Bill Text: IA SF393 | 2015-2016 | 86th General Assembly | Introduced
Bill Title: A bill for an act creating the invasive forest pests revolving loan program and fund and including appropriations. (Formerly SSB 1207.)
Spectrum: Committee Bill
Status: (Introduced - Dead) 2015-03-12 - Subcommittee, Wilhelm, Dvorsky, and Rozenboom. S.J. 591. [SF393 Detail]
Download: Iowa-2015-SF393-Introduced.html
Senate File 393 - Introduced SENATE FILE BY COMMITTEE ON NATURAL RESOURCES AND ENVIRONMENT (SUCCESSOR TO SSB 1207) A BILL FOR 1 An Act creating the invasive forest pests revolving loan 2 program and fund and including appropriations. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 2409SV (2) 86 av/nh PAG LIN 1 1 PART 10 1 2 INVASIVE FOREST PESTS REVOLVING LOAN PROGRAM 1 3 Section 1. NEW SECTION. 16.222 Invasive forest pests 1 4 revolving loan program == fund. 1 5 1. For purposes of this section, unless the context 1 6 otherwise requires: 1 7 a. "Department" means the department of natural resources. 1 8 b. "Political subdivision" means a city, county, township, 1 9 or school district. 1 10 c. "Treatment" means the administration, by environmentally 1 11 sensitive processes and methods, of products and materials 1 12 proven by academic research to protect trees from invasive 1 13 forest pests in order to prevent or reverse damage to trees 1 14 from invasive forest pests on public land in political 1 15 subdivisions and prevent the death of the trees. 1 16 2. The authority, in cooperation with the department, shall 1 17 establish and administer an invasive forest pests revolving 1 18 loan program. Assistance under the program shall consist of 1 19 low=interest or no=interest loans and shall be used for the 1 20 purpose of treatment of standing trees, development of invasive 1 21 forest pests forestry management plans, and assistance in 1 22 efforts to manage invasive forest pests for trees located on 1 23 public land in political subdivisions. 1 24 3. A political subdivision may apply for assistance 1 25 under the program. The authority, in cooperation with the 1 26 department, shall adopt rules to administer the program, 1 27 including procedures for prioritizing applications from 1 28 political subdivisions that apply for the loans. 1 29 4. An invasive forest pests revolving loan fund is created 1 30 in the state treasury under the control of the authority, in 1 31 cooperation with the department, and consisting of moneys 1 32 appropriated by the general assembly and any other moneys 1 33 available to and obtained or accepted by the authority or the 1 34 department for placement in the fund. 1 35 5. Repayment of moneys loaned and recaptures of loans shall 2 1 be deposited in the fund. 2 2 6. Moneys in the fund are appropriated to the authority, in 2 3 cooperation with the department, to provide assistance under 2 4 the invasive forest pests revolving loan program established in 2 5 this section. 2 6 7. Not more than three percent of the moneys in the invasive 2 7 forest pests revolving loan fund in a fiscal year may be used 2 8 by the authority and the department to establish and administer 2 9 the invasive forest pests revolving loan program. 2 10 8. Notwithstanding section 8.33, moneys in the fund 2 11 that remain unencumbered or unobligated at the close of a 2 12 fiscal year shall not revert but shall remain available for 2 13 expenditure for the purposes designated until the close of 2 14 the succeeding fiscal year. Notwithstanding section 12C.7, 2 15 interest or earnings on moneys in the fund shall be credited 2 16 to the fund. 2 17 Sec. 2. INVASIVE FOREST PESTS REVOLVING LOAN FUND == 2 18 APPROPRIATION. There is appropriated from the general fund 2 19 of the state to the invasive forest pests revolving loan fund 2 20 established in section 16.222, as enacted in this Act, for the 2 21 fiscal year beginning July 1, 2015, and ending June 30, 2016, 2 22 the following amount, or so much thereof as is necessary, to be 2 23 used for the establishment and administration of the invasive 2 24 forest pests revolving loan program established pursuant to 2 25 this Act: 2 26 .................................................. $ 3,000,000 2 27 EXPLANATION 2 28 The inclusion of this explanation does not constitute agreement with 2 29 the explanation's substance by the members of the general assembly. 2 30 This bill creates the invasive forest pests revolving loan 2 31 program and fund and appropriates moneys to the fund. 2 32 The bill requires the Iowa finance authority (authority), 2 33 in cooperation with the department of natural resources 2 34 (department), to establish and administer an invasive forest 2 35 pests revolving loan program to provide low=interest or 3 1 no=interest loans to political subdivisions to be used for the 3 2 purpose of treatment of standing trees, developing invasive 3 3 forest pests forestry management plans, and assistance in 3 4 efforts to manage invasive forest pests for trees located 3 5 on public land in political subdivisions. For purposes 3 6 of the program, "treatment" means the administration, by 3 7 environmentally sensitive processes and methods, of products 3 8 and materials proven by academic research to protect trees from 3 9 invasive forest pests in order to prevent or reverse damage to 3 10 trees from invasive forest pests on public land in political 3 11 subdivisions and prevent the death of the trees. 3 12 A political subdivision may apply for assistance under the 3 13 program. The authority, in cooperation with the department, is 3 14 directed to adopt rules to administer the program, including 3 15 procedures for prioritizing applications for the loans. 3 16 The bill also creates an invasive forest pests revolving 3 17 loan fund in the state treasury under the control of the 3 18 authority, in cooperation with the department. The fund 3 19 consists of moneys appropriated by the general assembly as 3 20 well as any other moneys available to and obtained or accepted 3 21 by the authority or department for placement in the fund. 3 22 Repayment of moneys loaned and recaptures of loans are to be 3 23 deposited in the fund. Not more than 3 percent of the moneys 3 24 in the fund in a fiscal year may be used by the authority and 3 25 the department to establish and administer the invasive forest 3 26 pests revolving loan program. Moneys appropriated to the fund 3 27 that are unencumbered or unobligated at the close of the fiscal 3 28 year remain in the fund for the designated purposes until the 3 29 close of the succeeding fiscal year and interest or earnings on 3 30 moneys in the fund are credited to the fund. 3 31 The bill also contains an appropriation of $3 million from 3 32 the general fund to the invasive forest pests revolving loan 3 33 fund for FY 2015=2016 to establish and administer the invasive 3 34 forest pests revolving loan program. LSB 2409SV (2) 86 av/nh
