Text: H08882 Text: H08884 Text: H08800 - H08899 Text: H Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend Senate File 2296, as amended, passed, and
1 2 reprinted by the Senate, as follows:
1 3 #1. Page 16, by inserting before line 25 the
1 4 following:
1 5 "Sec. ___. Section 403.15, subsection 5, Code
1 6 1997, is amended to read as follows:
1 7 5. The mayor or chairperson of the board, as
1 8 applicable, shall designate a chairperson and vice
1 9 chairperson from among the commissioners. An agency
1 10 may employ an executive director, technical experts
1 11 and such other agents and employees, permanent and
1 12 temporary, as it may require, and the agency may
1 13 determine their qualifications, duties and
1 14 compensation. For such legal service as it may
1 15 require, an agency may employ or retain its own
1 16 counsel and legal staff. An agency authorized to
1 17 transact business and exercise powers under this
1 18 chapter shall file, with the local governing body, on
1 19 or before September 30 of each year, a report of its
1 20 activities for the preceding fiscal year, which report
1 21 shall include a complete financial statement setting
1 22 forth its assets, liabilities, income and operating
1 23 expense as of the end of such fiscal year. At the
1 24 time of filing the report, the agency shall publish in
1 25 a newspaper of general circulation in the city or
1 26 county, as applicable, a notice to the effect that
1 27 such report has been filed with the municipality, and
1 28 that the report is available for inspection during
1 29 business hours in the office of the city clerk or
1 30 county auditor, as applicable, and in the office of
1 31 the agency. On or before September 30 of each year,
1 32 an agency shall submit the annual financial report
1 33 prepared pursuant to this section to the department of
1 34 economic development and to the county auditor of the
1 35 county in which the agency is located. In addition to
1 36 the other requirements of this section, the report
1 37 shall list each project within an urban renewal area;
1 38 the amount of loans, advances, indebtedness, or bonds
1 39 which qualified for payment from the special fund for
1 40 each urban renewal project in the preceding fiscal
1 41 year; the total of such amount for each urban renewal
1 42 area located in the municipality; the expiration of
1 43 the urban renewal area, if applicable, or otherwise
1 44 the term of the indebtedness; and the amount of
1 45 incremental assessed valuation in an urban renewal
1 46 area that is subject to the division of taxes in
1 47 section 403.19, subsection 2 and, if available, the
1 48 portion of the incremental value due to new
1 49 construction and the portion due to revaluation. The
1 50 department of economic development, in consultation
2 1 with the legislative fiscal bureau, shall determine
2 2 reporting criteria for reports filed with the
2 3 department pursuant to this subsection."
2 4 #2. By renumbering as necessary.
2 5
2 6
2 7
2 8 DIX of Butler
2 9 HEATON of Henry
2 10 SF 2296.219 77
2 11 tm/jl/28
Text: H08882 Text: H08884 Text: H08800 - H08899 Text: H Index Bills and Amendments: General Index Bill History: General Index
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