Senate File 2432 - Reprinted SENATE FILE 2432 BY COMMITTEE ON APPROPRIATIONS (SUCCESSOR TO SSB 3198) (As Amended and Passed by the Senate April 17, 2024 ) A BILL FOR An Act relating to and making appropriations for the economic 1 development of the state, including to the economic 2 development authority, the Iowa finance authority, the 3 public employment relations board, the department of 4 workforce development, and the state board of regents and 5 certain regents institutions. 6 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 7 SF 2432 (2) 90 ko/ns/mb

S.F. 2432 DIVISION I 1 FY 2024–2025 APPROPRIATIONS 2 Section 1. GOALS AND ACCOUNTABILITY —— ECONOMIC 3 DEVELOPMENT. 4 1. For the fiscal year beginning July 1, 2024, the goals 5 for the economic development authority shall be to expand and 6 stimulate the state economy, increase the wealth of Iowans, and 7 increase the population of the state. 8 2. To achieve the goals in subsection 1, the economic 9 development authority shall do all of the following for the 10 fiscal year beginning July 1, 2024: 11 a. Concentrate its efforts on programs and activities that 12 result in commercially viable products and services. 13 b. Adopt practices and services consistent with free 14 market, private sector philosophies. 15 c. Ensure economic growth and development throughout the 16 state. 17 d. Work with businesses and communities to continually 18 improve the economic development climate along with the 19 economic well-being and quality of life for Iowans. 20 e. Coordinate with other state agencies to ensure that they 21 are attentive to the needs of an entrepreneurial culture. 22 f. Establish a strong and aggressive marketing image to 23 showcase Iowa’s workforce, existing industry, and potential. 24 A priority shall be placed on recruiting new businesses, 25 business expansion, and retaining existing Iowa businesses. 26 Emphasis shall be placed on entrepreneurial development through 27 helping entrepreneurs secure capital, and developing networks 28 and a business climate conducive to entrepreneurs and small 29 businesses. 30 g. Encourage the development of communities and quality of 31 life to foster economic growth. 32 h. Prepare communities for future growth and development 33 through development, expansion, and modernization of 34 infrastructure. 35 -1- SF 2432 (2) 90 ko/ns/mb 1/ 18

S.F. 2432 i. Develop public-private partnerships with Iowa businesses 1 in the tourism industry, Iowa tour groups, Iowa tourism 2 organizations, and political subdivisions in this state to 3 assist in the development of advertising efforts. 4 Sec. 2. ECONOMIC DEVELOPMENT AUTHORITY. 5 1. APPROPRIATION 6 a. There is appropriated from the general fund of the state 7 to the economic development authority for the fiscal year 8 beginning July 1, 2024, and ending June 30, 2025, the following 9 amount, or so much thereof as is necessary, to be used for the 10 purposes designated in this subsection, and for not more than 11 the following full-time equivalent positions: 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 12,921,510 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FTEs 112.50 14 b. (1) For salaries, support, miscellaneous purposes, 15 programs, marketing, administration, business development, 16 community development, small business development, and any 17 divisions the authority may organize. 18 (2) For business development operations and programs, 19 international trade, export assistance, workforce recruitment, 20 and the partner state program. 21 (3) For transfer to a fund created pursuant to section 22 15.313 for purposes of financing strategic infrastructure 23 projects. 24 (4) For community economic development programs, tourism 25 operations, community assistance, and the community development 26 block grant. 27 (5) For achieving the goals and accountability, and 28 fulfilling the requirements and duties required under this Act. 29 (6) The full-time equivalent positions authorized under 30 this section are funded, in whole or in part, by the moneys 31 appropriated under this subsection or by other moneys received 32 by the authority, including certain federal moneys. 33 c. Notwithstanding section 8.33 , moneys appropriated in 34 this subsection that remain unencumbered or unobligated at the 35 -2- SF 2432 (2) 90 ko/ns/mb 2/ 18

