reglab/statecodes huggingface dataset:
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.17 - Regulatory information service.

15E.17 Regulatory information service.
1. The economic development authority shall provide a regulatory information service. The purpose of the service shall be to provide a center of information where a person interested in establishing a commercial facility or engaging in a commercial activity may be informed of any registration, license, or other approval of a state regulatory agency that is required for that facility or activity or of the existence of standards, criteria, or requirements which the laws of this state require that facility or activity to meet.
2. Each state agency which requires a permit, license, or other regulatory approval or maintains standards or criteria with which an activity or facility must comply shall inform the economic development authority of the following:
a. The activity or facility that is subject to regulation.
b. The existence of any threshold levels which would exempt the activity or facility from regulation.
c. The nature of the regulatory program.
d. The amount of any fees.
e. How to apply for any permits or regulatory approvals.
f. A brief statement of the purpose of requiring the permit or regulatory approval or requiring compliance with the standards or criteria.
3. Each state agency shall promptly inform the economic development authority of any changes in the information provided under subsection 2 or the establishment of a new regulatory program. The information provided to or disseminated by the authority shall not be binding upon the regulatory program of a state agency; however, a person shall not be subject to the imposition of a penalty for failure to comply with a regulatory program if the person demonstrates that the person relied upon information provided by the authority indicating compliance was not required and either ceases the activity upon notification by the regulatory agency or brings the activity or facility into compliance.
4. Subsections 2 and 3 do not apply to the following:
a. The utilities division of the department of commerce insofar as the information relates to public utilities.
b. The banking division of the department of commerce.
c. The credit union division of the department of commerce.
[82 Acts, ch 1099, §1]
C83, §28.17
C93, §15E.17
2008 Acts, ch 1031, §14; 2011 Acts, ch 118, §85, 89
Referred to in §15.108
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.18 - Site development consultations — certificates of readiness.

15E.18 Site development consultations — certificates of readiness.
1. a. The authority shall consult with local governments and local economic development officials in regard to site development techniques. For purposes of this section, “site development techniques” include environmental evaluations, property and wetland delineation, and historical evaluations.
b. The authority may charge a fee for providing site development consultations. The fee shall not exceed the reasonable cost to the authority of providing the consultations. The amount of any fees collected by the authority shall be deposited in the general fund of the state.
2. a. A local government or local economic development official involved with the development of a site may apply to the authority for a certificate of readiness verifying that the site is ready for development.
b. The authority shall develop criteria for evaluating various types of sites in order to determine whether a particular site is ready for development based on the site’s individual circumstances and the economic development goals of the applicant.
c. The authority shall review applications for certificates of readiness and may issue a certificate of readiness to any site that meets the criteria developed under paragraph “b”.
3. The authority shall adopt rules pursuant to chapter 17A for the implementation of this section.
2003 Acts, ch 158, §1
; 2003 Acts, 1st Ex, ch 1, §130, 133
[2003 Acts, 1st Ex, ch 1, §130, 133 amendments to section rescinded pursuant to Rants v. Vilsack, 684 N.W.2d 193]
2010 Acts, ch 1184, §36; 2011 Acts, ch 118, §87, 89
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.19 - Regulatory assistance.

15E.19 Regulatory assistance.
1. The economic development authority shall coordinate all regulatory assistance for the state of Iowa. Each state agency administering regulatory programs for business shall maintain a coordinator within the office of the director or the administrative division of the state agency. Each coordinator shall do all of the following:
a. Serve as the state agency’s primary contact for regulatory affairs with the economic development authority.
b. Provide information regarding regulatory requirements to businesses and represent the state agency to the private sector.
c. Monitor permit applications and provide timely permit status information to the economic development authority.
d. Require regulatory staff participation in negotiations and discussions with businesses.
e. Notify the economic development authority regarding proposed rulemaking activities that impact a regulatory program and any subsequent changes to a regulatory program.
2. The economic development authority shall, in consultation with the coordinators described in this section, examine, and to the extent permissible, assist in the implementation of methods, including the possible establishment of an electronic database, to streamline the process for issuing permits to business.
2005 Acts, ch 150, §7; 2008 Acts, ch 1122, §12; 2011 Acts, ch 118, §85, 89
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.21 - Iowa business resource centers.

15E.21 Iowa business resource centers.
The authority shall establish an Iowa business resource center program for purposes of locating Iowa business resource centers in the state. The authority shall partner with another entity wanting to assist with economic growth and establish an Iowa business resource center. Operational duties of a center shall focus on providing information and referrals to entrepreneurs and businesses. Operational duties of a center shall be determined pursuant to a memorandum of agreement between the authority and the other entity.
2005 Acts, ch 150, §8; 2011 Acts, ch 118, §87, 89
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.41 - Purpose.

