Amendment H-8321 to HF 2579
Relating to and making appropriations to state departments and agencies from the rebuild Iowa infrastructure fund, the technology reinvestment fund, and the sports wagering receipts fund, providing for related matters, and including effective date and retroactive applicability provisions
Adopted · April 5, 2022
Filed April 5, 2022 in the House by
What it changes
- Page 14, after line 12 by inserting: “Sec. ___. Section 15.261, Code 2022, is amended to read as follows: 15.261 Vacant state buildings demolition fund.
- A vacant state buildings demolition fund is created in the state treasury under the control of the authority. The fund shall consist of all moneys appropriated to the fund.
- Moneys in the vacant state buildings demolition fund are appropriated to the authority for purposes of funding a grant program for the demolition of vacant buildings owned by the state or by a county that has purchased real property from the federal government which are no longer used for a state or federal purpose. Grant program criteria shall provide that no more than fifty percent of the cost of a project for the demolition of vacant buildings shall be funded from a grant under the program. The authority shall give preference to applicants that have not previously been awarded money from this fund.
- Notwithstanding section 12C.7, subsection 2 , interest or earnings on moneys deposited in the vacant state buildings demolition fund shall be credited to the vacant state buildings demolition fund. Notwithstanding section 8.33 , moneys credited to the vacant state buildings demolition fund shall not revert at the close of a fiscal year. Sec. ___. Section 15.262, Code 2022, is amended to read as follows: 15.262 Vacant state buildings rehabilitation fund.
- A vacant state buildings rehabilitation fund is created in the state treasury under the control of the authority. The fund shall consist of all moneys appropriated to the fund.
- Moneys in the vacant state buildings rehabilitation fund are appropriated to the authority for purposes of funding a loan program for the rehabilitation or redevelopment of vacant buildings owned by the state or by a county that has purchased real property from the federal government which are no longer used for a state or federal purpose. The authority shall give preference to applicants that have not previously been awarded money from this fund.
- Notwithstanding section 12C.7, subsection 2 , interest or earnings on moneys deposited in the vacant state buildings rehabilitation fund shall be credited to the vacant state buildings rehabilitation fund. Notwithstanding section 8.33 , moneys credited to the vacant state buildings rehabilitation fund shall not revert at the close of a fiscal year.”
- Page 15, after line 3 by inserting: “Sec. ___. EFFECTIVE DATE. The following, being deemed of immediate importance, take effect upon enactment: The sections of this division of this Act amending sections 15.261 and 15.262. Sec. ___. RETROACTIVE APPLICABILITY. The following apply retroactively to June 1, 2020: The sections of this division of this Act amending sections 15.261 and 15.262.”
- Title page, line 4, after “effective date” by inserting “and retroactive applicability”
- By renumbering as necessary.