S.F. 2432 close of the fiscal year shall not revert but shall remain 1 available for expenditure for the purposes designated in this 2 subsection until the close of the succeeding fiscal year. 3 2. FINANCIAL ASSISTANCE RESTRICTIONS 4 a. A business creating jobs through moneys appropriated in 5 subsection 1 shall be subject to contract provisions requiring 6 new and retained jobs to be filled by individuals who are 7 citizens of the United States who reside within the United 8 States, or any person authorized to work in the United States 9 pursuant to federal law, including legal resident aliens 10 residing in the United States. 11 b. Any vendor who receives moneys appropriated in 12 subsection 1 shall adhere to such contract provisions and 13 provide periodic assurances as the state shall require that the 14 jobs are filled solely by citizens of the United States who 15 reside within the United States, or any person authorized to 16 work in the United States, pursuant to federal law, including 17 legal resident aliens residing in the United States. 18 c. A business that receives financial assistance from 19 the authority from moneys appropriated in subsection 1 shall 20 only employ individuals legally authorized to work in this 21 state. In addition to all other applicable penalties provided 22 by current law, all or a portion of the assistance received 23 by a business which is found to knowingly employ individuals 24 not legally authorized to work in this state is subject to 25 recapture by the authority. 26 3. USES OF APPROPRIATIONS 27 a. From the moneys appropriated in subsection 1, the 28 authority may provide financial assistance in the form of a 29 grant to a community economic development entity for conducting 30 a local workforce recruitment effort designed to recruit former 31 citizens of the state and former students at colleges and 32 universities in the state to meet the needs of local employers. 33 b. From the moneys appropriated in subsection 1, the 34 authority may provide financial assistance to early stage 35 -3- SF 2432 (2) 90 ko/ns/mb 3/ 18

S.F. 2432 industry companies being established by women entrepreneurs. 1 c. From the moneys appropriated in subsection 1, the 2 authority may provide financial assistance in the form of 3 grants, loans, or forgivable loans for advanced research and 4 commercialization projects involving value-added agriculture, 5 advanced technology, or biotechnology. 6 d. The authority shall not use any moneys appropriated in 7 subsection 1 for purposes of providing financial assistance 8 for any program or project that involves the installation of 9 geothermal systems for melting snow and ice from streets or 10 sidewalks. 11 4. WORLD FOOD PRIZE 12 In lieu of the standing appropriation in section 15.368 , 13 there is appropriated from the general fund of the state to the 14 economic development authority for the fiscal year beginning 15 July 1, 2024, and ending June 30, 2025, the following amount 16 for the world food prize: 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 650,000 18 5. COUNCILS OF GOVERNMENTS —— ASSISTANCE 19 There is appropriated from the general fund of the state 20 to the economic development authority for the fiscal year 21 beginning July 1, 2024, and ending June 30, 2025, the following 22 amount to be used for the purposes of providing financial 23 assistance to Iowa’s councils of governments: 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 350,000 25 6. TOURISM OFFICE 26 a. There is appropriated from the general fund of the state 27 to the economic development authority for the fiscal year 28 beginning July 1, 2024, and ending June 30, 2025, the following 29 amount for the tourism office to be used for advertising, 30 promoting, placement, and implementation of the economic 31 development authority’s strategic plan for tourism and travel: 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,100,000 33 b. Notwithstanding section 8.33 , moneys appropriated in 34 this subsection that remain unencumbered or unobligated at the 35 -4- SF 2432 (2) 90 ko/ns/mb 4/ 18

S.F. 2432 close of the fiscal year shall not revert but shall remain 1 available for expenditure for the purposes designated until the 2 close of the succeeding fiscal year. 3 c. The economic development authority shall submit an 4 annual report on or before January 15 to the general assembly 5 regarding the tourism office’s activities funded with moneys 6 appropriated under this subsection. The report shall be 7 provided in an electronic format and shall include metrics 8 and criteria that allow the general assembly to quantify 9 and evaluate the effectiveness and economic impact of the 10 tourism office’s activities related to advertising, promoting, 11 placement, and implementation of the economic development 12 authority’s strategic plan for tourism and travel. 13 7. CULTURAL AFFAIRS ACTIVITIES 14 a. There is appropriated from the general fund of the state 15 to the economic development authority for the fiscal year 16 beginning July 1, 2024, and ending June 30, 2025, the following 17 amounts, or so much thereof as is necessary, to be used for the 18 purposes designated: 19 (1) For planning and programming for the community cultural 20 grants program established under section 15.436: 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 172,090 22 (2) For support of the Iowa arts council: 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,450,000 24 Of the moneys appropriated in this subparagraph, the 25 authority shall allocate $300,000 for purposes of the film 26 office. 27 (3) For the Iowa great places program established under 28 section 15.439: 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 149,710 30 (4) For grant programs administered by the Iowa arts 31 council including those programs supporting the long-term 32 financial stability and sustainability of nonprofit cultural 33 organizations: 34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 150,000 35 -5- SF 2432 (2) 90 ko/ns/mb 5/ 18

