Relating to and making appropriations for the economic development of the state, including to the economic development authority, the Iowa finance authority, the public employment relations board, the department of workforce development, and the state board of regents and certain regents institutions

This bill relates to and makes appropriations for the economic development of the state. The bill appropriates moneys for FY 2024-2025 from the general fund of the state to the economic development authority, the Iowa finance authority, the public employment relations board, the department of workforce development, Iowa state university of science and technology, the state university of Iowa, and the university of northern Iowa. The bill appropriates moneys for FY 2024-2025 from the Iowa skilled worker and job creation fund to the economic development authority, the department of workforce development, and the state board of regents and institutions under the control of the board. For FY 2024-2025, the bill limits standing appropriations for the world food prize, certain operational support grants, community cultural grants, and regional tourism marketing.7 to the economic development authority. The bill appropriates moneys for FY 2024-2025 from the special employment security contingency fund and interest earned on the unemployment compensation reserve fund to the department of workforce development. secretary of treasury pursuant to section 903 of the federal Social Security Act are appropriated to the department of workforce development. Up to $800,000 of the unemployment compensation modernization incentive payments made to the state’s unemployment trust fund account as a special transfer under section 903 of the federal Social Security Act are appropriated to the department of workforce development for modification of space for unemployment insurance administrative law judge offices and conference rooms for unemployment insurance appeal hearings. The auditor of state is requested to review the audit of the Iowa finance authority performed by the auditor hired by the authority. The bill requires the economic development authority, the vocational rehabilitation services division of the department of workforce development, the state board of regents, and Iowa state university of science and technology to submit various reports to the general assembly.