Text: HF02000 Text: HF02002 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 7C.4A, subsection 4, Code 1997, is 1 2 amended to read as follows: 1 3 4.SixteenTwenty percent of the state ceiling shall be 1 4 allocated to qualified small issue bonds issued for first-time 1 5 farmers. However, at any time during the calendar year the 1 6 governor's designee, with the approval of the Iowa 1 7 agricultural development authority, may determine that a 1 8 lesser amount need be allocated to qualified small issue bonds 1 9 for first-time farmers and on that date this lesser amount 1 10 shall be the amount allocated for those bonds and the excess 1 11 shall be allocated under subsection 6. 1 12 EXPLANATION 1 13 Iowa Code section 7C.4A allocates a ceiling among the 1 14 various governmental units which are authorized to issue 1 15 private activity bonds under the laws of this state. The 1 16 section allocates a percentage of the state ceiling for a 1 17 number of public purposes, including housing, job training, 1 18 and education. Sixteen percent of the state ceiling is 1 19 allocated to qualified small issue bonds issued for first-time 1 20 farmers, under programs administered by the agricultural 1 21 development authority. This bill increases the allocation to 1 22 20 percent of the state ceiling. 1 23 LSB 3066HH 77 1 24 da/jw/5
Text: HF02000 Text: HF02002 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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