S.F. 2432 b. Notwithstanding section 8.33, moneys appropriated in 1 this subsection that remain unencumbered or unobligated at the 2 close of the fiscal year shall not revert but shall remain 3 available for expenditure for the purposes designated until the 4 close of the succeeding fiscal year. 5 Sec. 3. LIMITATIONS OF STANDING APPROPRIATIONS —— FY 6 2024-2025. Notwithstanding the standing appropriations 7 in the following designated sections for the fiscal year 8 beginning July 1, 2024, and ending June 30, 2025, the amounts 9 appropriated from the general fund of the state pursuant to 10 those sections for the following purposes shall not exceed the 11 following amounts: 12 1. For operational support grants and community cultural 13 grants under section 99F.11, subsection 4 , paragraph “d”, 14 subparagraph (1): 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 448,403 16 2. For the purposes of tourism marketing under section 17 99F.11, subsection 4 , paragraph “d”, subparagraph (2): 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,443,700 19 Sec. 4. FINANCIAL ASSISTANCE REPORTING —— ECONOMIC 20 DEVELOPMENT AUTHORITY. The economic development authority 21 shall submit an annual report to the general assembly no later 22 than November 1, 2024, that details the amount of every direct 23 loan, forgivable loan, tax credit, tax exemption, tax refund, 24 grant, or any other financial assistance awarded to a person 25 during the prior fiscal year by the authority under an economic 26 development program administered by the authority. The report 27 shall identify the county where the project associated with 28 each such award is located. 29 Sec. 5. INSURANCE ECONOMIC DEVELOPMENT. From the moneys 30 collected by the insurance division of the department of 31 insurance and financial services in excess of the anticipated 32 gross revenues under section 505.7, subsection 3 , during 33 the fiscal year beginning July 1, 2024, $100,000 shall be 34 transferred to the economic development authority for insurance 35 -6- SF 2432 (2) 90 ko/ns/mb 6/ 18

S.F. 2432 economic development and international insurance economic 1 development. 2 Sec. 6. IOWA FINANCE AUTHORITY. 3 1. There is appropriated from the general fund of the state 4 to the Iowa finance authority for the fiscal year beginning 5 July 1, 2024, and ending June 30, 2025, the following amounts, 6 or so much thereof as is necessary, to be used for the purposes 7 designated: 8 a. Rent subsidy program 9 (1) To provide reimbursement for rent expenses to eligible 10 persons under the home and community-based services rent 11 subsidy program established in section 16.55: 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 873,000 13 (2) Of the moneys appropriated in this paragraph, not more 14 than $35,000 may be used for administrative costs. 15 b. Housing renewal pilot program 16 To provide housing renewal moneys to a nonprofit Iowa 17 affiliate to award grants to eligible communities for a housing 18 renewal pilot program: 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 550,000 20 2. Notwithstanding section 8.33, moneys appropriated in 21 this section that remain unencumbered or unobligated at the 22 close of the fiscal year shall not revert but shall remain 23 available for expenditure for the purposes designated until the 24 close of the succeeding fiscal year. 25 Sec. 7. IOWA FINANCE AUTHORITY AUDIT. The auditor of state 26 is requested to review the audit of the Iowa finance authority 27 performed by the auditor hired by the authority. 28 Sec. 8. PUBLIC EMPLOYMENT RELATIONS BOARD. 29 1. There is appropriated from the general fund of the state 30 to the public employment relations board for the fiscal year 31 beginning July 1, 2024, and ending June 30, 2025, the following 32 amount, or so much thereof as is necessary, to be used for the 33 purposes designated: 34 For salaries, support, maintenance, and miscellaneous 35 -7- SF 2432 (2) 90 ko/ns/mb 7/ 18

