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Code · Iowa · Chapter 15 — Economic Development Authority

15.421 Partner state program.

309 words·~1 min read·/ia/chapter-15-economic-development-authority/15-421

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. a. A partner state program is created which shall be administered by the authority. The purpose of the partner state program is to establish and maintain relationships between the state and foreign countries, provinces, states, regions, oblasts, municipalities, districts, divisions, counties, prefectures, towns, cities, villages, boroughs, and any other similar political subdivisions to facilitate mutually beneficial exchanges, collaboration, and cooperation with regard to agriculture, culture, education, manufacturing, science and technology, sports and recreation, tourism, and the arts.
b. A partner state relationship must be formalized in a partner state agreement approved by the governor.
c. A partner state agreement may be modified or terminated only with the approval of the governor.
2. a. A partner state program fund is created in the state treasury under the control of the authority and consisting of any moneys appropriated to the fund by the general assembly and any other moneys available and obtained or accepted by the authority for placement in the fund. The fund shall be used to administer the partner state program. The authority shall use any moneys specifically appropriated for purposes of this section only for the purposes of this section.
b. Notwithstanding section 12C.7, subsection 2, interest or earnings on moneys in the fund shall accrue to the authority and shall be used for purposes of this section. Notwithstanding section 8.33, moneys in the fund at the end of each fiscal year shall not revert to any other fund but shall remain in the fund for expenditure for subsequent fiscal years.
2023 Acts, ch 19, §2152 – 2154
Referred to in §15.108
Section applies to sister state agreements entered into by the state before April 4, 2023, including those listed in 2023 Acts, ch 19, §2154, and to partner state agreements entered into by the state on or after April 4, 2023; 2023 Acts, ch 19, §2154
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