Adjournment Puts Iowa Values Fund on Tap for Special Session

Shields, Yvette
May 2003
Bond Buyer;5/2/2003, Vol. 344 Issue 31627, p4
Trade Publication
The fate of the proposed 810 million dollar Iowa Values Fund, a bond-financed economic development initiative, awaits a special session after the state Senate decided to adjourn on May 1, 2003 without voting on the program that was approved a day earlier by the House.The delay could set back the state's tentative plans to bring a bond issue for the program to market by Fall 2003, according to budget director Randy Bauer. Governor Tom Vilsack has said he would call a special session to bring lawmakers back to complete work and vote on a plan. The fund was first proposed by Vilsack in his state of the state address earlier in 2003. His version would have provided about 500 million dollars in financial assistance for projects in the areas of education, technology, health care, and the environment aimed at boosting the state's economy.


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