Text: HF02443 Text: HF02445 Text: HF02400 - HF02499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 16.5, Code Supplement 1997, is amended 1 2 by adding the following new subsections: 1 3 NEW SUBSECTION. 18. Require any nonprofit corporation 1 4 created by or in association with the authority since January 1 5 1, 1989, to include two representatives of nonprofit housing 1 6 organizations as voting members on the board of directors of 1 7 any such corporation. Any such nonprofit corporation shall 1 8 not have more than two nonvoting ex-officio members on the 1 9 board of directors who are employed by the authority or serve 1 10 on the board of directors of the authority. 1 11 NEW SUBSECTION. 19. Require any nonprofit corporation 1 12 created by or in association with the authority since January 1 13 1, 1989, to file a detailed report by January 15 of each year 1 14 with the chairpersons and ranking members of the appropriate 1 15 appropriations subcommittees of the general assembly which 1 16 shall include, at a minimum, all of the following: 1 17 a. An annual report of the corporation. 1 18 b. An itemized list of projects assisted, project fees 1 19 received, project locations, types and amounts of assistance 1 20 provided, and contact persons for each project. 1 21 c. A list of fixed assets of the corporation, including 1 22 the date the fixed assets were acquired and the cost of the 1 23 fixed assets. 1 24 d. An itemized list of types and amounts of financial 1 25 assistance provided to the corporation by outside sources. 1 26 e. A list, by position, of all corporate employees and 1 27 board members. The information submitted pursuant to this 1 28 paragraph shall include the compensation received, including 1 29 salary and benefits, received by each employee and board 1 30 member. 1 31 NEW SUBSECTION. 20. Require any nonprofit corporation 1 32 created by or in association with the authority since January 1 33 1, 1989, to adopt a written conflict of interests policy. The 1 34 policy shall include, but not be limited to, a prohibition 1 35 against a board member or employee of the corporation having a 2 1 financial interest in any project of the corporation. 2 2 Sec. 2. AUDIT. By January 15, 1999, the auditor of state 2 3 shall conduct an audit, or review any previously completed 2 4 audit, of any nonprofit corporation in existence which has 2 5 been incorporated since January 1, 1989, by or in association 2 6 with the Iowa finance authority, for the entire time period 2 7 since the corporation was incorporated. The auditor shall 2 8 make or cause to be made a written report consistent with and 2 9 similar to the type of report required under section 11.4. 2 10 The auditor of state may conduct similar additional audits of 2 11 the same nonprofit corporation as the auditor deems necessary 2 12 and the nonprofit corporation shall pay a fee for all audits 2 13 conducted. 2 14 Sec. 3. HOUSING CORPORATION BOARD. The board of directors 2 15 of the Iowa housing corporation shall consist of nine voting 2 16 members serving staggered three-year terms. Two members shall 2 17 be representatives of nonprofit housing organizations with one 2 18 member appointed by the governor, subject to confirmation by 2 19 the senate, and one member named by the Iowa coalition for 2 20 housing and the homeless. The Iowa association of realtors, 2 21 the home builders association of Iowa, and the Iowa mortgage 2 22 bankers association shall all appoint one member to the board. 2 23 The governor shall appoint the remaining four board members 2 24 subject to confirmation by the senate. The terms of three 2 25 board members shall expire each year. Board members serving 2 26 on the effective date of this Act shall complete their current 2 27 terms and shall have their positions on the board filled by 2 28 the members who are to be appointed by the governor. Board 2 29 members filling the four new positions on the board which are 2 30 appointed by the private associations may serve less than a 2 31 three-year term during the initial term in order to properly 2 32 stagger the terms. All appointments to the board of directors 2 33 made by the governor shall conform to the requirements of 2 34 sections 69.15, 69.16, 69.16A, 69.17, 69.18, and 69.19. 2 35 Sec. 4. EFFECTIVE DATE. This Act, being deemed of 3 1 immediate importance, takes effect upon enactment. 3 2 HF 2444 3 3 tm/pk/25
Text: HF02443 Text: HF02445 Text: HF02400 - HF02499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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