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House Journal: Page 1242: Friday, April 3, 1998

 5     2.  Page 16, by inserting after line 24 the
 6   following:
 7     "Sec. 13A.  IOWA HOUSING CORPORATION.  There is
 8   appropriated from the strategic investment fund to the
 9   Iowa housing corporation for the fiscal year beginning
10   July 1, 1998, and ending June 30, 1999, the following
11   amount, or so much thereof as is necessary, to be used
12   for the purposes designated:
13     For assisting in the payment of per diem expenses
14   for board members attending the bimonthly board
15   meetings:
16  		 $	      7,350
17     Sec. 13B.  AUDITOR OF STATE.  There is appropriated
18   from the strategic investment fund to the auditor of
19   state for the fiscal year beginning July 1, 1998, and
20   ending June 30, 1999, the following amount, or so much
21   thereof as is necessary, to be used for the purposes
22   designated:
23     For payment of expenses related to auditing of the
24   Iowa housing corporation:
25  		 $	      4,000
26     Sec. 13C.  Section 16.5, Code Supplement 1997, is
27   amended by adding the following new subsections:
28     NEW SUBSECTION.  18.  Require any nonprofit
29   corporation created by or in association with the
30   authority since January 1, 1989, to include two
31   representatives of nonprofit housing organizations as
32   voting members on the board of directors of any such
33   corporation.  Any such nonprofit corporation shall not
34   have more than one member on the board of directors
35   who is employed by the authority or serves on the
36   board of directors of the authority.
37     NEW SUBSECTION.  19.  Require any nonprofit
38   corporation created by or in association with the
39   authority since January 1, 1989, to file a detailed
40   report by January 15 of each year with the
41   chairpersons and ranking members of the appropriate
42   appropriations subcommittees of the general assembly
43   which shall include, at a minimum, all of the
44   following:
45     a.  An annual report of the corporation.
46     b.  An itemized list of projects assisted, project
47   fees received, project locations, types and amounts of
48   assistance provided, and contact persons for each
49   project.
50     c.  An itemized list of types and amounts of

Page 2  

 1   financial assistance provided to the corporation by
 2   outside sources.
 3     d.  A list, by position, of all corporate employees
 4   and board members.  The information submitted pursuant

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