17 project under the program.  For purposes of this subsection,
  1 18 "public organization" means a nonprofit economic development
  1 19 organization or other nonprofit organization that sponsors or
  1 20 supports community or tourism attractions and activities.  The
  1 21 financial assistance from the fund shall be provided only from
  1 22 funds, rights, and assets legally available to the board and
  1 23 shall be in the form of grants, loans, forgivable loans,
  1 24 pledges, and credit enhancements and financing instruments.
  1 25 The application shall include, but not be limited to, the
  1 26 following information:
  1 27                           EXPLANATION
  1 28    This bill relates to economic development assistance for
  1 29 the Sac and Fox tribe of the Mississippi in Iowa located in
  1 30 Tama.
  1 31    Currently, the tribe is not eligible for programs
  1 32 administered by the department of economic development.
  1 33    The bill makes the tribe eligible to apply for assistance
  1 34 from the community attraction and tourism program and the
  1 35 vision Iowa program.
  2  1 LSB 6134XS 82
  2  2 tw/rj/5