Senate Study Bill 3070 SENATE/HOUSE FILE BY (PROPOSED IOWA FINANCE AUTHORITY BILL) Passed Senate, Date Passed House, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act transferring administration of the entrepreneurs with 2 disabilities program to the department of education. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 5322XD 82 5 ec/rj/8 PAG LIN 1 1 Section 1. Section 259.4, Code 2007, is amended by adding 1 2 the following new subsection: 1 3 NEW SUBSECTION. 9. Administer the entrepreneurs with 1 4 disabilities program. 1 5 Sec. 2. ENTREPRENEURS WITH DISABILITIES PROGRAM == 1 6 TRANSFER OF ADMINISTRATION. The Iowa finance authority shall 1 7 transfer the administrative duties of the entrepreneurs with 1 8 disabilities program to the division of vocational 1 9 rehabilitation services of the department of education. The 1 10 department of education shall adopt rules pursuant to chapter 1 11 17A for purposes of administering the program. Any contract 1 12 entered into under the program by the Iowa finance authority 1 13 remains valid. The transfer of administrative duties to the 1 14 division of vocational rehabilitation services shall not 1 15 constitute grounds for recision or modification of a contract 1 16 under the program entered into with the authority. 1 17 EXPLANATION 1 18 This bill transfers administration of the entrepreneurs 1 19 with disabilities program from the Iowa finance authority to 1 20 the division of vocational rehabilitation services of the 1 21 department of education. 1 22 The purpose of the entrepreneurs with disabilities program 1 23 is to provide technical assistance, business development 1 24 grants, and financial assistance grants to qualified Iowans 1 25 with disabilities. 1 26 LSB 5322XD 82 1 27 ec/rj/8