15E.41 Purpose.
The purpose of this subchapter is to stimulate job growth, create wealth, and accelerate the creation of new ventures by using investment tax credits to incentivize the transfer of capital from investors to entrepreneurs, particularly during early-stage growth.
2002 Acts, ch 1006, §1, 13; 2015 Acts, ch 138, §109, 126, 127; 2017 Acts, ch 54, §76
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.42 - Definitions.

15E.42 Definitions.
For purposes of this subchapter, unless the context otherwise requires:
1. “Affiliate” means a spouse, child, or sibling of an investor or a corporation, partnership, or trust in which an investor has a controlling equity interest or in which an investor exercises management control.
2. “Authority” means the economic development authority created in section 15.105.
3. “Entrepreneurial assistance program” includes the entrepreneur investment awards program administered under section 15E.362, the receipt of services from a service provider engaged pursuant to section 15.411, subsection 1, or the program administered under section 15.411, subsection 2.
4. “Investor” means a person making a cash investment in a qualifying business. “Investor” does not include a person that holds at least a seventy percent ownership interest as an owner, member, or shareholder in a qualifying business.
5. “Qualifying business” means a business meeting the criteria defined in section 15E.44.
2002 Acts, ch 1006, §2, 13; 2002 Acts, ch 1175, §75; 2003 Acts, ch 108, §8; 2003 Acts, ch 179, §95, 159; 2004 Acts, ch 1148, §1, 7; 2011 Acts, ch 130, §37, 46, 47, 71; 2015 Acts, ch 138, §110 – 112, 126, 127; 2017 Acts, ch 54, §76
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.46 - Confidentiality — reports.

15E.46 Confidentiality — reports.
1. Except as provided in subsection 2, all information or records in the possession of the authority with respect to this subchapter shall be presumed by the authority to be a trade secret protected under chapter 550 or common law and shall be kept confidential by the authority unless otherwise ordered by a court.
2. All of the following shall be considered public information under chapter 22:
a. The identity of a qualifying business.
b. The identity of an investor and the qualifying business in which the investor made an equity investment.
c. The number of tax credit certificates issued by the authority.
d. The total dollar amount of tax credits issued by the authority.
3. The authority shall publish an annual report of the activities conducted pursuant to this subchapter and shall submit the report to the governor and the general assembly. The report shall include a listing of eligible qualifying businesses and the number of tax credit certificates and the amount of tax credits issued by the authority.
2002 Acts, ch 1006, §6, 13; 2011 Acts, ch 118, §87, 89; 2015 Acts, ch 138, §118, 126, 127; 2017 Acts, ch 54, §76
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.61 - Findings — purpose.

15E.61 Findings — purpose.
1. The general assembly finds the following: Fundamental changes have occurred in national and international financial markets and in the financial markets of this state. A critical shortage of seed and venture capital resources exists in the state, and such shortage is impairing the growth of commerce in the state. A need exists to increase the availability of venture equity capital for emerging, expanding, and restructuring enterprises in Iowa, including, without limitation, enterprises in the life sciences, advanced manufacturing, information technology, alternative and renewable energy including the alternative and renewable energy sectors listed in section 476.42, subsection 1, paragraph “a”, subparagraph (1), and value-added agriculture areas. Such investments will create jobs for Iowans and will help to diversify the state’s economic base.
2. This subchapter is enacted to fulfill the following purposes:
a. To mobilize private investment in a broad variety of venture capital partnerships in diversified industries and locales.
b. To retain the private-sector culture of focusing on rate of return in the investing process.
c. To secure the services of the best managers in the venture capital industry, regardless of location.
d. To facilitate the organization of the Iowa fund of funds in which to seek such private investment and to create interest in such investments by offering state incentives for private persons to make investments in the Iowa fund of funds.
e. To enhance the venture capital culture and infrastructure in the state of Iowa so as to increase venture capital investment within the state and to promote venture capital investing within Iowa.
f. To accomplish these purposes in such a manner as to minimize any appropriations by the state of Iowa.
g. To effectuate specific, measurable results, including all of the following:
(1) The creation of three new venture capital fund offices in Iowa within three years of February 28, 2002.
(2) The investment of resources from the Iowa fund of funds in Iowa businesses within three years of February 28, 2002.
(3) A cumulative rate of return on venture investments of the Iowa fund of funds equal to a minimum of one and one-half percentage points above the ten-year treasury bill rate in effect at the end of five years following February 28, 2002.
2002 Acts, ch 1005, §1; 2002 Acts, ch 1006, §13, 14; 2006 Acts, ch 1142, §16; 2008 Acts, ch 1032, §201; 2011 Acts, ch 25, §127; 2017 Acts, ch 54, §76
Referred to in §15E.63
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.62 - Definitions.

