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Bills › 89th General Assembly

SF 325Died when the session ended · February 11, 2021

Relating to the Iowa small business relief program, making appropriations, and including effective date provisions

Topics:State budget

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Official bill pageLobbyist declarationsOne-pager to print

Where it is now

  1. Done: IntroducedFebruary 11, 2021
  2. Done: SubcommitteeFebruary 22, 2021
  3. Stopped: Senate committeeDied when the General Assembly ended
  4. Next: Passes the Senate
  5. Next: House committee
  6. Next: Passes the House
  7. Next: To the Governor
  8. Next: Signed into law

Died when the session ended The 2022 session adjourned on May 24, 2022, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?

What’s in it

For the fiscal year beginning July 1, 2020, and ending June 30, 2021, this bill appropriates $100 million from the general fund of the state to the economic development authority for the Iowa small business relief program (program). The bill expands eligibility under the program to include sole proprietors that were an established business prior to March 17, 2020, who are owners and that had no employees; and businesses that employed up to individuals prior to March 17, 2020. Current eligibility under the program includes sole proprietors that had at least one part-time or full-time employee other than the owner, and businesses that employed between and employees.

Read the full explanation

The bill adds additional requirements as specified in the bill for businesses, which includes sole proprietors, to be eligible for a grant. The bill specifies that the minimum grant that may be awarded is $5,000 and the maximum grant that may be awarded under the program is $20,000. The current maximum grant amount is $25,000. Under the bill, a business is only eligible for one grant under the program. The moneys appropriated that remain unencumbered or unobligated at the close of the fiscal year do not revert and remain available for expenditure for the program until June 30, 2022. The bill is effective upon enactment.

Full bill text1

Senate subcommittee

Named February 22, 2021. It hasn’t reported yet.

Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part

Lobbying

0 for · 0 against · 2 undecided · Who →

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