Bill Text: IA HF2644 | 2023-2024 | 90th General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: A bill for an act creating a program and fund for court reporter equipment, and making appropriations. (Formerly HF 2493.) Effective date: 07/01/2024.

Spectrum: Committee Bill

Status: (Passed) 2024-05-17 - Signed by Governor. H.J. 939. [HF2644 Detail]

Download: Iowa-2023-HF2644-Introduced.html
House File 2644 - Introduced HOUSE FILE 2644 BY COMMITTEE ON APPROPRIATIONS (SUCCESSOR TO HF 2493) A BILL FOR An Act creating a program and fund for court reporter 1 equipment, and making appropriations. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 5500HV (3) 90 cm/ns
H.F. 2644 Section 1. NEW SECTION . 15.485 Court reporter equipment 1 incentive program. 2 1. The authority shall establish and administer a court 3 reporter equipment incentive program. The court reporter 4 equipment incentive program shall consist of a student grant 5 program and a graduate forgivable loan program. Financial 6 assistance under the programs shall be provided from the court 7 reporter equipment incentive fund created in section 15.486. 8 2. A person enrolled in a court reporter course at a school 9 in Iowa that demonstrates financial need, as determined by the 10 authority by rule, is eligible to apply for a grant under the 11 student grant program to be used for the purchase of court 12 reporter equipment and software for the court reporter training 13 at the school. 14 3. a. A person is eligible to apply for a loan under the 15 graduate forgivable loan program if the person meets all of the 16 following requirements: 17 (1) The person is a newly licensed court reporter within one 18 year of graduation from a court reporter training program. 19 (2) The person is a resident of Iowa. 20 (3) The person agrees to work as a court reporter for five 21 years after the date of the loan. 22 b. After five years from the date of the loan, if eligible 23 under paragraph “a” , the loan is forgiven. If the loan is 24 not forgiven, the authority shall establish a loan repayment 25 schedule for repayment of the loan within five years. A 26 loan not forgiven and defaulted on shall be referred to the 27 department of revenue for collections. 28 c. A loan granted under this subsection shall be used to 29 purchase court reporter equipment and software. 30 4. Applicants to the court reporter equipment incentive 31 program who are doing court-related work shall receive priority 32 over applicants who are not. 33 5. Available moneys shall be divided equally among all 34 applicants during a fiscal year. 35 -1- LSB 5500HV (3) 90 cm/ns 1/ 3
H.F. 2644 6. The authority shall adopt rules to administer this 1 section. 2 Sec. 2. NEW SECTION . 15.486 Court reporter equipment 3 incentive fund. 4 1. A court reporter equipment incentive fund is created 5 in the state treasury under the control of the authority and 6 shall consist of moneys appropriated to the fund by the general 7 assembly and any other moneys available to and obtained or 8 accepted by the authority for placement in the fund. 9 2. The following accounts are created within the court 10 reporter equipment incentive fund: 11 a. A student grant account, which is appropriated to the 12 authority to support the student grant program created in 13 section 15.485. 14 b. A graduate forgivable loan account, which is appropriated 15 to the authority to support the graduate forgivable loan 16 program created in section 15.485. 17 3. Notwithstanding section 12C.7, subsection 2, interest or 18 earnings on moneys in the fund shall be credited to the fund. 19 Notwithstanding section 8.33, moneys in the fund that remain 20 unencumbered or unobligated at the close of a fiscal year shall 21 not revert but shall remain available for expenditure for the 22 purposes designated. For moneys deposited in the fund but not 23 to a particular account, the authority shall split available 24 moneys among the accounts based on need and to maximize the 25 impact of available moneys, as determined by the authority. 26 Sec. 3. APPROPRIATION —— COURT REPORTER EQUIPMENT 27 PROGRAM. There is appropriated from the general fund of the 28 state to the economic development authority for the fiscal year 29 beginning July 1, 2024, and ending June 30, 2025, the following 30 amount, or so much thereof as is necessary, to be used for the 31 purposes designated: 32 For deposit in the court reporter equipment incentive fund 33 created in section 15.486, as enacted by this Act: 34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 80,000 35 -2- LSB 5500HV (3) 90 cm/ns 2/ 3
H.F. 2644 EXPLANATION 1 The inclusion of this explanation does not constitute agreement with 2 the explanation’s substance by the members of the general assembly. 3 This bill creates a court reporter equipment incentive 4 program and associated fund under the control of the Iowa 5 economic development authority. The bill provides that the 6 court reporter equipment incentive program is comprised of two 7 programs, the student grant program and the graduate forgivable 8 loan program. A person is eligible to apply for a grant from 9 the student grant program to purchase court reporter equipment 10 and software if the person is enrolled in a court reporter 11 course at a school in Iowa and demonstrates financial need. 12 A person is eligible to apply for a loan under the graduate 13 forgivable loan program to purchase court reporter equipment 14 and software if the person is newly licensed within one year 15 of graduation from a court reporter program, is a resident of 16 Iowa, and agrees to work as a court reporter for five years 17 after the date of the loan. The bill provides repayment 18 requirements for the graduate forgivable loan program. The 19 bill provides that applicants to the court reporter equipment 20 incentive program who are doing court-related work shall 21 receive priority over applicants who are not. 22 The bill appropriates $80,000 from the general fund for 23 FY 2024-2025 to the court reporter equipment incentive fund. 24 -3- LSB 5500HV (3) 90 cm/ns 3/ 3
feedback