Text: S05208 Text: S05210 Text: S05200 - S05299 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend Senate File 2296 as follows: 1 2 #1. Page 16, by inserting after line 24 the 1 3 following: 1 4 "Sec. 13A. Section 16.5, Code Supplement 1997, is 1 5 amended by adding the following new subsections: 1 6 NEW SUBSECTION. 18. Require any nonprofit 1 7 corporation created by or in association with the 1 8 authority since January 1, 1989, to include two 1 9 representatives of nonprofit housing organizations as 1 10 voting members on the board of directors of any such 1 11 corporation. Any such nonprofit corporation shall not 1 12 have more than two nonvoting ex-officio members on the 1 13 board of directors who are employed by the authority 1 14 or serve on the board of directors of the authority. 1 15 NEW SUBSECTION. 19. Require any nonprofit 1 16 corporation created by or in association with the 1 17 authority since January 1, 1989, to file a detailed 1 18 report by January 15 of each year with the 1 19 chairpersons and ranking members of the appropriate 1 20 appropriations subcommittees of the general assembly 1 21 which shall include, at a minimum, all of the 1 22 following: 1 23 a. An annual report of the corporation. 1 24 b. An itemized list of projects assisted, project 1 25 fees received, project locations, types and amounts of 1 26 assistance provided, and contact persons for each 1 27 project. 1 28 c. A list of fixed assets of the corporation, 1 29 including the date the fixed assets were acquired and 1 30 the cost of the fixed assets. 1 31 d. An itemized list of types and amounts of 1 32 financial assistance provided to the corporation by 1 33 outside sources. 1 34 e. A list, by position, of all corporate employees 1 35 and board members. The information submitted pursuant 1 36 to this paragraph shall include the compensation 1 37 received, including salary and benefits, received by 1 38 each employee and board member. 1 39 NEW SUBSECTION. 20. Require any nonprofit 1 40 corporation created by or in association with the 1 41 authority since January 1, 1989, to adopt a written 1 42 conflict of interests policy. The policy shall 1 43 include, but not be limited to, a prohibition against 1 44 a board member or employee of the corporation having a 1 45 financial interest in any project of the corporation. 1 46 Sec. 13B. AUDIT. By January 15, 1999, the auditor 1 47 of state shall conduct an audit, or review any 1 48 previously completed audit, of any nonprofit 1 49 corporation in existence which has been incorporated 1 50 since January 1, 1989, by or in association with the 2 1 Iowa finance authority, for the entire time period 2 2 since the corporation was incorporated. The auditor 2 3 shall make or cause to be made a written report 2 4 consistent with and similar to the type of report 2 5 required under section 11.4. The auditor of state may 2 6 conduct similar additional audits of the same 2 7 nonprofit corporation as the auditor deems necessary 2 8 and the nonprofit corporation shall pay a fee for all 2 9 audits conducted. 2 10 Sec. 13C. HOUSING CORPORATION BOARD. The board of 2 11 directors of the Iowa housing corporation shall 2 12 consist of nine voting members serving staggered 2 13 three-year terms. Two members shall be 2 14 representatives of nonprofit housing organizations 2 15 with one member appointed by the governor, subject to 2 16 confirmation by the senate, and one member named by 2 17 the Iowa coalition for housing and the homeless. The 2 18 Iowa association of realtors, the home builders 2 19 association of Iowa, and the Iowa mortgage bankers 2 20 association shall all appoint one member to the board. 2 21 The governor shall appoint the remaining four board 2 22 members subject to confirmation by the senate. The 2 23 terms of three board members shall expire each year. 2 24 Board members serving on the effective date of this 2 25 Act shall complete their current terms and shall have 2 26 their positions on the board filled by the members who 2 27 are to be appointed by the governor. Board members 2 28 filling the four new positions on the board which are 2 29 appointed by the private associations may serve less 2 30 than a three-year term during the initial term in 2 31 order to properly stagger the terms. All appointments 2 32 to the board of directors made by the governor shall 2 33 conform to the requirements of sections 69.15, 69.16, 2 34 69.16A, 69.17, 69.18, and 69.19." 2 35 #2. Page 19, line 11, by striking the word 2 36 "Section" and inserting the following: "Sections 13A, 2 37 13B, 13C, and". 2 38 #3. Page 19, line 12, by striking the word "takes" 2 39 and inserting the following: "take". 2 40 #4. Title page, by striking line 5 and inserting 2 41 the following: "providing effective date provisions." 2 42 #5. By renumbering and correcting internal 2 43 numbering and references as necessary. 2 44 2 45 2 46 2 47 PATRICIA HARPER 2 48 MATT McCOY 2 49 PATRICK J. DELUHERY 2 50 SF 2296.701 77 3 1 tm/sc/28
Text: S05208 Text: S05210 Text: S05200 - S05299 Text: S Index Bills and Amendments: General Index Bill History: General Index
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