S.F. 2432 purposes, and for not more than the following full-time 1 equivalent positions: 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,296,403 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FTEs 9.00 4 2. Of the moneys appropriated in this section, the board 5 shall allocate $15,000 for maintaining an internet site that 6 allows access to a searchable database of collective bargaining 7 information. 8 Sec. 9. DEPARTMENT OF WORKFORCE DEVELOPMENT. There 9 is appropriated from the general fund of the state to the 10 department of workforce development for the fiscal year 11 beginning July 1, 2024, and ending June 30, 2025, the following 12 amounts, or so much thereof as is necessary, to be used for the 13 purposes designated: 14 1. WORKFORCE DEVELOPMENT OPERATIONS 15 a. For the operation of field offices and the workforce 16 development board, and for not more than the following 17 full-time equivalent positions: 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6,902,636 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FTEs 166.41 20 b. Of the moneys appropriated in paragraph “a”, the 21 department shall allocate $150,000 to the state library for the 22 purpose of licensing an online resource which prepares persons 23 to succeed in the workplace through programs which improve job 24 skills and vocational test-taking abilities. 25 2. OFFENDER REENTRY PROGRAM 26 a. For the development and administration of an offender 27 reentry program to provide offenders with employment skills, 28 and for not more than the following full-time equivalent 29 positions: 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 387,158 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FTEs 5.00 32 b. The department of workforce development shall partner 33 with the department of corrections to provide staff within 34 the correctional facilities resources to improve offenders’ 35 -8- SF 2432 (2) 90 ko/ns/mb 8/ 18

S.F. 2432 abilities to find and retain productive employment. 1 3. INTEGRATED INFORMATION FOR IOWA SYSTEM 2 For the payment of services provided by the department of 3 administrative services related to the integrated information 4 for Iowa system: 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 228,822 6 4. WORKPLACE INJURY AND SAFETY SURVEYS 7 For the operation of workplace safety surveys and workplace 8 data collection and analysis, including salaries, support, 9 maintenance, and miscellaneous purposes, and for not more than 10 the following full-time equivalent positions: 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 125,555 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FTEs 3.00 13 5. SUMMER YOUTH INTERN PILOT PROGRAM 14 For the funding of a summer youth intern pilot program that 15 will help young people at risk of not graduating from high 16 school to explore and prepare for high-demand careers through 17 summer work experience, including the development of soft 18 skills: 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 250,000 20 6. VOCATIONAL REHABILITATION SERVICES DIVISION 21 a. For salaries, support, maintenance, and miscellaneous 22 purposes, and for not more than the following full-time 23 equivalent positions: 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6,226,739 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FTEs 248.00 26 For purposes of optimizing the job placement of individuals 27 with disabilities, the division shall make its best efforts 28 to work with community rehabilitation program providers for 29 job placement and retention services for individuals with 30 significant disabilities and most significant disabilities. By 31 January 15, 2025, the division shall submit a written report to 32 the general assembly regarding the division’s outreach efforts 33 with community rehabilitation program providers. 34 b. For matching moneys for programs to enable persons 35 -9- SF 2432 (2) 90 ko/ns/mb 9/ 18

S.F. 2432 with severe physical or mental disabilities to function more 1 independently, including salaries and support, and for not more 2 than the following full-time equivalent positions: 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 84,804 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FTEs 1.00 5 c. For the entrepreneurs with disabilities program 6 established pursuant to section 84H.4: 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 138,506 8 d. For costs associated with centers for independent 9 living: 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 86,547 11 7. ADULT EDUCATION AND LITERACY PROGRAMS 12 For distribution as grants to community colleges for 13 the purpose of adult basic education programs for students 14 requiring instruction in English as a second language: 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 500,000 16 In issuing grants under this subsection, the department of 17 workforce development shall use the same application process 18 and criteria as are used for purposes of awarding grants to 19 community colleges for the purpose of adult basic education 20 programs for students requiring instruction in English as a 21 second language using moneys that are appropriated to the 22 department from the Iowa skilled worker and job creation fund. 23 8. REGISTERED APPRENTICESHIP DEVELOPMENT PROGRAMS 24 For the funding of the registered apprenticeship development 25 programs under chapter 84F to encourage small to midsize 26 businesses to start or grow registered apprenticeships: 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 760,000 28 Notwithstanding section 8.33 , moneys appropriated in this 29 section that remain unencumbered or unobligated at the close of 30 the fiscal year shall not revert but shall remain available for 31 expenditure for the purposes designated until the close of the 32 succeeding fiscal year. 33 Sec. 10. GENERAL FUND —— EMPLOYEE MISCLASSIFICATION 34 PROGRAM. There is appropriated from the general fund of the 35 -10- SF 2432 (2) 90 ko/ns/mb 10/ 18

