Text: HF02166 Text: HF02168 Text: HF02100 - HF02199 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 15E.153, Code 1997, is amended to read 1 2 as follows: 1 3 15E.153 AUTHORIZED CORPORATION. 1 4A Wallace technology transfer foundation of Iowa shall be1 5incorporatedThe department of economic development may 1 6 organize a corporation under chapter 504A as a successor to 1 7 the entity incorporated under this section prior to the 1 8 effective date of this Act. Thefoundationcorporation shall 1 9 not be regarded as a state agency, except for purposes of 1 10 chapter17A8D. A member of the board of directors is not 1 11 considered a state employee, except for purposes of chapter 1 12 669. A natural person employed by thefoundationcorporation 1 13 is a state employee for purposes of the Iowa public employees' 1 14 retirement system, state health and dental plans, and other 1 15 state employee benefits plans and chapter 669. Chapters 8, 1 16 18, 19A, and 20, and other provisions of law that relate to 1 17 requirements or restrictions dealing with state personnel or 1 18 state funds, do not apply to thefoundation andcorporation or 1 19 any employees of theboard or the foundationcorporation 1 20 except to the extent provided in this division of this 1 21 chapter. 1 22 Sec. 2. Section 15E.154, Code 1997, is amended by striking 1 23 the section and inserting in lieu thereof the following: 1 24 15E.154 ORGANIZATIONAL STRUCTURE. 1 25 The membership of the board of directors and other matters 1 26 relating to the corporation shall be established according to 1 27 the articles of incorporation and bylaws of the corporation. 1 28 Sec. 3. Section 159A.3, subsections 4 and 5, Code 1997, 1 29 are amended to read as follows: 1 30 4. The office shallcooperate with the Wallace technology1 31transfer foundation of Iowa in formulatingformulate long- 1 32 range strategic plans to guide state investment in applied 1 33 research, development, and commercial transfer of selected 1 34 scientific and technological innovation relating to renewable 1 35 fuels and energy sources and coproducts technology. 2 1 5. The office and state entities, including the 2 2 department, the committee, the Iowa department of economic 2 3 development, the state department of transportation, the 2 4 department of natural resources, and state board of regents 2 5 institutions,and the Wallace technology transfer foundation2 6of Iowa,shall cooperate to implement this section. 2 7 Sec. 4. Sections 15E.152, 15E.155, 15E.157, 15E.158, 2 8 15E.159, 15E.160, 15E.161, 15E.165, and 15E.166, Code 1997, 2 9 are repealed. 2 10 Sec. 5. It is the intent of the general assembly to 2 11 support the continued existence of a quasi-public, nonprofit 2 12 corporation similar in structure to the Wallace technology 2 13 transfer foundation of Iowa so that such a corporation 2 14 structure may be used for future economic development purposes 2 15 by the department of economic development. The Wallace 2 16 technology transfer foundation of Iowa board of directors 2 17 serving immediately prior to the effective date of this Act 2 18 shall consult with the department of economic development to 2 19 determine and implement the appropriate modification to the 2 20 articles of incorporation and bylaws to carry out the intent 2 21 and provisions of this Act. The corporation shall only 2 22 perform functions authorized by the general assembly by law. 2 23 Sec. 6. EFFECTIVE DATE. This Act, being deemed of 2 24 immediate importance, takes effect upon enactment. 2 25 EXPLANATION 2 26 This bill removes all references in the Code to the Wallace 2 27 technology transfer foundation of Iowa. The bill provides the 2 28 department of economic development with the ability to form a 2 29 successor corporation to the foundation which may be used for 2 30 future economic development purposes. The successor 2 31 corporation shall not be considered a state agency except for 2 32 purposes of chapter 8D, which relates to the Iowa 2 33 communications network. The bill provides that the 2 34 organizational structure of the successor corporation shall be 2 35 established by the articles of incorporation and bylaws of the 3 1 successor corporation. 3 2 The bill requires the Wallace technology transfer 3 3 foundation of Iowa board of directors to consult with the 3 4 department to determine and implement the appropriate 3 5 modification to the articles of incorporation and bylaws to 3 6 carry out the intent of this bill. The corporation shall only 3 7 perform functions authorized by the general assembly by law. 3 8 The bill provides for an immediate effective date. 3 9 LSB 3312HV 77 3 10 tm/cf/24
Text: HF02166 Text: HF02168 Text: HF02100 - HF02199 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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