LAWS OF THE 2001 REGULAR SESSION
OF THE SEVENTY-NINTH
GENERAL ASSEMBLY OF THE STATE OF IOWA

CHAPTER 156

CRITERIA FOR STATE ECONOMIC DEVELOPMENT FINANCIAL ASSISTANCE

S.F. 81   Bill History

AN ACT relating to limitations on the disbursement of economic development financial assistance moneys by state agencies.

Be It Enacted by the General Assembly of the State of Iowa:

Section 1. Section 15A.1, Code 2001, is amended by adding the following new subsection:

NEW SUBSECTION. 5. In addition to the other requirements of this section, a state agency may give additional consideration or additional points in the application of rating or evaluation criteria in providing a grant, loan, or other financial assistance for economic development-related purposes to a person or business for whose benefit the financial assistance is to be provided if the person or business is located in an area that meets one of the following criteria:

a. The area is a brownfield site as defined in section 15.291.

b. The area is a blighted area as defined in section 403.17.

c. The area is located in a city or county that meets the distress criteria provided under the enterprise zone program in section 15E.194, subsection 1 or 2.

Approved May 22, 2001



Updated: 29-Oct-2001 03:45 PM
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