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Text: SF02345                           Text: SF02347
Text: SF02300 - SF02399                 Text: SF Index
Bills and Amendments: General Index     Bill History: General Index

Senate File 2346

Partial Bill History

Bill Text

PAG LIN
  1  1    Section 1.  NEW SECTION.  8D.15  NETWORK SINKING FUND
  1  2 CREATED.
  1  3    A network sinking fund is created in the state treasury.
  1  4 The network sinking fund shall be separate from the general
  1  5 fund of the state and shall not be considered part of the
  1  6 general fund.  Moneys shall be deposited in the network
  1  7 sinking fund as determined by the general assembly and as
  1  8 appropriated by the general assembly from the rebuild Iowa
  1  9 infrastructure fund of the state created in section 8.57,
  1 10 subsection 5.  Moneys deposited in the network sinking fund
  1 11 shall be appropriated by the general assembly and shall only
  1 12 be used for the payment of costs associated with the early
  1 13 redemption of the certificates of participation issued to pay
  1 14 costs associated with the construction of the network.
  1 15 Interest or earnings on moneys deposited in the network
  1 16 sinking fund shall be credited to the network sinking fund.  
  1 17                           EXPLANATION
  1 18    This bill creates an Iowa communications network sinking
  1 19 fund in the state treasury.  Moneys are to be appropriated
  1 20 from the rebuild Iowa infrastructure fund of the state and
  1 21 deposited into the fund as determined by the general assembly.
  1 22 Moneys deposited into the fund are to be used only for the
  1 23 payment of costs associated with the early redemption of the
  1 24 certificates of participation issued to pay costs associated
  1 25 with the construction of the Iowa communications network.  
  1 26 LSB 3752XS 76
  1 27 mj/cf/24
     

Text: SF02345                           Text: SF02347
Text: SF02300 - SF02399                 Text: SF Index
Bills and Amendments: General Index     Bill History: General Index

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