15E.62 Definitions.
As used in this subchapter, unless the context otherwise requires:
1. “Board” means the Iowa capital investment board created in section 15E.63.
2. “Certificate” means a contract between the board and a designated investor pursuant to which a tax credit is available and issued to the designated investor.
3. “Creditor” means a person, including an assignee of or successor to such person, who extends credit or makes a loan to the Iowa fund of funds or to a designated investor, and includes any person who refinances such credit or loan.
4. “Designated investor” means a person, other than the Iowa capital investment corporation, who purchases an equity interest in the Iowa fund of funds or a transferee of a certificate or tax credit.
5. “Fund documents” means all agreements relating to matters under the purview of this subchapter VII entered into prior to June 20, 2013, between or among the state, the Iowa fund of funds, a fund allocation manager or similar manager, the Iowa capital investment corporation, the board, a creditor, a designated investor, and a private seed or venture capital partnership, and includes other documents having the same force and effect between or among such parties, as any of the foregoing may be amended, modified, restated, or replaced from time to time.
6. “Iowa capital investment corporation” means a private, nonprofit corporation created pursuant to section 15E.64.
7. “Iowa fund of funds” means a private, for-profit limited partnership or limited liability company established by the Iowa capital investment corporation pursuant to section 15E.65 in which a designated investor purchases an equity interest.
8. “Tax credit” means a contingent tax credit issued pursuant to section 15E.66 that is available against tax liabilities imposed by chapter 422, subchapters II, III, and V, and by chapter 432 and against the moneys and credits tax imposed by section 533.329.
2002 Acts, ch 1005, §2; 2002 Acts, ch 1006, §13, 14; 2007 Acts, ch 174, §87; 2013 Acts, ch 140, §129, 132; 2017 Acts, ch 54, §76; 2020 Acts, ch 1062, §94
Referred to in §511.8(20)(b), 515.35
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.67 - Powers and effectiveness.

15E.67 Powers and effectiveness.
This subchapter shall not be construed as a restriction or limitation upon any power which the board might otherwise have under any other law of this state and the provisions of this subchapter are cumulative to such powers. This subchapter shall be construed to provide a complete, additional, and alternative method for performing the duties authorized and shall be regarded as supplemental and additional to the powers conferred by any other law. The level, timing, or degree of success of the Iowa fund of funds or the investment funds in which the Iowa fund of funds invests in, or the extent to which the investment funds are invested in Iowa venture capital projects, or are successful in accomplishing any economic development objectives, shall not compromise, diminish, invalidate, or affect the provisions of any contract entered into by the board or the Iowa fund of funds.
2002 Acts, ch 1005, §7; 2002 Acts, ch 1006, §13, 14; 2003 Acts, ch 44, §12; 2017 Acts, ch 54, §76
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.68 - Permissible investments.

15E.68 Permissible investments.
Investments by designated investors in the Iowa fund of funds shall be deemed permissible investments for state-chartered banks, for credit unions, and for domestic insurance companies under applicable state laws.
2002 Acts, ch 1005, §8; 2002 Acts, ch 1006, §13, 14
Insurance companies; §511.8, 515.35
Banks; §524.901
Credit unions; §533.304
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.69 - Enforcement.

15E.69 Enforcement.
The attorney general may enforce the provisions of this subchapter and conduct any investigations necessary for such enforcement.
2002 Acts, ch 1005, §9; 2002 Acts, ch 1006, §13, 14; 2017 Acts, ch 54, §76
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.70 - Financial statements — auditor of state.

15E.70 Financial statements — auditor of state.
By July 1 of each year, the Iowa fund of funds, the Iowa capital investment corporation, and designated investors shall submit a financial statement for the previous calendar year to the auditor of state.
2009 Acts, ch 179, §193
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.71 - Executive council action.

