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

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-Amended.html
House File 2644 - Reprinted HOUSE FILE 2644 BY COMMITTEE ON APPROPRIATIONS (SUCCESSOR TO HF 2493) (As Amended and Passed by the House April 9, 2024 ) 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 HF 2644 (4) 90 cm/ns/md
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 is eligible to apply for a grant under the student 10 grant program to be used for the purchase of court reporter 11 equipment and software for the court reporter training at the 12 school. 13 3. a. A person is eligible to apply for a loan under the 14 graduate forgivable loan program if the person meets all of the 15 following requirements: 16 (1) The person is a newly licensed court reporter within one 17 year of graduation from a court reporter training program. 18 (2) The person is a resident of Iowa. 19 (3) The person agrees to work as a court reporter for five 20 years after the date of the loan. 21 b. After five years from the date of the loan, if eligible 22 under paragraph “a” , the loan is forgiven. If the loan is 23 not forgiven, the authority shall establish a loan repayment 24 schedule for repayment of the loan within five years. A 25 loan not forgiven and defaulted on shall be referred to the 26 department of revenue for collections. 27 c. A loan granted under this subsection shall be used to 28 purchase court reporter equipment and software. 29 4. Applicants to the court reporter equipment incentive 30 program who are doing court-related work shall receive priority 31 over applicants who are not. 32 5. Available moneys shall be divided equally among all 33 applicants during a fiscal year. 34 Sec. 2. NEW SECTION . 15.486 Court reporter equipment 35 -1- HF 2644 (4) 90 cm/ns/md 1/ 2
H.F. 2644 incentive fund. 1 1. A court reporter equipment incentive fund is created 2 in the state treasury under the control of the authority and 3 shall consist of moneys appropriated to the fund by the general 4 assembly and any other moneys available to and obtained or 5 accepted by the authority for placement in the fund. 6 2. The following accounts are created within the court 7 reporter equipment incentive fund: 8 a. A student grant account, which is appropriated to the 9 authority to support the student grant program created in 10 section 15.485. 11 b. A graduate forgivable loan account, which is appropriated 12 to the authority to support the graduate forgivable loan 13 program created in section 15.485. 14 3. Notwithstanding section 12C.7, subsection 2, interest or 15 earnings on moneys in the fund shall be credited to the fund. 16 Notwithstanding section 8.33, moneys in the fund that remain 17 unencumbered or unobligated at the close of a fiscal year shall 18 not revert but shall remain available for expenditure for the 19 purposes designated. For moneys deposited in the fund but not 20 to a particular account, the authority shall split available 21 moneys among the accounts based on need and to maximize the 22 impact of available moneys, as determined by the authority. 23 Sec. 3. APPROPRIATION —— COURT REPORTER EQUIPMENT 24 PROGRAM. There is appropriated from the general fund of the 25 state to the economic development authority for the fiscal year 26 beginning July 1, 2024, and ending June 30, 2025, the following 27 amount, or so much thereof as is necessary, to be used for the 28 purposes designated: 29 For deposit in the court reporter equipment incentive fund 30 created in section 15.486, as enacted by this Act: 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 100,000 32 -2- HF 2644 (4) 90 cm/ns/md 2/ 2
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