Senate File 2229 - Reprinted SENATE FILE 2229 BY COMMITTEE ON ECONOMIC GROWTH (SUCCESSOR TO SSB 3136) (As Amended and Passed by the Senate March 2, 2016 ) A BILL FOR An Act requiring the economic development authority to 1 establish a community catalyst building remediation program 2 and fund. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 SF 2229 (3) 86 aw/sc/jh

S.F. 2229 Section 1. NEW SECTION . 15.231 Community catalyst building 1 remediation program —— fund. 2 1. a. The economic development authority shall, pursuant 3 to section 15.106A, subsection 1, paragraph “o” , establish a 4 community catalyst building remediation fund for the purpose of 5 providing grants to cities for the remediation of underutilized 6 buildings. The authority shall administer the fund in a manner 7 to make grant moneys annually available to cities for the 8 purposes of this section. 9 b. The fund may consist of any moneys appropriated by the 10 general assembly for purposes of this section and any other 11 moneys that are lawfully available to the authority, including 12 moneys transferred or deposited from other funds created 13 pursuant to section 15.106A, subsection 1, paragraph “o” . 14 c. The authority shall use any moneys specifically 15 appropriated for purposes of this section only for the purposes 16 of this section. The authority may use all other moneys in the 17 fund, including interest, earnings, and recaptures for purposes 18 of this section, or the authority may transfer the other moneys 19 to other funds created pursuant to section 15.106A, subsection 20 1, paragraph “o” . 21 d. Notwithstanding section 8.33, moneys in the community 22 catalyst building remediation fund at the end of each fiscal 23 year shall not revert to any other fund but shall remain in the 24 fund for expenditure for subsequent fiscal years. 25 e. The authority may use not more than five percent of the 26 moneys in the fund at the beginning of the fiscal year for 27 purposes of administrative costs, marketing, and technical 28 assistance and other program support. 29 2. The authority shall use moneys in the fund to provide 30 grants to cities for the remediation of underutilized 31 buildings. The authority may provide grants under this section 32 using a competitive scoring process. 33 3. In providing grants under this section, the authority 34 shall dedicate forty percent of the moneys available at the 35 -1- SF 2229 (3) 86 aw/sc/jh 1/ 2

S.F. 2229 beginning of each fiscal year to cities with populations of 1 less than one thousand five hundred as shown by the most recent 2 federal decennial census. If at the end of each application 3 period the amount of grants awarded to cities with a population 4 of less than one thousand five hundred is less than the 5 amount to be dedicated to such cities under this subsection, 6 the balance may be awarded to any approved applicant city 7 regardless of city population. 8 4. The authority shall enter into an agreement with each 9 city for the receipt of grants under this section. For a city 10 to receive grant moneys under this section, the agreement must 11 require the city to provide resources, including financial or 12 in-kind resources, to the remediation project. The authority 13 may negotiate the terms of the agreement. 14 5. In providing grants under this section, the authority 15 shall coordinate with a city to develop a plan for the use of 16 grant moneys that is consistent with the community development, 17 housing, and economic development goals of the city. The terms 18 of the agreement entered into pursuant to subsection 4 and the 19 use of grants provided under this section shall reflect the 20 plan developed. 21 6. If a city receives a grant under this section, the amount 22 of any lien created for costs related to the remediation of the 23 building shall not include any moneys that the city received 24 pursuant to this section. 25 7. The authority shall submit a report to the general 26 assembly and the governor's office on or before January 27 31, 2020, describing the results of the program implemented 28 pursuant to this section and making recommendations for program 29 changes. 30 Sec. 2. Section 15.335B, subsection 2, paragraph a, Code 31 2016, is amended by adding the following new subparagraph: 32 NEW SUBPARAGRAPH . (9) For deposit in the community catalyst 33 building remediation fund established pursuant to section 34 15.231. 35 -2- SF 2229 (3) 86 aw/sc/jh 2/ 2