15E.71 Executive council action.
Notwithstanding section 7D.29, subsection 1, the executive council in full consultation with the attorney general, and with the agreement of the attorney general, shall take any action deemed necessary to protect the interests of the state with respect to any certificates, tax credits, entities created, or action taken in relation to this subchapter. Such actions may include but are not limited to initiation of legal action, commencement of special investigations, institution of special audits of any involved entity, or establishment of receiverships. If such action is taken, the council may incur the necessary expense to perform such a duty or cause such a duty to be performed, and pay the expense out of any moneys in the state treasury not otherwise appropriated.
2012 Acts, ch 1138, §15; 2017 Acts, ch 54, §76; 2020 Acts, ch 1062, §5; 2022 Acts, ch 1021, §6
Section amended
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.116 - Iowa wine and beer promotion board.

15E.116 Iowa wine and beer promotion board.
An Iowa wine and beer promotion board is created. The board consists of three members appointed by the director of the economic development authority. Each member shall serve a term of two years on the board. One member shall represent the authority, one member shall represent the Iowa wine makers, and one member shall represent the Iowa beer makers. The board shall advise the authority on the best means to promote wine and beer made in Iowa.
86 Acts, ch 1246, §719
C87, §28.116
C93, §15E.116
2011 Acts, ch 118, §85, 89
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.117 - Promotion of Iowa wine and beer.

15E.117 Promotion of Iowa wine and beer.
1. The economic development authority shall consult with the Iowa wine and beer promotion board on the best means to promote wine and beer made in Iowa.
2. The authority has the authority to contract with private persons for the promotion of beer and wine made in Iowa.
3. Moneys appropriated to the authority pursuant to sections 123.143 and 123.183 may be used by the authority for the purposes of this section, including administrative expenses incurred under this section.
86 Acts, ch 1246, §720
C87, §28.117
C93, §15E.117
2002 Acts, ch 1050, §6; 2003 Acts, ch 145, §286; 2010 Acts, ch 1188, §23; 2011 Acts, ch 118, §85, 89; 2011 Acts, ch 130, §27, 71
Referred to in §123.143, 123.183
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.203 - Findings — intent and purposes.

15E.203 Findings — intent and purposes.
1. The general assembly finds that this state is in a period when the economic structure of agriculture and the production, processing, and marketing of agricultural products is undergoing a period of rapid transformation.
2. It is the intent of the general assembly and purpose of this subchapter that this state capture the greatest benefit from opportunities created during this period, by encouraging local agricultural producer-led ventures to expand production and processing of high value agricultural products, including agricultural processed products, to organize new business structures within the state to carry out these ventures, and to market and deliver increasingly high value agricultural products to consumers around the world. In carrying out this purpose, state resources provided by this subchapter shall be used to assure all of the following:
a. That the majority of the wealth created by Iowa agricultural productivity is retained in this state.
b. That employment in the production, processing, and marketing of agricultural products, and especially agricultural processed products, is increased in this state.
c. That agricultural producers in this state are provided with an opportunity to acquire a majority ownership interest in Iowa agricultural industry ventures promoted under this subchapter.
d. That this state becomes a world model for agricultural producer-based vertical cooperation which depends upon broadly shared access to information, capital, and cooperative action.
e. That the use of private resources with state incentives establish Iowa as the world leader in responsibly produced agricultural products that meet the needs of consumers throughout the world.
3. It is the intent of the general assembly and the purpose of this subchapter that the state encourage Iowa agricultural industry ventures which promote the research and application of biological techniques for the development of specialized plant or animal characteristics for beneficial nutritional, commercial, or industrial purposes.
98 Acts, ch 1207, §4; 2017 Acts, ch 54, §76
Referred to in §15E.209
Additional legislative findings;
98 Acts, ch 1207, §1
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.204 - Iowa agricultural industry finance corporations — scope of powers and duties.

15E.204 Iowa agricultural industry finance corporations — scope of powers and duties.
1. An Iowa agricultural industry finance corporation formed under this subchapter shall be subject to and have the powers and privileges conferred by provisions of chapter 490, unless otherwise limited by or inconsistent with the provisions of this subchapter.
2. Nothing in this subchapter requires any of the following:
a. That a limited number of Iowa agricultural industry finance corporations are authorized to be formed. However, the authority may strictly interpret and apply the requirements of this subchapter in determining whether a corporation is a qualified corporation under section 15E.208.
b. That a corporation be organized on a cooperative basis, including structured, organized, or operated pursuant to 26 U.S.C. §1381(a).
c. That a corporation is restricted from holding, acquiring, or transferring financial or security instruments, including but not limited to a security regulated under chapter 502, money, accounts, and chattel paper under chapter 554, security interests under chapter 554, or a mortgage or deed of trust under chapter 654.
3. An Iowa agricultural industry finance corporation is a private business corporation and not a public corporation or instrumentality of the state. Except as provided in this subchapter, nothing in this subchapter exempts an Iowa agricultural industry finance corporation from the same requirements under state law which apply to other corporations organized under chapter 490, including taxation provisions under chapter 422 or Title X, subtitle 2 of this Code, or security regulations under chapter 502.
98 Acts, ch 1207, §5; 2011 Acts, ch 118, §87, 89; 2017 Acts, ch 54, §76
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.205 - Iowa agricultural industry finance corporations — requirements.

