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
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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
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