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House Journal: Page 1570: Tuesday, April 14, 1998

 8   allocated to bonds issued by political subdivisions to
 9   finance a qualified industry or industries for the
10   manufacturing, processing, or assembly of agricultural
11   or manufactured products even though the processed
12   products may require further treatment before delivery
13   to the ultimate consumer.
14     5 6.  During the period of January 1 through
15   October 25 June 30, five three percent of
the state
16   ceiling shall be reserved for private activity bonds
17   issued by political subdivisions, the proceeds of
18   which are used by the issuing political subdivisions.
19     6 7.  a.  The amount of the state ceiling which
is
20   not otherwise allocated under subsections 1 through
4
21   5, and after October 25 June 30, the amount of
the
22   state ceiling reserved under subsection 5 6 and not
23   allocated, shall be allocated to all bonds requiring
24   an allocation under section 146 of the Internal
25   Revenue Code without priority for any type of bond
26   over another, except as otherwise provided in sections
27   7C.5 and 7C.11.
28     b.  The population of the state shall be determined
29   in accordance with the Internal Revenue Code."
30     2.  Page 2, lines 45 and 46, by striking the words
31   and figures "subsections subsection 1 through
4" and
32   inserting the following:  "subsections 1 through 4
5".
33     3.  Page 3, line 7, by striking the figure "2" and
34   inserting the following:  "6".
35     4.  Page 3, line 11, by striking the figure "3"
36   and inserting the following:  "7".
37     5.  Page 3, lines 17 and 18, by striking the words
38   and figures "subsections subsection 1 through
4" and
39   inserting the following:  "subsections 1 through 4
5".
The motion prevailed and the House concurred in the Senate
amendment H-9117.
Klemme of Plymouth moved that the bill, as amended by the House,
further amended by the Senate and concurred in by the House, be
read a last time now and placed upon its passage which motion
prevailed and the bill was read a last time.
On the question "Shall the bill pass?" (S.F. 2052)

The ayes were, 96:

Arnold 	Barry 	Bell 	Bernau 
Boddicker	Boggess 	Bradley 	Brand 
Brauns	Brunkhorst 	Bukta 	Burnett 
Carroll 	Cataldo 	Chapman 	Chiodo 
Cohoon	Churchill 	Connors 	Corbett, Spkr. 
Cormack 	Dinkla 	Dix 	Doderer 
Dolecheck 	Dotzler 	Drake 	Drees 

© 1998 Cornell College and League of Women Voters of Iowa

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Last update: Thu Apr 16 13:40:03 CDT 1998
URL: /DOCS/GA/77GA/Session.2/HJournal/01500/01570.html
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