SF 660 — A bill for an act relating to sports wagering and tourism, making appropriations, and including effective date provisions.

EFFECTIVE DATE,DATE. The following, being deemed of immediate importance, takes effect upon enactment:

The following, being deemed of immediate importance, takes effect upon enactment:

The section of this division of this Act enacting section 8.571,8.57I, subsection 3A.

DDIVISION III VIOWA IMAJOR SEVENTS IAND ITOURISM NPROGRAM IAND OFUND WMSec. A J OE V E NA N T O U R IP R O G RA N F U N D S e c .

99. NEW S E C T I O15G.101 Definitions.

NEW SECTION.

15G.101 Definitions.

^'^Board"“Board” means the same as defined in section 15.102.

“Entity” means an Iowa nonprofit organization established to promote economic development and tourism in an area.

^"^Event""“Event” means a tourism-oriented athletic contest, convention, music festival, or art festival.

^Financial“Financial assistance''assistance” means assistance provided only from the funds, rights, and assets legally available to the authority and includes but is not limited to assistance in the form of grants.

^Fund"“Fund” means the Iowa major events and tourism fund eestablished sin tsection a15G.104. b l iin s e c t i1 5 G .

1 0 4 .

^Program"“Program” means the Iowa major events and tourism program eestablished sin tsection a15G.102. b l ii ns e c t i1 5 G .

1 0 2 .

15G.102 Iowa major events and tourism pprogram r—— opurpose. g — a p u r p o s e .

The authority shall establish and administer the Iowa major events and tourism program to provide financial assistance to eligible entities that support events in this state, or support events involving a geographic region that includes this state, and the event generates large attendance, significant publicity, and has a measurable economic impact on tthis hstate. i s s t a t e .

The program shall be administered for the purpose of Senate PileFile 660, p.

5 awarding financial assistance to an eligible entity for any of the following purposes;purposes:

NEW SECTION,SECTION. 15G.103 Program — application, review, eligibility, and funding.

15G.103 Program —— application, review, eligibility, and funding.

For each application that meets the eligibility criteria under subsection 2, the authority shall conduct a staff evaluation of the application and forward the application and staff eevaluation vto athe lboard. u a t o theb o a r d .

(2) The entity'sentity’s application under subsection 1 must include an economic analysis of the event that includes but is not limited to all of the following:

(a) Projected hotel and motel room occupancies during the eevent. v e n t .

(b) Projected number of event attendees from this state, other sstates, tand aother tcountries. e s ,other c o u n t r i e s .

Notwithstanding paragraph ""a",“a”, an entity shall be deemed eligible for the program if any of the following apply:

(1) After a highly competitive bidding and selection process involving potential sites not located in this state, a location in Iowa has been selected for the entity'sentity’s event.

(2) This state serves as the sole site for the entity'sentity’s eevent. v e n t .

(3) The sole site for the entity'sentity’s event is a geographical region that includes this state and one or more contiguous Senate PileFile 660r660, p.

6 sstates. t a t e s .

The potential impact of the event on the local, regional, and sstate teconomies. a te c o n o m i e s .

The event'sevent’s potential to attract visitors from this state, other states, and other countries.

The amount of positive advertising or media coverage the event may generate,generate. d* The quality, size, and scope of the event.

d.

The quality, size, and scope of the event.

The ratio of public-to-private investment required for tthe hevent. e v e n t .

((1) 1 ) Upon review of the staff evaluation, the board shall make the final funding decision on each application and may approve, deny, defer, or modify each application, in the board'sboard’s discretion, to fund as many events as possible with the moneys available.

The board and the authority may negotiate with an eligible applicant regarding the details of the applicant'sapplicant’s proposed event and the amount and terms of any financial assistance.

bb. .

IIn norder oto rbe dawarded tfinancial obeassistance a w a r d e d f i n a n c i a under sthesthe t a n c e program, an applicant must demonstrate the ability to provide matching funds for the event that equal at least fifty percent oof fthethe aaward wof afinancial rassistance. d o f f i n a n c i a l a s s i s t a n c e .

15G.104 Iowa major events and tourism ffund. u n d .

The authority shall establish an Iowa major events and tourism fund pursuant to section 15.106A, subsection 1, paragraph “o”, for purposes of providing financial assistance as described in this chapter.

7 b,b. (1) Notwithstanding section 8.33, moneys appropriated in this section that remain unencumbered or unobligated at the close of the fiscal year shall not revert but shall remain available for expenditure for the purposes designated until the close of the fiscal year following the succeeding fiscal year.

(2)(1) MoneysNotwithstanding encumberedsection or8.33, obligatedmoneys pursuantappropriated toin financialthis assistance awarded under section 15G.103,that subsectionremain 4,unencumbered shallor beunobligated disbursedat by the authorityclose withinof five calendar years from the datefiscal ofyear encumbranceshall ornot obligation,revert orbut the moneys shall revertremain toavailable thefor stateexpenditure treasuryfor andthe shallpurposes bedesignated crediteduntil to the fundsclose fromof which the appropriationsfiscal wereyear madefollowing asthe providedsucceeding infiscal sectionyear. .

