Relating to and making appropriations for the economic development of the state, including to the economic development authority, Iowa finance authority, department of workforce development, and state board of regents and certain regents institutions, and codifying the housing renewal program

This bill relates to and makes appropriations for the economic development of the state, and codifies the housing renewal program. DIVISION I —— FY 2026-2027 APPROPRIATIONS. The bill appropriates moneys for FY 2026-2027 from the general fund of the state to the economic development authority (IEDA), Iowa finance authority (IFA), department of workforce development (IWD), Iowa state university of science and technology (ISU), state university of Iowa, and university of northern Iowa. For FY 2026-2027, the bill limits standing appropriations for the world food prize, the arts and culture enhancement fund, and tourism marketing. 7 to IEDA. The bill appropriates moneys for FY 2026-2027 from the special employment security contingency fund to IWD. The bill also appropriates moneys for FY 2026-2027 from the Iowa skilled worker and job creation fund to IEDA, IWD, and the state board of regents and institutions under the control of the board. The auditor of state is requested to review the audit of IFA performed by the auditor hired by IFA. The bill requires IEDA, the vocational rehabilitation services division of IWD, the state board of regents, and ISU to submit various reports to the general assembly. DIVISION II —— HOUSING RENEWAL PROGRAM. The bill codifies the housing renewal program (program) created pursuant to 2022 Iowa Acts, chapter 1148, section 20, as amended by 2023 Iowa Acts, chapter 110, section 18, and 2025 Iowa Acts, chapter 155, section 14. Under the bill, payments of interest, income generated from the sale of ownership units, recaptures of financial assistance (assistance) awards, and other repayments shall be retained by, or returned to, the nonprofit Iowa affiliate for the purpose of awarding assistance under the program to eligible participants, rather than be deposited in the program fund as is the case under current law. “Nonprofit Iowa affiliate” is defined in the bill.