This bill establishes a three-year moratorium on economic development program funding for the four most populous counties in Iowa, starting from July 1, 2025, and ending on June 30, 2028. During this period, the economic development authority will not administer any programs or allocate funds to these counties.

The intent of the bill is to halt all economic development initiatives in the specified counties, which may impact local economic growth and development efforts. The moratorium applies to all programs overseen by the economic development authority, effectively freezing any new funding or program implementation in these areas for the duration of the moratorium.