S.F. 2432 state to the department of workforce development for the fiscal 1 year beginning July 1, 2024, and ending June 30, 2025, the 2 following amount, or so much thereof as is necessary, to be 3 used for the purposes designated: 4 For enhancing efforts to investigate employers that 5 misclassify workers, and for not more than the following 6 full-time equivalent positions: 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 379,631 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FTEs 3.00 9 Sec. 11. SPECIAL EMPLOYMENT SECURITY CONTINGENCY FUND. 10 1. There is appropriated from the special employment 11 security contingency fund created in section 96.13 to the 12 department of workforce development for the fiscal year 13 beginning July 1, 2024, and ending June 30, 2025, the following 14 amount, or so much thereof as is necessary, to be used for 15 field offices: 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,416,084 17 2. Any remaining additional penalty and interest revenue 18 collected by the department of workforce development is 19 appropriated to the department for the fiscal year beginning 20 July 1, 2024, and ending June 30, 2025, to accomplish the 21 mission of the department. 22 Sec. 12. UNEMPLOYMENT COMPENSATION RESERVE FUND —— FIELD 23 OFFICES. Notwithstanding section 96.9, subsection 8 , paragraph 24 “e”, there is appropriated from interest earned on the 25 unemployment compensation reserve fund created in section 96.9 26 to the department of workforce development for the fiscal year 27 beginning July 1, 2024, and ending June 30, 2025, the following 28 amount, or so much thereof as is necessary, to be used for the 29 purposes designated: 30 For the operation of field offices: 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,200,000 32 Sec. 13. IOWA SKILLED WORKER AND JOB CREATION FUND. 33 1. There is appropriated from the Iowa skilled worker and 34 job creation fund created in section 8.75 to the following 35 -11- SF 2432 (2) 90 ko/ns/mb 11/ 18

S.F. 2432 departments, agencies, and institutions for the fiscal year 1 beginning July 1, 2024, and ending June 30, 2025, the following 2 amounts, or so much thereof as is necessary, to be used for the 3 purposes designated: 4 a. ECONOMIC DEVELOPMENT AUTHORITY 5 (1) For the purposes of providing assistance as described in 6 section 15.335B for the high quality jobs program: 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 11,700,000 8 (a) From the moneys appropriated in this subparagraph 9 (1), the economic development authority may use not more than 10 $1,000,000 for purposes of providing infrastructure grants to 11 main street communities under the main street Iowa program. 12 (b) As a condition of receiving moneys appropriated in this 13 subparagraph (1), an entity shall testify upon the request of 14 the joint appropriations subcommittee on economic development 15 regarding the expenditure of such moneys. 16 (2) For support of the manufacturing 4.0 technology 17 investment program established in section 15.371: 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,016,675 19 (3) For the empower rural Iowa program: 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 700,000 21 b. STATE BOARD OF REGENTS AND REGENTS INSTITUTIONS 22 (1) STATE BOARD OF REGENTS. For capacity building 23 infrastructure in areas related to technology 24 commercialization, marketing and business development 25 efforts in areas related to technology commercialization, 26 entrepreneurship, and business growth, and infrastructure 27 projects and programs needed to assist in implementation of 28 activities under chapter 262B : 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,000,000 30 (a) Of the moneys appropriated pursuant to this 31 subparagraph (1), 35 percent shall be allocated for Iowa state 32 university of science and technology, 35 percent shall be 33 allocated for the state university of Iowa, and 30 percent 34 shall be allocated for the university of northern Iowa. 35 -12- SF 2432 (2) 90 ko/ns/mb 12/ 18

