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IA HF608

A bill for an act making an appropriation to the Iowa small business relief program, and including effective date provisions.


summary

Introduced
02/18/2021
In Committee
02/18/2021
Crossed Over
Passed
Dead
05/24/2022

Introduced Session

89th General Assembly

Bill Summary

A bill for an act making an appropriation to the Iowa small business relief program, and including effective date provisions.

AI Summary

This bill appropriates $100,000,000 from the general fund of the state of Iowa to the Economic Development Authority for the Iowa Small Business Relief Program during the fiscal year beginning July 1, 2020 and ending June 30, 2021. The bill expands the eligibility for grants under the program to include sole proprietors with no employees and businesses that employed up to 50 individuals prior to March 17, 2020. The bill also provides that any unencumbered or unobligated funds at the end of the fiscal year will remain available for expenditure until the close of the succeeding fiscal year. Additionally, the bill takes effect immediately upon enactment.

Committee Categories

Budget and Finance

Sponsors (34)

Last Action

Introduced, referred to Appropriations. H.J. 484. (on 02/18/2021)

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