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Iowa House Bill HF2450
Iowa 2023-2024 Regular Session
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Iowa 2023-2024 Regular Session

Iowa House Bill HF2450

Introduced
2/12/24  

Caption

A bill for an act relating to economic development and energy shortages under the purview of the economic development authority and governor, and providing penalties.(Formerly HSB 622.)

Impact

The bill rescinds various provisions tied to economic development programs, including assistance to local governments and community development plans. This could lead to reduced support for smaller entities needing guidance on managing their economic growth initiatives. Moreover, it simplifies how the economic development authority evaluates applications for financial aid and vendor selection by eliminating previously mandated supplementary credits for community plans, potentially disadvantaging local organizations in the application process.

Summary

House File 2450, enacted to address issues of economic development and energy shortages in Iowa, introduces significant changes to existing authority regulations. The bill outlines the powers of the economic development authority and the governor, granting the latter greater control over managing energy shortages and significantly modifying the authority's mandate to aid economic growth. A notable alteration is the removal of requirements for establishing a federal procurement office and for marketing Iowa products, which could impact local businesses reliant on these initiatives.

Contention

A prominent point of contention surrounds the bill's amendment of existing powers relating to energy management. The governor is provided expansive authority to declare energy shortages and manage state resources without the prior requirement of consultation with the economic development authority. Critics argue this could lead to overreach and ineffective management of energy resources, potentially detrimentally affecting business operations during a shortage. Overall, the bill's impact on local control, particularly in economic planning and emergency measures, has raised concerns regarding the balance of power between state and community leadership.

Latest IA HF2450 Activity

View All Events: IA 2023-2024 Regular Session HF2450

Companion Bills

IA SSB3109

Related A bill for an act relating to economic development and energy shortages under the purview of the economic development authority and governor, and providing penalties.(See SF 2289.)

IA HSB622

Related A bill for an act relating to economic development and energy shortages under the purview of the economic development authority and governor, and providing penalties.(See HF 2450.)

IA SF2289

Similar To A bill for an act relating to economic development and energy shortages under the purview of the economic development authority and governor, and providing penalties. (Formerly SSB 3109.) Effective date: 07/01/2024.

Previously Filed As

IA SF2485

A bill for an act relating to and making appropriations for the economic development of the state, including to the economic development authority, Iowa finance authority, department of workforce development, and state board of regents and certain regents institutions.(Formerly SSB 3188.)

IA HF2772

A bill for an act relating to and making appropriations for the economic development of the state, including to the economic development authority, Iowa finance authority, department of workforce development, and state board of regents and certain regents institutions, and codifying the housing renewal program. (Formerly HSB 773.) Effective date: 07/01/2026

IA HF1040

A bill for an act relating to and making appropriations for the economic development of the state, including to the economic development authority, Iowa finance authority, department of workforce development, and state board of regents and certain regents institutions, and eliminating the repeal of the housing renewal pilot program.(Formerly HSB 336.)

IA SSB1223

A bill for an act relating to and making appropriations for the economic development of the state, including the economic development authority, Iowa finance authority, department of workforce development, and certain state board of regents institutions.

IA SF645

A bill for an act relating to and making appropriations for the economic development of the state, including to the economic development authority, Iowa finance authority, department of workforce development, and the state board of regents and certain regents institutions, and extending the repeal date for the housing renewal pilot program. (Formerly SSB 1236.) Effective date: 07/01/2025.

IA HB2765

Relating to the Rural Economic Development and Investment Program and the Texas economic development fund.

IA HB1493

Economic development incentives; procedures for certain acts, economic development authorities.

IA SSB1236

A bill for an act relating to and making appropriations for the economic development of the state, including to the economic development authority, Iowa finance authority, department of workforce development, and the state board of regents and certain regents institutions.(See SF 645.)

IA HF1032

A bill for an act creating a grocer reinvestment program, a local produce processing grant program, and a grocer reinvestment and local food processing fund under the purview of the economic development authority, and modifying the local food and farm program. (Formerly HF 550, HF 59.)

IA SSB3188

A bill for an act relating to and making appropriations for the economic development of the state, including to the economic development authority, Iowa finance authority, department of workforce development, and state board of regents and certain regents institutions.(See SF 2485.)

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IA HF182

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IA SSB1080

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