67-4723A. IDAHO SMALL BUSINESS FEDERAL FUNDING ASSISTANCE ACT — FUND CREATED. (1) There is hereby created in the state treasury the Idaho small business assistance fund to which shall be credited all moneys that may be appropriated, apportioned, allocated, and paid back to the fund, including grants, federal moneys, donations, gifts, funds from any other source or otherwise provided by law. The moneys in the fund shall be used to reimburse Idaho small businesses for costs incurred in the process of developing and submitting federal grant proposals and to compete for awards. The Idaho department of commerce shall administer the fund.
(2) As used in this section:
(a) "Federal funding" means grants available to for-profit businesses as awarded by federal agencies through small business innovative research grants, small business technology transfer research grants, broad area announcements or other grant programs.
(b) "Small business" means an Idaho for-profit company with five hundred (500) or fewer employees.
(c) "State grants" means a grant award of up to four thousand dollars ($4,000) limited exclusively to the reimbursement of claimable expenses incurred by an Idaho small business pursuant to the process of competing for federal funding awards.
(3) The department of commerce shall administer a program of state grants to assist and incentivize new, emerging, and expanding Idaho small, for-profit businesses in the development of federal funding proposals that lead to the development of commercial products or services.
(4) The department of commerce shall administer this program in such a way as to avoid favoritism of any particular enterprise and to maximize the public purposes of increasing the number of submitted proposals from Idaho small businesses and increasing the number of grant awards to these businesses. Particular attention shall be paid to the encouragement of companies that have not competed for federal funding awards in the past.
History:
[67-4723A, added 2011, ch. 224, sec. 2, p. 611.]
Structure Idaho Code
Title 67 - STATE GOVERNMENT AND STATE AFFAIRS
Chapter 47 - DEPARTMENT OF COMMERCE
Section 67-4701 - DEPARTMENT OF COMMERCE CREATED.
Section 67-4702 - AUTHORITY AND DUTIES OF THE DIRECTOR.
Section 67-4703 - POWERS AND DUTIES.
Section 67-4703A - FOREIGN TRADE ZONES.
Section 67-4704 - ECONOMIC ADVISORY COUNCIL — APPOINTMENT OF MEMBERS — QUALIFICATIONS.
Section 67-4705 - IDAHO DEVELOPMENT AND PUBLICITY ACCOUNT.
Section 67-4706 - COMMUNITY AFFAIRS FUNCTIONS AND RESPONSIBILITIES OF THE DEPARTMENT.
Section 67-4707 - FUNDS OF DEPARTMENT.
Section 67-4708 - BUSINESS RECORDS.
Section 67-4710 - DECLARATION OF POLICY.
Section 67-4711 - DEFINITIONS.
Section 67-4712 - IDAHO TRAVEL AND CONVENTION INDUSTRY COUNCIL — CREATED — APPOINTMENT OF MEMBERS.
Section 67-4713 - MEMBERS’ QUALIFICATIONS — TERM OF OFFICE — CONFLICT OF INTEREST.
Section 67-4714 - MEETINGS OF THE COUNCIL.
Section 67-4715 - DUTIES AND POWERS OF THE COUNCIL.
Section 67-4716 - ADMINISTRATIVE EXPENSES — LIMITATION.
Section 67-4717 - REGIONAL AND STATEWIDE GRANT PROGRAM.
Section 67-4718 - ASSESSMENT — COUNCIL ACCOUNT.
Section 67-4720 - TOURIST INFORMATION SIGNS.
Section 67-4722 - ECONOMIC DEVELOPMENT FINANCING ACCOUNT.
Section 67-4723 - GRANTS — STANDARDS AND ADMINISTRATION.
Section 67-4723A - IDAHO SMALL BUSINESS FEDERAL FUNDING ASSISTANCE ACT — FUND CREATED.
Section 67-4724 - RETURN TO THE STATE.
Section 67-4725 - IDAHO GLOBAL ENTREPRENEURIAL MISSION GRANT FUND.
Section 67-4729 - DEPARTMENT OF COMMERCE AND IGEM COUNCIL RULES AND RESPONSIBILITIES.
Section 67-4730 - IDAHO GLOBAL ENTREPRENEURIAL MISSION (IGEM) RESEARCH.
Section 67-4731 - COMMERCIALIZATION REVENUE DISTRIBUTION.
Section 67-4732 - IDAHO OPPORTUNITY FUND — SHORT TITLE — LEGISLATIVE INTENT.
Section 67-4733 - DIRECTOR RULEMAKING AUTHORITY.
Section 67-4734 - IDAHO OPPORTUNITY FUND.
Section 67-4735 - AGREEMENTS REQUIRED AND DISBURSEMENT OF FUNDS.
Section 67-4736 - ANNUAL REPORT BY DIRECTOR.
Section 67-4737 - IDAHO REIMBURSEMENT INCENTIVE ACT — SHORT TITLE — LEGISLATIVE INTENT.
Section 67-4738 - DEFINITIONS.
Section 67-4739 - APPLICATION — PROCESS — AGREEMENTS — REIMBURSEMENT.
Section 67-4740 - AGREEMENT WITH APPLICANT.
Section 67-4741 - APPLICANT’S ANNUAL REPORTING PROCEDURE.
Section 67-4742 - ANNUAL REPORTING BY DEPARTMENT.
Section 67-4743 - SUSPENSION OF IDAHO REIMBURSEMENT INCENTIVE ACT.
Section 67-4744 - DIRECTOR RULEMAKING AUTHORITY.