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Text: H05435                            Text: H05437
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House Amendment 5436

Amendment Text

PAG LIN
  1  1    Amend the amendment, H-5174, to House File 2087 as
  1  2 follows:
  1  3    #1.  Page 4, by inserting after line 31 the
  1  4 following:
  1  5    "7.  CIVIL PENALTY.  Notwithstanding section
  1  6 476.51, an electric utility which fails to comply with
  1  7 the requirements of this section shall be subject to a
  1  8 civil penalty, levied by the board, in an amount that
  1  9 is equivalent to three times the amount of the lowest
  1 10 bid filed with the board to comply with the
  1 11 requirements of this section.  Civil penalties
  1 12 collected under this subsection shall be forwarded to
  1 13 the treasurer of state to be credited to the Iowa
  1 14 energy center.  Any moneys allocated to the Iowa
  1 15 energy center pursuant to this subsection shall be
  1 16 used solely for providing grants to nonprofit agencies
  1 17 for alternate energy production.  These penalties
  1 18 shall be excluded from the electric utility's costs
  1 19 when determining the electric utility's revenue
  1 20 requirement, and shall not be included either directly
  1 21 or indirectly in the electric utility's rates or
  1 22 charges to customers." 
  1 23 
  1 24 
  1 25                              
  1 26 SHOULTZ of Black Hawk
  1 27 
  1 28 
  1 29                              
  1 30 BURNETT of Story
  1 31 
  1 32 
  1 33                              
  1 34 VANDE HOEF of Osceola
  1 35 
  1 36 
  1 37                              
  1 38 MASCHER of Johnson
  1 39 
  1 40 
  1 41                              
  1 42 WITT of Black Hawk
  1 43 
  1 44 
  1 45                              
  1 46 HOLVECK of Polk
  1 47 HF 2087.303 76
  1 48 js/cf
     
Text: H05435                            Text: H05437
Text: H05400 - H05499                   Text: H Index
Bills and Amendments: General Index     Bill History: General Index
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