House Study Bill 91 - Introduced SENATE/HOUSE FILE _____ BY (PROPOSED ECONOMIC DEVELOPMENT AUTHORITY BILL) A BILL FOR An Act relating to community catalyst building remediation 1 grants for emergency projects. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 1282DP (4) 88 ko/tm
S.F. _____ H.F. _____ Section 1. Section 15.231, subsection 2, Code 2019, is 1 amended to read as follows: 2 2. a. The authority shall use moneys in the fund to 3 provide grants to cities for the remediation of underutilized 4 buildings. The authority may provide grants under this 5 section using a competitive scoring process. Notwithstanding 6 subsection 3, an emergency project shall be eligible for a 7 grant under this section. 8 b. As used in this section, unless the context otherwise 9 requires: 10 (1) “Emergency project” means remediation of an 11 underutilized building that may present a unique and immediate 12 opportunity, or a unique and immediate threat. 13 (2) “Unique and immediate opportunity” means remediation of 14 an underutilized building is time-sensitive and remediation is 15 reasonably expected to result in economic growth for the city 16 in which the underutilized building is located. 17 (3) “Unique and immediate threat” means remediation of an 18 underutilized building may involve an unforeseen challenge or 19 problem that has the potential to result in a catastrophic 20 failure of the building’s integrity and structural system. 21 An unforeseen challenge or problem may include an act of 22 nature such as a fire, flood, or storm, or an unexpected 23 structural deficiency such as a compromised load-bearing 24 wall. A challenge or problem caused by deferred maintenance 25 on the underutilized building does not qualify as a unique and 26 immediate threat. 27 EXPLANATION 28 The inclusion of this explanation does not constitute agreement with 29 the explanation’s substance by the members of the general assembly. 30 Under the community catalyst building remediation 31 program, this bill allows an emergency project to be eligible 32 for a grant. “Emergency project” is a remediation of an 33 underutilized building that may present a unique and immediate 34 opportunity, or a unique and immediate threat. A unique and 35 -1- LSB 1282DP (4) 88 ko/tm 1/ 2
S.F. _____ H.F. _____ immediate opportunity is time-sensitive and remediation is 1 expected to result in economic growth. A unique and immediate 2 threat is a remediation that may involve unforeseen challenges 3 or problems. 4 -2- LSB 1282DP (4) 88 ko/tm 2/ 2