Senate File 2371 - Introduced



                                       SENATE FILE       
                                       BY  COMMITTEE ON ECONOMIC
                                           GROWTH

                                       (SUCCESSOR TO SF 2241)


    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 federally
  2    recognized Indian tribes that own land in Iowa eligible for
  3    certain economic development programs.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 6134SV 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, a federally recognized
  1  4 Indian tribe that owns land in Iowa, or a public organization
  1  5 may submit an application to the board for financial
  1  6 assistance for a project under the program.  The assistance
  1  7 shall be provided only from funds, rights, and assets legally
  1  8 available to the board and shall be in the form of grants,
  1  9 loans, forgivable loans, and credit enhancement and financing
  1 10 instruments.  The application shall include, but not be
  1 11 limited to, the 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, a federally recognized Indian tribe that
  1 15 owns land in Iowa, or a public organization in the state may
  1 16 submit an application to the board for financial assistance
  1 17 for a project under the program.  For purposes of this
  1 18 subsection, "public organization" means a nonprofit economic
  1 19 development organization or other nonprofit organization that
  1 20 sponsors or supports community or tourism attractions and
  1 21 activities.  The financial assistance from the fund shall be
  1 22 provided only from funds, rights, and assets legally available
  1 23 to the board and shall be in the form of grants, loans,
  1 24 forgivable loans, pledges, and credit enhancements and
  1 25 financing instruments.  The application shall include, but not
  1 26 be limited to, the following information:
  1 27                           EXPLANATION
  1 28    This bill relates to economic development assistance for
  1 29 federally recognized Indian tribes that own land in Iowa.
  1 30    Currently, a tribe is not eligible for programs
  1 31 administered by the department of economic development.
  1 32    The bill makes tribes eligible to apply for assistance from
  1 33 the community attraction and tourism program and the vision
  1 34 Iowa program.
  1 35 LSB 6134SV 82
  2  1 tw/rj/5