Text: H08243                            Text: H08245
Text: H08200 - H08299                   Text: H Index
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House Amendment 8244

Amendment Text

PAG LIN
  1  1    Amend House File 2491 as follows:
  1  2    #1.  Page 1, line 4, by inserting after the figure
  1  3 "10C," the following:  "as that chapter exists on or
  1  4 before June 30, 2004,".
  1  5    #2.  Page 1, by inserting before line 18, the
  1  6 following:
  1  7    "   .  "Economic development board" or "board"
  1  8 means the economic development board created pursuant
  1  9 to section 15.103."
  1 10    #3.  Page 2, line 7, by inserting after the word
  1 11 "enterprise" the following:  "may acquire or hold an
  1 12 ownership or leasehold interest in agricultural land,
  1 13 if the economic development board approves a life
  1 14 science enterprise plan as provided in section 15.104.
  1 15 A life science enterprise must acquire or hold the
  1 16 agricultural land pursuant to the plan which may be
  1 17 amended as provided by the board.  However, the life
  1 18 science enterprise".
  1 19    #4.  Page 2, line 15, by striking the words
  1 20 "livestock, including culls," and inserting the
  1 21 following:  "cull livestock".
  1 22    #5.  Page 2, by inserting after line 35, the
  1 23 following:
  1 24    "Sec.    .  NEW SECTION.  10C.5  REPEAL.
  1 25    Sections 10C.1 through 10C.4 and this section are
  1 26 repealed July 1, 2004.
  1 27    Sec.    .  NEW SECTION.  10C.6  EXISTING LIFE
  1 28 SCIENCE ENTERPRISES.
  1 29    1.  a.  A life science enterprise may acquire or
  1 30 hold agricultural land, notwithstanding section 10C.5
  1 31 as that section exists in the 2003 Code or 2003 Code
  1 32 Supplement, if all of the following applies:
  1 33    (1)  The enterprise acquires or holds the
  1 34 agricultural land pursuant to chapter 10C as that
  1 35 chapter exists in the 2003 Code or 2003 Code
  1 36 Supplement.
  1 37    (2)  The economic development board has approved a
  1 38 life science enterprise plan filed on or before June
  1 39 30, 2004 with the board.  The enterprise must acquire
  1 40 or hold the agricultural land pursuant to the plan
  1 41 which may be amended at any time and approved by the
  1 42 board pursuant to section 15.104.
  1 43    b.  The life science enterprise must file a report
  1 44 with the secretary of state as provided in section
  1 45 10B.4.
  1 46    2.  A person who is a successor in interest to a
  1 47 life science enterprise may acquire or hold
  1 48 agricultural land, notwithstanding section 10C.5 as
  1 49 that section exists in the 2003 Code or 2003 Code
  1 50 Supplement, if all of the following applies:
  2  1    a.  The person meets the qualifications of a life
  2  2 science enterprise and acquires or holds the
  2  3 agricultural land as provided in chapter 10C as that
  2  4 chapter exists in the 2003 Code or 2003 Code
  2  5 Supplement.
  2  6    b.  The person acquires or holds the agricultural
  2  7 land according to the life science enterprise plan
  2  8 filed by the person's predecessor in interest and
  2  9 approved by the economic development board.  The plan
  2 10 may be amended at any time and approved by the board
  2 11 pursuant to section 15.104.
  2 12    c.  The person has filed a notice with the economic
  2 13 development board as required by the board.  The
  2 14 notice shall state that the person is a successor in
  2 15 interest.  The notice must be filed with the board
  2 16 within thirty days following the person's acquisition
  2 17 of the interest.
  2 18    d.  The person must file a report as a life science
  2 19 enterprise with the secretary of state as provided in
  2 20 section 10B.4.
  2 21    Sec.    .  Section 15.104, Code 1999, is amended by
  2 22 adding the following new subsection:
  2 23    NEW SUBSECTION.  4A.  Review and approve a life
  2 24 science enterprise plan or amendments to that plan as
  2 25 provided in chapter 10C as that chapter exists on or
  2 26 before June 30, 2004.  The plan or amendments shall be
  2 27 submitted by a life science enterprise as provided by
  2 28 the board.  The plan and shall include information
  2 29 regarding the life science enterprise as required by
  2 30 rules adopted by the board, including but not limited
  2 31 to all of the following:
  2 32    a.  A description of life science products to be
  2 33 developed by the enterprise.
  2 34    b.  The time frame required by the enterprise to
  2 35 develop the life science products.
  2 36    c.  The amount of capital investment required by
  2 37 the enterprise to develop the life science products.
  2 38    d.  The number of acres of land required to produce
  2 39 the life science products.
  2 40    Sec.  ___.  DIRECTIONS TO CODE EDITOR.  The Code
  2 41 editor may transfer section 10C.6 to another chapter
  2 42 in the 2005 Code, and correct internal references as
  2 43 necessary in order to enhance the readability of the
  2 44 Code.
  2 45    Sec.    .  EFFECTIVE DATE.  Section 10C.6, as
  2 46 enacted in this Act, takes effect July 1, 2004.
  2 47    #6.  Title page, line 2, by inserting after the
  2 48 word "penalties" the following:  "and an effective
  2 49 date".
  2 50    #7.  By renumbering as necessary.  
  3  1 
  3  2 
  3  3                               
  3  4 ALONS of Sioux 
  3  5 
  3  6 
  3  7                               
  3  8 RAYHONS of Hancock 
  3  9 HF 2491.203 78
  3 10 da/gg
     

Text: H08243                            Text: H08245
Text: H08200 - H08299                   Text: H Index
Bills and Amendments: General Index     Bill History: General Index

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