Amendment S-5162 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 · May 23, 2022
Filed May 23, 2022 in the Senate by Rep. Craig P. Johnson (R)
What it changes
- Page 6, by striking lines 26 through 28 and inserting “improvements to a levee, notwithstanding section”
- Page 22, lines 25 and 26, by striking “entity, including” and inserting “entity that is”
- Page 22, line 26, by striking “district,” and inserting “district”
- Page 22, line 33, after “entity.” by inserting “However, financial assistance shall not be provided to an applicant from the sports tourism infrastructure program fund created in section 15F.404 for infrastructure projects located in a reinvestment district as defined and approved by the authority pursuant to section 15J.4 or to applicants that have received a rebate of sales tax imposed and collected by retailers pursuant to section 423.4, subsection
- ”
- Page 22, line 34, by striking “subsections 5” and inserting “subsections 4, 5,”
- Page 22, after line 35 by inserting: “
- a. An applicant shall demonstrate matching funds in order to receive financial assistance pursuant to this section . The amount of matching funds that may be required shall be at the board’s discretion subject to the requirements of this subsection . b. An applicant under the program shall not receive financial assistance from the sports tourism marketing program fund created in section 15F.403 or the sports tourism infrastructure program fund created in section 15F.404 in an amount exceeding fifty percent of the total cost of the project. c. An applicant under the program shall not receive financial assistance from the sports tourism infrastructure program fund created in section 15F.404 until all financing for the sports tourism infrastructure project is secured and documented and the applicant can demonstrate the availability -1- S 5153.4535 (1) 89 ec/tm 1/ 2 of matching moneys for financing the sports tourism infrastructure project in the form of a private and public partnership with financing from city, county, and private sources.”
- Page 25, line 9, before “public” by inserting “eligible”
- By renumbering as necessary.