House File 608 - Introduced HOUSE FILE 608 BY PRICHARD , McCONKEY , HANSEN , COHOON , KURTH , JAMES , B. MEYER , KONFRST , SUNDE , HALL , HUNTER , JUDGE , GJERDE , WILBURN , BOHANNAN , ANDERSON , WESSEL-KROESCHELL , WILLIAMS , OLSON , MASCHER , JACOBY , EHLERT , CAHILL , WINCKLER , STAED , OLDSON , BROWN-POWERS , THEDE , DONAHUE , RUNNING-MARQUARDT , FORBES , BENNETT , WOLFE , and STECKMAN A BILL FOR An Act making an appropriation to the Iowa small business 1 relief program, and including effective date provisions. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 2021YH (3) 89 ko/jh

H.F. 608 Section 1. IOWA SMALL BUSINESS RELIEF PROGRAM. 1 1. There is appropriated from the general fund of the state 2 to the economic development authority for the fiscal year 3 beginning July 1, 2020, and ending June 30, 2021, the following 4 amount, or so much thereof as is necessary, to be used for the 5 purposes designated: 6 For the Iowa small business relief program: 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $100,000,000 8 Eligibility for grants awarded under the program shall be 9 expanded to include the following: 10 a. Sole proprietors that were an established business prior 11 to March 17, 2020, who are owners and that had no employees. 12 b. Businesses that employed up to fifty individuals prior 13 to March 17, 2020. 14 2. Notwithstanding section 8.33, moneys appropriated in 15 this section that remain unencumbered or unobligated at the 16 close of the fiscal year shall not revert but shall remain 17 available for expenditure for the purposes designated until the 18 close of the succeeding fiscal year. 19 Sec. 2. EFFECTIVE DATE. This Act, being deemed of immediate 20 importance, takes effect upon enactment. 21 EXPLANATION 22 The inclusion of this explanation does not constitute agreement with 23 the explanation’s substance by the members of the general assembly. 24 For the fiscal year beginning July 1, 2020, and ending June 25 30, 2021, this bill appropriates $100 million from the general 26 fund of the state to the economic development authority for the 27 Iowa small business relief program (program). 28 The bill expands eligibility under the program to include 29 sole proprietors that were an established business prior to 30 March 17, 2020, who are owners and that had no employees; and 31 businesses that employed up to 50 individuals prior to March 32 17, 2020. Current eligibility under the program includes 33 sole proprietors that had at least one part-time or full-time 34 employee other than the owner, and businesses that employed 35 -1- LSB 2021YH (3) 89 ko/jh 1/ 2

H.F. 608 between 2 and 25 employees. 1 The moneys appropriated that remain unencumbered or 2 unobligated at the close of the fiscal year do not revert and 3 remain available for expenditure for the program until June 30, 4 2022. 5 The bill is effective upon enactment. 6 -2- LSB 2021YH (3) 89 ko/jh 2/ 2