Bill > SSB1236

Introduced Session

This bill relates to and makes appropriations for the economic development of the state. DIVISION I —— FY 2025-2026 APPROPRIATIONS. The bill appropriates moneys for FY 2025-2026 from the general fund of the state to the economic development authority (IEDA), Iowa finance authority (IFA), department of workforce development (IWD), Iowa state university of science and technology (ISU), state university of Iowa, and university of northern Iowa. The bill appropriates moneys for FY 2025-2026 from the Iowa skilled worker and job creation fund to IEDA, IWD, and the state board of regents and institutions under the control of the board. For FY 2025-2026, the bill limits standing appropriations S.F. _____ for the world food prize and tourism marketing. The bill transfers certain moneys collected by the insurance division in excess of the anticipated gross revenues under Code section 505.7 to IEDA. The bill also appropriates moneys for FY 2025-2026 from the special employment security contingency fund to IWD. The auditor of state is requested to review the audit of IFA performed by the auditor hired by IFA. The bill requires IEDA, the vocational rehabilitation services division of IWD, the state board of regents, and ISU to submit various reports to the general assembly. DIVISION II —— GAMBLING GAMES AND SPORTS WAGERING TAXES. Under current law, the standing appropriation to IEDA from the tax on adjusted gross receipts from gambling games is $520,000. Under the bill, the standing appropriation to IEDA from the tax on adjusted gross receipts from gambling games is $448,403.

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Other Sponsors (1)

Committee report approving bill, renumbered as SF 645. (on 04/30/2025)

Official Document