Text: SF02200 Text: SF02202 Text: SF02200 - SF02299 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 SENATE FILE 2201 1 2 1 3 AN ACT 1 4 RELATING TO SECURITY FOR DAMAGES ARISING FROM THE ABANDON- 1 5 MENT OF NATURAL GAS PIPELINES. 1 6 1 7 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 1 8 1 9 Section 1. Section 479A.12, Code 1997, is amended to read 1 10 as follows: 1 11 479A.12 FINANCIAL CONDITION OF COMPANY BOND OR OTHER 1 12 SECURITY. 1 13 Before construction is begun by a pipeline company, the 1 14 company shall satisfy the board that the company has property 1 15 subject to execution within this state other than pipelines, 1 16 of a value in excess of two hundred fifty thousand dollars, or 1 17 the company must file and maintain with the board a surety 1 18 bond in the penal sum of two hundred fifty thousand dollars 1 19 with surety approved by the board, conditioned that the 1 20 company will pay any and all damages legally recovered against 1 21 it growing out of the construction, abandonment, or operation 1 22 of its pipeline and underground storage facilities in this 1 23 state, or the company shall deposit with the board security 1 24 satisfactory to the board as a guaranty for the payment of 1 25 that amount of damages, or furnish to the board satisfactory 1 26 proofs of its solvency and financial ability to pay that 1 27 amount of damages. 1 28 1 29 1 30 1 31 MARY E. KRAMER 1 32 President of the Senate 1 33 1 34 1 35 2 1 RON J. CORBETT 2 2 Speaker of the House 2 3 2 4 I hereby certify that this bill originated in the Senate and 2 5 is known as Senate File 2201, Seventy-seventh General Assembly. 2 6 2 7 2 8 2 9 MARY PAT GUNDERSON 2 10 Secretary of the Senate 2 11 Approved , 1998 2 12 2 13 2 14 2 15 TERRY E. BRANSTAD 2 16 Governor
Text: SF02200 Text: SF02202 Text: SF02200 - SF02299 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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