The bill establishes a new requirement for contracts involving projects funded by state moneys or tax credits in Iowa. Specifically, it mandates that such contracts must include a provision stipulating that only products or materials manufactured in the United States should be purchased for the project, whenever feasible. This requirement aims to promote the use of American-made goods in state-funded projects.

Additionally, the bill reinforces existing preferences in current law, which already prioritize the purchase of American-made products and those from Iowa-based businesses when life cycle costs are comparable. Under current regulations, entities receiving state appropriations must first consider Iowa products, followed by U.S.-made products. The new provision enhances these preferences by explicitly requiring the use of U.S.-manufactured products in relevant contracts, thereby further supporting domestic manufacturing and economic interests.