Bills › 90th General Assembly
Relating to economic development and energy shortages under the purview of the economic development authority and governor, and providing penalties
Sponsored by the Senate Commerce Committee
Topics:Business & economy
Same legislation: HF 2450
Where it is now
- Done: IntroducedFebruary 8, 2024
- Skipped: SubcommitteeSkipped
- Done: Senate committeeFebruary 8, 2024
- Done: Passes the SenateMarch 5, 202450–0
- Done: House committeeMarch 14, 2024
- Done: Passes the HouseMarch 18, 202495–1
- Done: To the GovernorApril 29, 2024
- Done: Signed into lawMay 17, 2024
Signed into law What’s a funnel?
What’s in it
This bill relates to economic development and energy shortages under the purview of the economic development authority and governor. DIVISION I —— ECONOMIC DEVELOPMENT PROGRAMS. The bill strikes the specific power of the economic development authority (authority) to charge a business or individual a fee for use of the authority’s federal EB-5 immigrant investor regional center. The bill specifies the circumstances in which the authority may prohibit a person from receiving an award or financial assistance, or from being selected as a vendor to provide goods or services to the authority.
Read the full explanation
The circumstances include: an act or omission by the person that seriously affects or threatens public health, public safety, or the environment; the person is charged with or convicted of a crime involving dishonesty; an act or omission by the person that indicates a lack of integrity or honesty; the person violates the terms of an agreement or transaction; or a compelling cause exists that is relevant to and affects the obligations of the person or vendor under programs administered by the authority. The authority is required to provide written notification to the person of the reason for the prohibition, and may immediately disqualify such a person from receiving financial assistance or being selected as a vendor.108 (primary responsibilities of the authority). The bill strikes the requirement that the authority establish a federal procurement office staffed with experts in marketing to federal agencies. The bill strikes provisions allowing the authority to adopt a label or trademark that identifies Iowa products and services, and to promote an import substitution program to encourage the purchase of domestically produced Iowa goods. In financial assistance applications, the bill strikes a provision requiring the authority to award a supplementary credit to applications submitted by local governments or regional economic development organizations if such governmental entity or organization has developed a comprehensive community and economic development plan. The bill strikes a provision encouraging coordination with the Iowa board of regents and area community colleges to establish a conversational foreign language training program. A provision encouraging the promotion and assistance in the creation of international currency and barter exchanges is stricken. Under the bill, the governor is no longer required to appoint an export advisory board. The bill strikes a provision encouraging college graduates from Iowa schools and former residents who reside in foreign countries to become cultural advisors for the authority and for Iowa businesses participating in trade missions, and strikes the provision encouraging foreign students studying in Iowa to be used as contacts with Iowa businesses engaged in export activities. A revolving fund is stricken by the bill that allows the authority to receive contributions for use in start-up expansion of tourism special events, fairs, and festivals.22 as created in the bill.108(6)(3) requiring the director of the authority to assist a targeted small business unable to perform a procurement contract, and makes other related changes. The bill strikes a provision encouraging the authority to cooperate with other state agencies to establish a program to educate employers on the rates and workings of the state unemployment compensation program and state workers’ compensation program. Under the bill, the authority is no longer required to study the feasibility of reducing the number of state licenses, permits, and certificates required to conduct business. The bill strikes a provision allowing the authority to help local entities develop programs to assist homeless shelter operations.246.0 technology program by allowing an employer who employs up to 125 employees to qualify for the program. Currently, an employer with more than employees does not qualify for the program. The bill repeals provisions requiring a statewide welcome center program and related provisions. DIVISION II —— ENERGY SHORTAGES. Under current law, if the authority by resolution determines the people of this state are threatened by an actual or impending acute shortage of energy, the authority is required to transmit the resolution to the governor together with recommendations. After transmission of such a resolution under current law, the governor may issue a proclamation of emergency. The bill grants the governor sole power to issue a proclamation that an actual acute shortage of usable energy has occurred or is imminent based upon the energy security plan of the state developed in the bill, or allows the governor to base the proclamation in response to a declaration of severe energy supply interruption by the president of the United States under the federal Emergency Energy Conservation Act of 1979, as amended.6(18), and the powers essentially remain the same.1.2(1). The bill strikes a provision requiring state government to be a model and testing ground for the use of energy and energy systems.5. The bill requires the energy security plan to include but is not limited to a description of circumstances that may lead to an actual or impending acute shortage of energy, including liquid fossil fuels, and action plans to be taken by relevant state agencies if a disaster emergency proclamation relating to energy is issued by the governor.7 (duties of authority) and removes most of the duties of the authority.4 created in the bill. The duties include periodically updating the energy security plan authorized in the bill.6(18) in the bill.41 (energy city designation program).19A, the bill transfers any remaining moneys in the fund to the general fund of the state.
From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text · What changed before it passed
Iowa Code it changes
Creates§15.106E§473.4§473.5§73.22
Amends§12.28§15.106B§15.108§15.371§279.53§298.3§29C.2§29C.6§323A.2§473.1§473.3§805.8C
Cites§473.19A
Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works
Lobbying
2 for · 1 against · 23 undecided · Who →
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90th General Assembly
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