15E.205 Iowa agricultural industry finance corporations — requirements.
1. A corporation incorporated under chapter 490 is an Iowa agricultural industry finance corporation if the corporation complies with the requirements of this section and section 15E.206. In addition to the other requirements for a corporation organized under chapter 490, all of the following shall apply:
a. Agricultural producers must hold at least fifty-one percent of the corporation’s common stock and at least fifty-one percent of the corporation’s voting stock. The status of an agricultural producer shall be determined at the time of the transfer of stock from the corporation to the shareholder in a manner and as provided in the corporation’s articles of incorporation or bylaws.
b. A director of the corporation’s board of directors shall not serve for more than seven consecutive years as a board director.
c. The purpose of the corporation must be limited to providing financing to eligible persons under section 15E.209 who are engaging in Iowa agricultural industry ventures limited to establishing a business structure in which agricultural producers produce agricultural commodities for processing and marketing as agricultural processed products.
2. The requirements of this section shall be memorialized in the corporation’s articles of incorporation.
98 Acts, ch 1207, §6; 99 Acts, ch 66, §1
Referred to in §15E.208
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.206 - Formation of an Iowa agricultural industry finance corporation.

15E.206 Formation of an Iowa agricultural industry finance corporation.
1. This section authorizes the formation of Iowa agricultural industry finance corporations in order to perfect the manner in which such corporations are formed and operate. Such a corporation is a private business corporation and not a public corporation or instrumentality of the state. The corporation shall not enjoy any of the privileges nor be required to comply with any of the requirements of a state agency.
2. In facilitating the formation of an Iowa agricultural industry finance corporation, the following persons shall serve as incorporators as provided in section 490.201:
a. A member of the economic development authority chosen by the members of the authority or a designee of the member.
b. The director of the economic development authority, or a designee of the director.
c. The secretary of agriculture or a designee of the secretary.
3. a. After incorporation, such a corporation shall be organized by an initial board of directors as provided in chapter 490, subchapter II. The initial board of directors shall be elected by the members of an appointment committee. The members of the appointment committee shall be appointed by the economic development authority. The initial board of directors shall consist of seven members. The members of the appointment committee shall include persons who have an expertise in areas of banking, agricultural lending, business development, agricultural production and processing, seed and venture capital investment, and other areas of expertise as deemed appropriate by the interim board of directors.
b. The members of the appointment committee shall exercise due care to assure that persons appointed to the initial board of directors have the requisite financial experience necessary in order to carry out the duties of the corporation as established in this subchapter, including in areas related to agricultural lending, commercial banking, and investment management.
c. Upon the election of the initial board of directors, the terms of the members of the appointment committee shall expire.
d. The authority shall assist the incorporators and the appointment committee in any manner determined necessary and appropriate by the economic development authority and the director of the authority in order to administer this section.
98 Acts, ch 1207, §7; 2011 Acts, ch 118, §63, 64, 84, 85, 89; 2017 Acts, ch 54, §76; 2019 Acts, ch 24, §104
Referred to in §15E.205
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.207 - Iowa agricultural industry finance corporations — guiding principles.

