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 also eliminates the sports tourism marketing program and fund, while establishing the Iowa major events and tourism program, which aims to provide financial assistance to entities hosting significant events that generate economic impact. It outlines the application process, eligibility criteria, and ensures that funds appropriated for this purpose remain available for expenditure beyond the end of the fiscal year.

Additionally, the bill modifies existing laws related to funding mechanisms, including appropriating $17.5 million from the general fund for fiscal year 2026 and $18,147,295 from the Rebuild Iowa Infrastructure Fund for the same year. It extends the reversion period for unencumbered funds from three to four years for certain appropriations and shifts the responsibility for furnishing district court facilities from the state to counties. The decision-making process for funding applications is also modified, allowing the board to exercise discretion in approving, denying, deferring, or modifying applications. Any remaining funds from the repealed sports tourism marketing program will be transferred to the new Iowa major events and tourism fund.

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