S.F. 2432 (b) The institutions shall provide a one-to-one match 1 of additional moneys for the activities funded with moneys 2 appropriated under this subparagraph (1). 3 (c) The state board of regents shall submit a report by 4 January 15, 2025, to the governor and the general assembly 5 regarding the activities, projects, and programs funded with 6 moneys appropriated under this subparagraph (1). The report 7 shall be provided in an electronic format and shall include a 8 list of metrics and criteria mutually agreed to in advance by 9 the board of regents and the economic development authority. 10 The metrics and criteria shall allow the governor’s office and 11 the general assembly to quantify and evaluate the progress 12 of the board of regents institutions with regard to their 13 activities, projects, and programs in the areas of technology 14 commercialization, entrepreneurship, regional development, and 15 market research. 16 (2) IOWA STATE UNIVERSITY OF SCIENCE AND TECHNOLOGY. For 17 small business development centers, the research park, and the 18 center for industrial research and service, and for not more 19 than the following full-time equivalent positions: 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,424,302 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FTEs 50.95 22 (a) Of the moneys appropriated in this subparagraph (2), 23 Iowa state university of science and technology shall allocate 24 at least $735,728 for purposes of funding small business 25 development centers. Iowa state university of science and 26 technology may allocate the appropriated moneys to the various 27 small business development centers in any manner necessary to 28 achieve the purposes of this subparagraph. 29 (b) Iowa state university of science and technology shall 30 do all of the following: 31 (i) Direct expenditures for research toward projects that 32 will provide economic stimulus for Iowa. 33 (ii) Provide emphasis to providing services to Iowa-based 34 companies. 35 -13- SF 2432 (2) 90 ko/ns/mb 13/ 18

S.F. 2432 (c) It is the intent of the general assembly that the 1 industrial incentive program focus on Iowa industrial sectors 2 and seek contributions and in-kind donations from businesses, 3 industrial foundations, and trade associations, and that moneys 4 for the center for industrial research and service industrial 5 incentive program shall be allocated only for projects which 6 are matched by private sector moneys for directed contract 7 research or for nondirected research. The match required of 8 small businesses as defined in section 15.102 for directed 9 contract research or for nondirected research shall be $1 10 for each $3 of state funds. The match required for other 11 businesses for directed contract research or for nondirected 12 research shall be $1 for each $1 of state funds. The match 13 required of industrial foundations or trade associations shall 14 be $1 for each $1 of state funds. 15 (d) Iowa state university of science and technology shall 16 report annually to the general assembly the total amount of 17 private contributions, the proportion of contributions from 18 small businesses and other businesses, and the proportion for 19 directed contract research and nondirected research of benefit 20 to Iowa businesses and industrial sectors. 21 (3) STATE UNIVERSITY OF IOWA 22 (a) For the state university of Iowa research park and for 23 university of Iowa pharmaceuticals located at the research 24 park, including salaries, support, maintenance, equipment, and 25 miscellaneous purposes, and for not more than the following 26 full-time equivalent positions: 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 209,279 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FTEs 6.00 29 The state university of Iowa shall do all of the following: 30 (i) Direct expenditures for research toward projects that 31 will provide economic stimulus for Iowa. 32 (ii) Provide emphasis to providing services to Iowa-based 33 companies. 34 (b) For the purpose of implementing the entrepreneurship 35 -14- SF 2432 (2) 90 ko/ns/mb 14/ 18

S.F. 2432 and economic growth initiative, and for not more than the 1 following full-time equivalent positions: 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,000,000 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FTEs 8.00 4 (4) UNIVERSITY OF NORTHERN IOWA. For the metal casting and 5 foundry 4.0 centers, advance Iowa, family business center, and 6 the institute for decision making, including salaries, support, 7 maintenance, and miscellaneous purposes, and for not more than 8 the following full-time equivalent positions: 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,466,419 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FTEs 13.00 11 The university of northern Iowa shall do all of the 12 following: 13 (a) Direct expenditures for research toward projects that 14 will provide economic stimulus for Iowa. 15 (b) Provide emphasis to providing services to Iowa-based 16 companies. 17 (5) As a condition of receiving moneys appropriated in 18 this lettered paragraph “b”, an entity shall testify upon the 19 request of the joint appropriations subcommittee on economic 20 development regarding the expenditure of such moneys. 21 c. DEPARTMENT OF WORKFORCE DEVELOPMENT 22 (1) To develop a long-term sustained program to train 23 unemployed and underemployed central Iowans with skills 24 necessary to advance to higher-paying jobs with full benefits: 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 100,000 26 As a condition of receiving moneys appropriated under this 27 subparagraph (1), an entity shall testify upon the request of 28 the joint appropriations subcommittee on economic development 29 regarding the expenditure of such moneys. 30 (2) For distribution to community colleges for the purposes 31 of implementing adult education and literacy programs pursuant 32 to section 84A.19: 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,500,000 34 (a) From the moneys appropriated in this numbered 35 -15- SF 2432 (2) 90 ko/ns/mb 15/ 18