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.

This bill establishes the Iowa Major Events and Tourism Program and Fund to provide financial assistance to Iowa nonprofit organizations. These organizations support large tourism-oriented events, such as athletic contests, conventions, music, and art festivals, that generate significant economic impact. The program offers grants to help cover costs associated with bidding for, planning, and conducting these events. To qualify, organizations must demonstrate the event's economic impact and provide matching funds, with an initial appropriation of $15 million from the sports wagering receipts fund.