15E.207 Iowa agricultural industry finance corporations — guiding principles.
In carrying out its duties and exercising its powers under this subchapter, an Iowa agricultural industry finance corporation shall be guided by the following principles:
1. a. The corporation must exercise diligence and care in the selection of persons and projects to receive financing as provided in section 15E.209. The corporation must apply customary and acceptable business and lending standards and practices in selecting persons and projects designated for financing and managing agreements under which financing is provided.
b. In selecting projects to receive financing, it is the intent of the general assembly that the corporation seek projects with wage, benefit, and work safety plans which improve the quality of employment in the state and which would not displace employees of existing Iowa agricultural industry ventures.
2. Except as otherwise provided in this section, the corporation shall not become an owner of real or depreciable property, including agricultural land, as provided in section 9H.4. However, this subsection shall not preclude the corporation from holding an interest in real or depreciable property if any of the following apply:
a. The corporation holds nonagricultural property for purposes of carrying out the management of its corporate affairs, including office space, furniture, and supplies.
b. The corporation holds an interest in real or depreciable property on a temporary basis, and any of the following apply:
(1) The interest is a bona fide encumbrance taken for purposes of security in connection with providing financing under section 15E.209.
(2) The interest is acquired by operation of law, including by any of the following:
(a) Devise or bequest.
(b) Court order.
(c) Dissolution under chapter 490, subchapter XIV.
(d) Order in bankruptcy.
(e) Pursuant to a proceeding to enforce a debt against real property under chapter 654, to forfeit a contract to purchase real property under chapter 656, to enforce a secured interest in real or depreciable property under chapter 554, or to otherwise garnish, levy on, execute on, seize, or attach real or depreciable property in the collection of debts, or by any procedure for the enforcement of a lien or claim.
(3) The interest is acquired in order to facilitate a transfer between persons pursuant to a transaction authorized under this subchapter.
98 Acts, ch 1207, §8; 2008 Acts, ch 1032, §201; 2017 Acts, ch 54, §76; 2019 Acts, ch 24, §104
Referred to in §15E.208, 16.79
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.210 - Obligations.

15E.210 Obligations.
The obligations of the corporation are not obligations of this state or any political subdivision of this state within the meaning of any constitutional or statutory debt limitations, but are obligations of the corporation payable solely and only from the corporation’s funds. The corporation shall not pledge the credit or taxing power of this state or any political subdivision of this state or make its debts payable out of any moneys except for those of the corporation.
98 Acts, ch 1207, §11
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.211 - Rules.

15E.211 Rules.
The authority may adopt rules pursuant to chapter 17A necessary to administer this subchapter.
98 Acts, ch 1207, §12; 2011 Acts, ch 118, §87, 89; 2017 Acts, ch 54, §76
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.231 - Economic development regions.

15E.231 Economic development regions.
In order for an economic development region to receive assistance pursuant to section 15.335B, an economic development region’s regional development plan must be approved by the authority. An economic development region shall consist of three or more contiguous counties or two or more contiguous counties and one or more public or private, nonprofit entities that have entered into an agreement to pursue mutual economic development goals with a regional focus. An economic development region shall establish a focused economic development effort that shall include a regional development plan relating to one or more of the following areas:
1. Regional marketing strategies.
2. Development of the information solutions sector.
3. Development of the advanced manufacturing sector.
4. Development of the life sciences and biotechnology sector.
5. Development of the insurance or financial services sector.
6. Physical infrastructure including, but not limited to, horizontal infrastructure, water and sewer infrastructure, and telecommunications infrastructure.
7. Entrepreneurship.
8. Development of the alternative and renewable energy sector.
2005 Acts, ch 150, §9; 2006 Acts, ch 1142, §18; 2009 Acts, ch 123, §27; 2010 Acts, ch 1138, §10, 16; 2011 Acts, ch 118, §86, 87, 89; 2012 Acts, ch 1126, §18; 2014 Acts, ch 1124, §28, 29
Allocation of funds for regional financial assistance, see §15.335B(2)(a)(2)
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.233 - Economic enterprise areas.

15E.233 Economic enterprise areas.
1. An economic development region may apply to the authority for approval to be designated as an economic enterprise area based on criteria provided in subsection 3. The authority shall approve no more than ten regions as economic enterprise areas.
2. a. An approved economic enterprise area may apply to the authority for financial assistance from a fund established pursuant to section 15.335B for up to seventy-five thousand dollars each fiscal year during the fiscal period beginning July 1, 2005, and ending June 30, 2015, for any of the following purposes:
(1) Economic development-related strategic planning and marketing for the region as a whole.
(2) Economic development of fully-served business sites.
(3) The construction of speculative buildings on a fully served lot.
(4) The rehabilitation of an existing building to marketable standards.
b. In order to receive financial assistance under this subsection, an economic enterprise area must demonstrate the ability to provide local matching moneys on a basis of a one dollar contribution of local moneys for every three dollars received from a fund established pursuant to section 15.335B.
3. An economic enterprise area shall consist of at least one county containing no city with a population of more than twenty-three thousand five hundred and shall meet at least three of the following criteria:
a. A per capita income of eighty percent or less than the national average.
b. A household median income of eighty percent or less than the national average.
c. Twenty-five percent or more of the population of the economic enterprise area with an income level of one hundred fifty percent or less of the United States poverty level as defined by the most recently revised poverty income guidelines published by the United States department of health and human services.
d. A population density in the economic enterprise area of less than ten people per square mile.
e. A loss of population as shown by the 2000 certified federal census when compared with the 1990 certified federal census.
f. An unemployment rate greater than the national rate of unemployment.
g. More than twenty percent of the population of the economic enterprise area consisting of people over the age of sixty-five.
2005 Acts, ch 150, §11; 2011 Acts, ch 118, §86, 87, 89; 2013 Acts, ch 90, §12, 13
Referred to in §15E.232
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.301 - Short title.

