The bill proposes significant appropriations from the Rebuild Iowa Infrastructure Fund and the Technology Reinvestment Fund for the fiscal years 2025-2026, with key allocations including $1.5 million for the demolition of a fleet building, $8.2 million for the water quality initiative fund, and $15 million for the newly established Iowa Major Events and Tourism Fund. It also outlines funding for infrastructure improvements across various state departments, such as the Department of Natural Resources and the Department of Public Safety. Notably, the bill repeals the existing sports tourism marketing program and fund, redirecting those resources to the new tourism initiatives. Additionally, it modifies the appropriations from the Rebuild Iowa Infrastructure Fund, adjusting the allocation to the Technology Reinvestment Fund from $18,390,290 to $18,147,295 for fiscal year 2026.

The bill introduces the Iowa Major Events and Tourism Program, which aims to provide financial assistance to entities supporting significant events in Iowa, with specific eligibility criteria and a newly created fund that allows for continued expenditure of unencumbered or unobligated moneys until the following fiscal year. It also extends the period for which unencumbered or unobligated funds remain available for expenditure from three to four years after the fiscal year of appropriation. Furthermore, the bill shifts the responsibility for furnishing district court facilities from the state to the counties and grants the funding board discretion in approving applications for financial assistance, while ensuring that such assistance cannot be used for reimbursement of completed projects.

Statutes affected:
Introduced: 8.57, 8.33, 602.1303, 602.11101, 15F.401, 15J.4, 15F.403, 15F.402