This bill appropriates funds from the Rebuild Iowa Infrastructure Fund and the Technology Reinvestment Fund for various state projects and initiatives for the fiscal years 2025-2026. Key allocations include $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. The bill eliminates the sports tourism marketing program and fund, redirecting resources to other areas, and introduces the Iowa major events and tourism program, which aims to provide financial assistance to eligible entities supporting significant events in Iowa. It also modifies the reversion rules for unencumbered or unobligated moneys, extending the period before such funds revert to the state treasury from three years to four years in certain cases.

Additionally, the bill outlines specific funding for technology upgrades across various departments, including $1 million for camera system upgrades in the Department of Corrections and $5.375 million for an enterprise management system in the Economic Development Authority. It amends existing laws related to the sports tourism program by repealing the sports tourism marketing program while retaining the sports tourism infrastructure program. The bill specifies that applicants for financial assistance cannot receive more than fifty percent of the total project cost from the fund and grants the board discretion to approve or modify applications. Overall, the bill aims to enhance funding for technology and tourism initiatives while streamlining the management of appropriated funds.

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