Text: HF02488 Text: HF02490 Text: HF02400 - HF02499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
Get Version To Print
PAG LIN 1 1 Section 1. NEW SECTION. 15A.4 CONTROLLED SUBSTANCE 1 2 OFFENSE – REPAYMENT OF ASSISTANCE RECEIVED BY BUSINESS. 1 3 A business which receives economic development assistance 1 4 shall enter into an agreement with the governmental entity 1 5 providing the assistance providing that the business shall 1 6 repay the assistance received by the business if one of the 1 7 following individuals is convicted of a violation of chapter 1 8 124 committed during the period in which the agreement is in 1 9 effect, which shall not be less than one year: 1 10 1. The owner, if the business is a sole proprietorship. 1 11 2. A partner or managing partner, if the business is a 1 12 partnership or limited partnership. 1 13 3. A member of a limited liability company with management 1 14 responsibilities. 1 15 4. The chief operating officer of a corporation. 1 16 EXPLANATION 1 17 This bill provides that a business which receives economic 1 18 development assistance from a governmental entity shall enter 1 19 into an agreement with the governmental entity that the 1 20 business will repay the assistance received if the owner of 1 21 the business, a partner or managing partner if the business is 1 22 a partnership or limited partnership, a managing member of a 1 23 limited liability company, or the chief operating officer of a 1 24 corporation is convicted of a violation of a controlled 1 25 substance offense while the agreement is in effect. The 1 26 agreement must be in effect for at least one year. 1 27 LSB 4424HH 76 1 28 mk/sc/14
Text: HF02488 Text: HF02490 Text: HF02400 - HF02499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
© 1996 Cornell College and League of Women Voters of Iowa
Comments? webmaster@legis.iowa.gov.
Last update: Fri Apr 5 03:22:49 CST 1996
URL: /DOCS/GA/76GA/Legislation/HF/02400/HF02489/960328.html
jhf