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Senate Study Bill 368

Conference Committee Text

PAG LIN
  1  1              SENATE CONCURRENT RESOLUTION NO.    
  1  2      BY  (PROPOSED COMMITTEE ON APPROPRIATIONS RESOLUTION
  1  3                     BY CHAIRPERSON MURPHY)
  1  4 A Concurrent Resolution requesting that Congress
  1  5    introduce legislation providing for state 
  1  6    sovereignty through the low-cost financing of 
  1  7    debt and needed capital projects by state and
  1  8    local governments.
  1  9    WHEREAS, the State of Iowa has consistently supported
  1 10 legislation that has been in harmony with the needs of the
  1 11 federal government as well as the state and local governments;
  1 12 and
  1 13    WHEREAS, the demands for infrastructure, including sewers,
  1 14 roads, public buildings, and other capital assets, which are
  1 15 provided through federal, state, and local governments are not
  1 16 being met due to the lack of money; and
  1 17    WHEREAS, American taxpayers are already heavily burdened
  1 18 with various taxes; and
  1 19    WHEREAS, governmental entities must from time to time issue
  1 20 bonds to finance capital projects that are necessary to ensure
  1 21 the health and welfare of the citizens of the State of Iowa;
  1 22 and
  1 23    WHEREAS, the sovereignty proposal currently under
  1 24 discussion would make interest-free loans available to states
  1 25 and local governments from federal government funds, which
  1 26 must be used for building and repairing capital assets and for
  1 27 paying off existing debt; and
  1 28    WHEREAS, if federal legislation is properly written and
  1 29 implemented, the sovereignty proposal has the potential of
  1 30 saving citizens an enormous amount of taxes, building needed
  1 31 infrastructure, increasing employment, and reducing federal,
  1 32 state, and local government deficits and debts;  NOW
  1 33 THEREFORE,
  1 34    BE IT RESOLVED BY THE SENATE, THE HOUSE OF REPRESENTATIVES
  1 35 CONCURRING, That the General Assembly of the State of Iowa
  2  1 supports the concept of the sovereignty proposal and joins
  2  2 with other states in requesting that the Congress of the
  2  3 United States introduce the formal legislation necessary to
  2  4 generate national debate on the proposal; and
  2  5    BE IT FURTHER RESOLVED, That following public discussion of
  2  6 the proposal, the General Assembly of the State of Iowa will
  2  7 be better able to determine the full merits of the proposal
  2  8 and will advise the members of Iowa's congressional delegation
  2  9 accordingly; and
  2 10    BE IT FURTHER RESOLVED, That copies of this Resolution be
  2 11 transmitted to the Speaker of the United States House of
  2 12 Representatives, the President of the United States Senate,
  2 13 and all of the members of Iowa's congressional delegation.  
  2 14 LSB 2668SC 76
  2 15 lh/sc/14
     

Text: SSB00367                          Text: SSB00369
Text: SSB00300 - SSB00399               Text: SSB Index
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