3(2) 3Moneys .encumbered or obligated pursuant to financial assistance awarded under section 15G.103, subsection 4, shall be disbursed by the authority within five calendar years from the date of encumbrance or obligation, or the moneys shall revert to the state treasury and shall be credited to the funds from which the appropriations were made as provided in section 8.33.

Notwithstanding section 12C.7, subsection 2, interest or earnings on moneys deposited in the fund shall be credited to tthe hfund. f u n d .

b*b. An entity that is awarded financial assistance pursuant to this chapter is not eligible to receive financial assistance under the sports tourism infrastructure program pursuant to chapter 15P, subchapter IV.

DAn Ientity Vthat Iis Sawarded Ifinancial Iassistance Ipursuant Sto Pthis Ochapter RTis Onot Ueligible Rto IMreceive Afinancial Rassistance Kunder Ethe Psports Rtourism Oinfrastructure Gprogram Apursuant Nto DFchapter U15F, N—Dsubchapter RIV. E P E A L Sec.

DIVISION III SPORTS TOURISM MARKETING PROGRAM AND FUND —— REPEAL Sec.

Section 15P.401,15F.401, subsection 1, paragraph a.a, Code 2025, is amended to read as follows:

Code 2025, is amended to read as follows:

The authority shall establish, and, at the direction of the board, shall administer a sports tourism marketing and infrastructure program to provide financial assistance -fer-for projoctsprojects that promote sporting events or for infrastructure projects supporting sporting events for organizations of accredited colleges and universities, professional sporting events, and other sporting events in the state.

Section 15F.401, subsection 1, paragraph b.b, Code 2025, is amended by adding the following new subparagraph:

CodeNEW 2025,SUBPARAGRAPH is. amended by adding the following new subparagraph:

NEW(03) SUBPARAGRAPH.“Fund” means the sports tourism Senate File 660, p.

(03) ^Tund" means the sports tourism Senate File 660, p.

-2)-(2) A city or county in the state^state, or a public entity tthat his a tconvention iand svisitors a c o n v e n vioitoraa bureau or a ddistrict i o t r i c t nonprofit organization, may apply to the authority be eligible for financial assistance from the oportosports touriomtourism infraotructureinfrastructure program fund created in section 15F.404 fund for an infrastructure project that actively and directly supports sporting events for accredited colleges and universities, professional sporting events, and other sporting events in the area served by the city, county, or public entity.

However, financial assistance shall not be provided to an applicant a public entity that is a nonprofit organization from the oportosports tourism infrastructure program fund croatodcreated in section 15F.404 fund for infrastructure projects located in a reinvestment district as defined and approved by the authority pursuant to section 15J.4 or to applicants that have received a rebate of sales tax imposed and collected by retailers pursuant to section 423.4, subsection 5.

Section 15F.401, subsection 4, paragraph b.b, Code 2025, is amended to read as follows:

Codeb. 2025, is amended to read as follows:

b» An applicant under the program shall not receive financial assistance from the sports tourism marketing program fund created in section 15F.403 or the sports tourism infrastructure program fund croatodcreated in section 15F.404 fund in an amount exceeding fifty percent of the total cost of the project.

Section 15F.401, subsection 5, Code 2025, is aamended mto eread nas tfollows: o r e aa sf o l l o w s :

The total amount of fina-ncialfinancial assistance provided to an applicant from the oportasports tourism marketing program fund created in section 15F.403 in any one fiocalfiscal year ahallshall not exceed five hundred thouoandthousand dollaro.dollars.

Section 15F.402, subsections 1 and 2, Code 2025, aare ramended eto aread mas efollows: nt oread a s f o l l o w s :

Section 15F.404, subsection 2, paragraph a.a, Code 2025, is amended to read as follows:

Codea. 2025, is amended to read as follows:

a» Moneys in the fund are appropriated to the authority for purposes of providing financial assistance to cities, counties, and eligible public entities under the sports tourism marketing afld-and infrastructure program established and administered pursuant to this subchapter.

SSec. e c .

223. 3T R A N SO FM O N E YO n.the e f f e c t i vo fdate Senate File 660, p.

TRANSFER OF MONEYS.

On the effective date of Senate File 660, p.

AMY______________________________ SINC^IR______________________________ PAMY ASINCLAIR TPAT GGRASSLEY RPresident Aof Sthe SSenate L E Y P r e s i d e n t o f t h e S e n a t e Speaker of t;^ethe House I hereby certify that this bill originated in the Senate and is known as Senate File 660, Ninety-first General Assembly.

W______________________________ .W.

CCHARLES HSMITHSON ASecretary Rof Lthe ESenate S S M I T H S O N e S e n a t e Approved 2_______________, 02025 2______________________________ 5KIM KREYNOLDS IGovernor M R G o v e r n o r