16.196 - IOWA JOBS RESTRICTED CAPITALS FUND -- APPROPRIATIONS.
16.196 IOWA JOBS RESTRICTED CAPITALS FUND --
APPROPRIATIONS.
1. An Iowa jobs restricted capitals fund is created and
established as a separate and distinct fund in the state treasury.
The fund consists of moneys appropriated from the revenue bonds
capitals fund created in section 12.88. The moneys in the fund are
appropriated to the Iowa jobs board for purposes of the Iowa jobs
program established in section 16.194. Moneys in the fund shall not
be subject to appropriation for any other purpose by the general
assembly, but shall be used only for the purposes of the Iowa jobs
program. The treasurer of state shall act as custodian of the fund
and disburse moneys contained in the fund. The fund shall be
administered by the board which shall make allocations from the fund
consistent with the purposes of the Iowa jobs program.
2. There is appropriated from the revenue bonds capitals fund
created in section 12.88, to the Iowa jobs restricted capitals fund,
for the fiscal year beginning July 1, 2009, and ending June 30, 2010,
one hundred sixty-five million dollars to be allocated as follows:
a. One hundred eighteen million five hundred thousand dollars
for competitive grants for local infrastructure projects relating to
disaster rebuilding, reconstruction and replacement of local
buildings, flood control and flood protection, and future flood
prevention public projects. An applicant for a local infrastructure
grant shall not receive more than fifty million dollars in financial
assistance from the fund.
b. Forty-six million five hundred thousand dollars for
disaster relief and mitigation and local infrastructure grants for
the following renovation and construction projects, notwithstanding
any limitation on the state's percentage participation in funding as
contained in section 29C.6, subsection 17:
(1) For grants to a county with a population between one hundred
eighty-nine thousand and one hundred ninety-six thousand in the
latest preceding certified federal census, to be distributed as
follows:
(a) Ten million dollars for the construction of a new, shared
facility between nonprofit human service organizations serving the
public, especially the needs of low-income Iowans, including those
displaced as a result of the disaster of 2008.
(b) Five million dollars for the construction or renovation of a
facility for a county-funded workshop program serving the public and
particularly persons with mental illness or developmental
disabilities.
(2) For grants to a city with a population between one hundred
ten thousand and one hundred twenty thousand in the latest preceding
certified federal census, to be distributed as follows:
(a) Five million dollars for an economic redevelopment project
benefiting the public by improving energy efficiency and the
development of alternative and renewable energy technologies.
(b) Ten million dollars for a museum serving the public and
dedicated to the preservation of an eastern European cultural
heritage through the collection, exhibition, preservation, and
interpretation of historical artifacts.
(c) Five million dollars for a theater serving the public and
promoting culture, entertainment, and tourism.
(d) Five million dollars for a public library.
(e) Five million dollars for a public works building.
(3) One million five hundred thousand dollars, to be distributed
as follows:
(a) Five hundred thousand dollars to a city with a population
between six hundred and six hundred fifty in the latest preceding
certified federal census, for a public fire station.
(b) Five hundred thousand dollars to a city with a population
between one thousand four hundred and one thousand five hundred in
the latest preceding certified federal census, for a public fire
station.
(c) Five hundred thousand dollars for a city with a population
between seven thousand eight hundred and seven thousand eight hundred
fifty, for a public fire station.
3. Grant awards for a project under subsection 2, paragraph
"b", are contingent upon submission of a plan for each project by
the applicable county or city governing board or in the case of a
project submitted pursuant to subsection 2, paragraph "b",
subparagraph (2), subparagraph division (b), by the board of
directors, to the Iowa jobs board, no later than September 1, 2009,
detailing a description of the project, the plan to rebuild, and the
amount or percentage of federal, state, local, or private matching
moneys which will be or have been provided for the project. Funds
not utilized in accordance with subsection 2, paragraph "b", due
to failure to file a plan by the September 1 deadline shall revert to
the Iowa jobs restricted capitals fund to be available for local
infrastructure competitive grants. A grant recipient under
subsection 2, paragraph "b", shall not be precluded from applying
for a local infrastructure competitive grant pursuant to this section
and section 16.195.
4. Moneys in the fund are not subject to section 8.33.
Notwithstanding section 12C.7, subsection 2, interest or earnings on
moneys in the fund shall be credited to the fund.
5. Annually, on or before January 15 of each year, the board
shall report to the legislative services agency and the department of
management the status of all projects receiving moneys from the fund
completed or in progress. The report shall include a description of
the project, the progress of work completed, the total estimated cost
of the project, a list of all revenue sources being used to fund the
project, the amount of funds expended, the amount of funds obligated,
and the date the project was completed or an estimated completion
date of the project, where applicable.
6. Payment of moneys appropriated from the fund shall be made in
a manner that does not adversely affect the tax-exempt status of any
outstanding bonds issued by the treasurer of state. Section History: Recent Form
2009 Acts, ch 173, §10, 36
Referred to in § 16.197