15E.301 Short title.
This subchapter shall be known as and may be cited as the “Endow Iowa Program Act”.
2003 Acts, 1st Ex, ch 1, §88, 93
[2003 enactment of section rescinded pursuant to Rants v. Vilsack, 684 N.W.2d 193]
2004 Acts, 1st Ex, ch 1001, §3, 4; 2017 Acts, ch 54, §76
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.302 - Purpose.

15E.302 Purpose.
The purpose of this subchapter is to enhance the quality of life for citizens of this state through increased philanthropic activity by providing capital to new and existing citizen groups of this state organized to establish endowment funds that will address community needs. The purpose of this subchapter is also to encourage individuals, businesses, and organizations to invest in community foundations.
2003 Acts, 1st Ex, ch 1, §89, 93
[2003 enactment of section rescinded pursuant to Rants v. Vilsack, 684 N.W.2d 193]
2004 Acts, 1st Ex, ch 1001, §3, 4; 2017 Acts, ch 54, §76
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.303 - Definitions.

15E.303 Definitions.
As used in this subchapter, unless the context otherwise requires:
1. “Board” means the governing board of the lead philanthropic entity identified by the authority pursuant to section 15E.304.
2. “Business” means a business operating within the state and includes individuals operating a sole proprietorship or having rental, royalty, or farm income in this state and includes a consortium of businesses.
3. “Community affiliate organization” means a group of five or more community leaders or advocates organized for the purpose of increasing philanthropic activity in an identified community or geographic area in this state with the intention of establishing a community affiliate endowment fund.
4. “Endow Iowa qualified community foundation” means a community foundation organized or operating in this state that attains the national standards established by the national council on foundations as determined by the authority in collaboration with the Iowa council of foundations.
5. “Endowment gift” means an irrevocable contribution to a permanent endowment held by an endow Iowa qualified community foundation.
6. “Lead philanthropic entity” means the entity identified by the authority pursuant to section 15E.304.
2003 Acts, 1st Ex, ch 1, §90, 93
[2003 enactment of section rescinded pursuant to Rants v. Vilsack, 684 N.W.2d 193]
2004 Acts, 1st Ex, ch 1001, §3, 4; 2005 Acts, ch 150, §71, 81; 2011 Acts, ch 118, §87, 89; 2014 Acts, ch 1124, §27; 2017 Acts, ch 54, §76
Referred to in §15E.311, 22.7(52)(a)
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.304 - Endow Iowa grants.

15E.304 Endow Iowa grants.
1. The authority shall identify a lead philanthropic entity for purposes of encouraging the development of qualified community foundations in this state. A lead philanthropic entity shall meet all of the following qualifications:
a. The entity shall be a nonprofit entity which is exempt from federal income taxation pursuant to section 501(c)(3) of the Internal Revenue Code.
b. The entity shall be a statewide organization with membership consisting of organizations, such as community, corporate, and private foundations, whose principal function is the making of grants within the state of Iowa.
c. The entity shall have a minimum of forty members and that membership shall include qualified community foundations.
2. A lead philanthropic entity may receive a grant from the authority. The board shall use the grant moneys to award endow Iowa grants to new and existing qualified community foundations and to community affiliate organizations that do all of the following:
a. Provide the board with all information required by the board.
b. Demonstrate a dollar-for-dollar funding match in a form approved by the board.
c. Identify an endow Iowa qualified community foundation to hold all funds. An endow Iowa qualified community foundation shall not be required to meet this requirement.
d. Provide a plan to the board demonstrating the method for distributing grant moneys received from the board to organizations within the community or geographic area as defined by the endow Iowa qualified community foundation or the community affiliate organization.
3. Endow Iowa grants awarded to new and existing endow Iowa qualified community foundations and to community affiliate organizations shall not exceed twenty-five thousand dollars per foundation or organization unless a foundation or organization demonstrates a multiple county or regional approach. Endow Iowa grants may be awarded on an annual basis with not more than three grants going to one county in a fiscal year.
4. In ranking applications for grants, the board shall consider a variety of factors including the following:
a. The demonstrated need for financial assistance.
b. The potential for future philanthropic activity in the area represented by or being considered for assistance.
c. The proportion of the funding match being provided.
d. For community affiliate organizations, the demonstrated need for the creation of a community affiliate endowment fund in the applicant’s geographic area.
e. The identification of community needs and the manner in which additional funding will address those needs.
f. The geographic diversity of awards.
5. Of any moneys received by a lead philanthropic entity from the state, not more than five percent of such moneys shall be used by the entity for administrative purposes.
2003 Acts, 1st Ex, ch 1, §91, 93
[2003 enactment of section rescinded pursuant to Rants v. Vilsack, 684 N.W.2d 193]
2004 Acts, 1st Ex, ch 1001, §3, 4; 2005 Acts, ch 150, §72, 73, 81; 2011 Acts, ch 118, §87, 89
Referred to in §15E.303, 15E.311
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.321 - Regional sports authority districts.

