Senate Study Bill 1259 - Introduced SENATE FILE _____ BY (PROPOSED COMMITTEE ON WAYS AND MEANS BILL BY CHAIRPERSON FEENSTRA) A BILL FOR An Act relating to the home and community-based services 1 revolving loan program fund and the transitional housing 2 revolving loan program fund, and the transfer of moneys 3 and the deposit of outstanding loan repayments to the 4 manufactured housing program fund. 5 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 6 TLSB 2820XC (1) 88 ko/jh

S.F. _____ Section 1. Section 16.45, subsection 2, paragraph b, Code 1 2019, is amended to read as follows: 2 b. Notwithstanding any provision of section 16.46 , 3 16.47 , 16.48 , or 16.49 to the contrary, the authority shall 4 be authorized to transfer for deposit in the manufactured 5 housing program fund for any fiscal year any unobligated and 6 unencumbered moneys in the funds created in sections 16.46 , 7 16.47 , 16.48 , and 16.49 from the prior fiscal year. However, 8 the maximum amount of moneys that may be so transferred for any 9 fiscal year shall not exceed the lesser of one million dollars 10 or an amount equal to the total amount of any unobligated and 11 unencumbered moneys in the funds available for transfer from 12 the previous fiscal year reduced by one million dollars. 13 Sec. 2. REPEAL. Sections 16.47 and 16.48, Code 2019, are 14 repealed. 15 Sec. 3. MONEYS TRANSFERRED FOR DEPOSIT TO, AND OUTSTANDING 16 LOAN REPAYMENTS DEPOSITED IN, THE MANUFACTURED HOUSING PROGRAM 17 FUND. 18 1. Any moneys in the home and community-based services 19 revolving loan program fund pursuant to section 16.47, and any 20 moneys in the transitional housing revolving loan program fund 21 pursuant to section 16.48, shall be transferred for deposit to 22 the manufactured housing program fund created in section 16.45. 23 2. Any outstanding loan repayments due to the home and 24 community-based services revolving loan program fund pursuant 25 to section 16.47, and any outstanding loan repayments due to 26 the transitional housing revolving loan program fund pursuant 27 to section 16.48, shall be deposited in the manufactured 28 housing program fund created in section 16.45. 29 EXPLANATION 30 The inclusion of this explanation does not constitute agreement with 31 the explanation’s substance by the members of the general assembly. 32 This bill repeals Code section 16.47, the home and 33 community-based services revolving loan program fund, and Code 34 section 16.48, the transitional housing revolving loan program 35 -1- LSB 2820XC (1) 88 ko/jh 1/ 2

S.F. _____ fund. The home and community-based services revolving loan 1 program fund is used by the economic development authority 2 to administer a revolving loan program to develop and expand 3 facilities and infrastructure that provide adult day services, 4 respite services, congregate meals, and programming space 5 for health and wellness, health screening, and nutritional 6 assessments to address the needs of persons with low incomes. 7 The transitional housing revolving loan program fund is used by 8 the authority for a revolving loan program to provide financing 9 to construct affordable transitional housing, including through 10 new construction or acquisition and rehabilitation of existing 11 housing, located in close proximity to licensed substance abuse 12 treatment programs. 13 The bill provides that any moneys in either of these funds 14 shall be transferred for deposit to the manufactured housing 15 program fund created in Code section 16.45. The manufactured 16 housing program fund is used by the authority for the purpose 17 of providing funding to financial institutions or other lenders 18 to finance purchases by individuals of manufactured homes that 19 are sited on leased land. 20 The bill also provides that any outstanding loan repayments 21 due to either the home and community-based services revolving 22 loan program fund or the transitional housing revolving loan 23 program fund shall be deposited in the manufactured housing 24 program fund. 25 -2- LSB 2820XC (1) 88 ko/jh 2/ 2