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Bill > HF1040
IA HF1040
IA HF1040A bill for an act relating to and making appropriations for the economic development of the state, including to the economic development authority, Iowa finance authority, department of workforce development, and state board of regents and certain regents institutions, and eliminating the repeal of the housing renewal pilot program.(Formerly HSB 336.)
summary
Introduced
05/05/2025
05/05/2025
In Committee
Crossed Over
Passed
Dead
05/03/2026
05/03/2026
Introduced Session
91st General Assembly
Bill Summary
DIVISION I —— FY 2025-2026 APPROPRIATIONS. This 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, the state board of regents and institutions under the control of the board, and IWD. For FY 2025-2026, the bill limits standing appropriations to IEDA 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, the state board of regents, and ISU to submit various reports to the general assembly. DIVISION II —— FY 2025-2026 CONTINGENT APPROPRIATION. For FY 2025-2026, the bill appropriates moneys from the grow Iowa values fund to IEDA for deposit in the grocer reinvestment and local food processing fund, if enacted by the general assembly. DIVISION III —— HOUSING RENEWAL PILOT PROGRAM. Under current law, the housing renewal pilot program is repealed July 1, 2025. The bill strikes the repeal date and continues the housing renewal pilot program. DIVISION IV —— GAMBLING GAMES TAX RECEIPTS APPROPRIATION. The bill decreases the standing appropriation to IEDA from the tax on adjusted gross receipts from gambling games.
AI Summary
This bill appropriates funds for economic development initiatives in Iowa for the fiscal year beginning July 1, 2025, and ending June 30, 2026, totaling over $50 million from various state funds.
* **Economic Development Authority (IEDA):**
* $12,999,646 from the General Fund for general operations, business and community development, tourism, and strategic infrastructure projects.
* $650,000 from the General Fund for the World Food Prize.
* $350,000 from the General Fund for assistance to Iowa's councils of governments.
* $1,016,783 from the General Fund for tourism promotion and advertising.
* $1,779,321 from the General Fund for cultural affairs activities, including $300,000 for the film office.
* $100,000 from excess insurance division revenues for insurance economic development.
* $11,700,000 from the Iowa Skilled Worker and Job Creation Fund for the high-quality jobs program, including $1,000,000 for main street community infrastructure grants.
* $2,016,675 from the Iowa Skilled Worker and Job Creation Fund for the manufacturing 4.0 technology investment program.
* $700,000 from the Iowa Skilled Worker and Job Creation Fund for the empower rural Iowa program.
* $1,250,000 from the Grow Iowa Values Fund for the grocer reinvestment and local food processing fund, contingent on enactment of related legislation.
* The bill also limits the standing appropriation for tourism marketing from gambling game tax receipts to $1,443,700.
* **Iowa Finance Authority (IFA):**
* $873,000 from the General Fund for the rent subsidy program, with $35,000 for administrative costs.
* $550,000 from the General Fund for the housing renewal pilot program. The bill also removes the repeal date for this program, extending it indefinitely.
* **Department of Workforce Development (IWD):**
* $6,902,636 from the General Fund for workforce development operations and the workforce development board.
* $393,424 from the General Fund for an offender reentry program.
* $228,822 from the General Fund for services related to the integrated information for Iowa system.
* $127,314 from the General Fund for workplace injury and safety surveys.
* $250,000 from the General Fund for a summer youth intern pilot program.
* $6,308,429 from the General Fund for the Vocational Rehabilitation Services Division for job placement and support services for individuals with disabilities.
* $84,804 from the General Fund for matching funds for programs enabling persons with disabilities to function independently.
* $143,297 from the General Fund for the entrepreneurs with disabilities program.
* $86,547 from the General Fund for costs associated with centers for independent living.
* $500,000 from the General Fund for grants to community colleges for adult basic education and English as a second language programs.
* $760,000 from the General Fund for registered apprenticeship development programs.
* $382,685 from the General Fund for enhancing efforts to investigate employer worker misclassification.
* $4,616,084 from the Special Employment Security Contingency Fund for field office operations.
* $125,000 from the Iowa Skilled Worker and Job Creation Fund for workforce preparation outcome reporting.
* $5,500,000 from the Iowa Skilled Worker and Job Creation Fund for adult education and literacy programs, including grants to community colleges and a transfer to the Department of Health and Human Services for international resource access.
* $633,325 from the Iowa Skilled Worker and Job Creation Fund for STEM internships with Iowa employers.
* **State Board of Regents and Institutions:**
* $3,000,000 from the Iowa Skilled Worker and Job Creation Fund for capacity building in technology commercialization, entrepreneurship, and business growth, allocated among Iowa State University, the University of Iowa, and the University of Northern Iowa.
* $2,424,302 from the Iowa Skilled Worker and Job Creation Fund to Iowa State University for small business development centers, the research park, and the center for industrial research and service.
* $209,279 from the Iowa Skilled Worker and Job Creation Fund to the University of Iowa for its research park and pharmaceuticals.
* $2,000,000 from the Iowa Skilled Worker and Job Creation Fund to the University of Iowa for entrepreneurship and economic growth initiatives.
* $1,466,419 from the Iowa Skilled Worker and Job Creation Fund to the University of Northern Iowa for metal casting and foundry centers, and other business development programs.
* $2,963,995 from the General Fund to Iowa State University for biosciences innovation ecosystem support.
* $1,000,000 from the General Fund to the University of Iowa for biosciences innovation ecosystem support.
* $394,321 from the General Fund to the University of Northern Iowa for equipment and technology to expand additive manufacturing capabilities.
All appropriations for the fiscal year beginning July 1, 2025, generally remain available until the close of the succeeding fiscal year if unencumbered or unobligated. The bill also includes provisions for job creation contracts to require U.S. citizenship or legal work authorization for employees and allows for recapture of assistance if a business knowingly employs unauthorized workers.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Appropriations (House)
Last Action
Explanation of vote. H.J. 1223. (on 06/27/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=HF1040 | 05/05/2025 |
| Fiscal Note/Analysis - NOBA: House Full Approps | https://www.legis.iowa.gov/docs/publications/NOBA/1527157.pdf | 05/07/2025 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/91/attachments/HF1040.html | 05/05/2025 |
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