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IA SF621
Bill
Status
4/9/2025
Primary Sponsor
Carrie Koelker
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AI Summary
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Establishes the Iowa Major Events and Tourism Program to provide grants to Iowa nonprofit organizations for hosting tourism-oriented athletic contests, conventions, music festivals, or art festivals that generate significant attendance, publicity, and economic impact
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Creates the Iowa Major Events and Tourism Fund with a $15 million appropriation from the sports wagering receipts fund for FY 2025-2026, with funds remaining available for two years and disbursements required within five years of obligation
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Requires applicants to provide matching funds equal to at least 50% of the financial assistance awarded and submit an economic analysis including projected hotel occupancies and attendee numbers from in-state, out-of-state, and international sources
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Repeals the sports tourism marketing program and fund, transferring remaining moneys to the new Iowa Major Events and Tourism Fund while retaining the separate sports tourism infrastructure program
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Prohibits entities receiving financial assistance under the new program from also receiving assistance under the sports tourism infrastructure program
Legislative Description
A bill for an act relating to economic development by establishing the Iowa major events and tourism program and fund, modifying the sports tourism and marketing infrastructure program, and making appropriations.(See SF 640.)
Last Action
Committee report approving bill, renumbered as SF 640. S.J. 881.
4/23/2025