This file contains STRIKE and UNDERSCORE. If you cannot see either STRIKE or UNDERSCORE attributes or would like to change how these attributes are displayed, please use the following form to make the desired changes.

House Journal: Page 1082: Tuesday, April 8, 1997

 6   protection loans outstanding on July 1, 2017, and
 7   payable to the blufflands protection revolving fund,
 8   shall be paid to the administrative director of the
 9   division of soil conservation on or after July 1,
10   2017, pursuant to the terms of the loan agreement and
11   shall be credited to the general fund of the state."
12     2.  Page 18, by inserting after line 23 the
13   following:
14     "Sec. ___.  Section 99F.11, subsection 4, Code
15   1997, is amended to read as follows:
16     4.  The remaining amount of the adjusted gross
17   receipts tax shall be credited to the general fund of
18   the state.  However, of the remaining amount of
19   adjusted gross receipts tax available under this
20   subsection, and notwithstanding provisions to the
21   contrary in section 8.57, for the fiscal period
22   beginning July 1, 1997, and ending June 30, 2017, the
23   first one million dollars collected each fiscal year
24   shall be credited to the blufflands protection
25   revolving fund.
26     Sec. ___.  NEW SECTION.  161A.80  BLUFFLANDS
27   PROTECTION PROGRAM - REVOLVING FUND.
28     1.  As used in this section, unless the context
29   otherwise requires:
30     a.  "Bluffland" means a cliff, headland, or hill
31   with a broad steep face along the channel or
32   floodplain of a river and its tributaries.
33     b.  "Conservation organization" means a nonprofit
34   corporation incorporated in Iowa or an entity
35   organized and operated primarily to enhance and
36   protect natural resources in this state.
37     2.  A blufflands protection revolving fund is
38   created in the state treasury.  The proceeds of the
39   revolving fund are appropriated to make loans to
40   conservation organizations which agree to purchase
41   conservation easements on blufflands along the
42   Mississippi river or to purchase blufflands along the
43   Mississippi river for resale with restrictive
44   covenants attached to the property.  The
45   administrative director of the division of soil
46   conservation shall administer the revolving fund.
47   Notwithstanding section 12C.7, interest or earnings on
48   investments made pursuant to this section or as
49   provided in section 12B.10 shall be credited to the
50   blufflands protection revolving fund.  Notwithstanding

Page 2  

 1   section 8.33, unobligated or unencumbered funds
 2   credited to the blufflands protection revolving fund
 3   shall not revert at the close of a fiscal year.
 4   However, the maximum balance in the blufflands
 5   protection fund shall not exceed two million five

Iowa General Assembly

Index: House Journal (77th General Assembly: Session 1)

© 1997 Cornell College and League of Women Voters of Iowa

Comments about this site or page? hjourn@legis.iowa.gov. Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.

Last update: Thu Apr 10 13:40:03 CDT 1997
URL: /DOCS/GA/77GA/Session.1/HJournal/01000/01082.html
jhf