15E.321 Regional sports authority districts.
1. As used in this section, “district” means a regional sports authority district certified under this section.
2. a. A convention and visitors bureau may apply to the authority for certification of a regional sports authority district which may include more than one city and more than one convention and visitors bureau within the district. The authority shall not certify more than ten such districts.
b. If more than ten applications are received in any certification year, the authority shall certify the districts on a competitive basis. In evaluating the applications for certification, the authority shall consider the economic impact to the state of the activities proposed in the application, the geographic diversity of the districts applying, and any other factors the authority deems relevant.
3. Each district shall actively promote youth sports, high school athletic activities, the special olympics, and other nonprofessional sporting events in the local area.
4. Each district may apply for and receive financial assistance under the sports tourism program established by the authority pursuant to section 15F.401.
5. Each district shall be governed by a seven-member board consisting of seven members appointed by the convention and visitors bureau filing the application pursuant to subsection 2. At least three members of the board shall consist of city council members of any cities located in the district. Each board shall be responsible for administering programs designed to promote the activities enumerated in subsection 3.
2007 Acts, ch 219, §32; 2011 Acts, ch 118, §87, 89; 2012 Acts, ch 1018, §8; 2016 Acts, ch 1115, §16
Referred to in §15F.401
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.361 - Small business disaster recovery financial assistance program.

15E.361 Small business disaster recovery financial assistance program.
1. The authority shall establish and administer a small business disaster recovery financial assistance program. Under the program, the authority shall provide grants to administrative entities for purposes of providing financial assistance to eligible businesses that sustained physical damage or economic loss due to a natural disaster occurring after May 24, 2008, and before August 14, 2008. Moneys shall be allocated to administrative entities on the basis of the percentage of disaster loans awarded by the United States small business administration to businesses located within a city’s jurisdiction or a disaster recovery area as defined by the authority.
2. An eligible business is a business that sustained physical damage or economic loss due to a natural disaster occurring after May 24, 2008, and before August 14, 2008, and has executed loan documents for a disaster loan from an eligible lender as defined by the authority. Financial assistance shall be in the form of forgivable loans and reimbursement for acquisition of energy-efficient equipment. The maximum amount of a forgivable loan is twenty-five percent of the loan amount from the eligible lender up to a maximum of fifty thousand dollars. Up to an additional five thousand dollars of assistance shall be available for the reimbursement of energy-efficient purchases and installation.
3. As determined by the authority, unused or unobligated moneys may be reclaimed and reallocated by the authority to other administrative agencies.
4. For purposes of this section, “administrative entity” means cities identified by the authority that administer local disaster recovery programs and councils of government.
2009 Acts, ch 170, §1, 11; 2011 Acts, ch 118, §87, 89
2023 Iowa Code › Title I - STATE SOVEREIGNTY AND MANAGEMENT › Chapter 15E - DEVELOPMENT ACTIVITIES › Section 15E.363 - Entrepreneur investment awards program fund.

15E.363 Entrepreneur investment awards program fund.
1. An entrepreneur investment awards program fund is created in the state treasury under the control of the authority and consisting of any moneys appropriated by the general assembly and any other moneys available to and obtained or accepted by the authority for placement in the fund.
2. Payments of interest, repayments of moneys provided, and recaptures of moneys provided shall be deposited in the fund.
3. Moneys credited to the fund are appropriated to the authority and shall be used to provide financial assistance under the program.
4. Moneys in the fund are not subject to section 8.33. Notwithstanding section 12C.7, interest or earnings on moneys in the fund shall be credited to the fund.
2012 Acts, ch 1126, §22; 2015 Acts, ch 138, §84, 161, 162
Referred to in §15.335B, 15E.362