Text: HF00527 Text: HF00529 Text: HF00500 - HF00599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 8.57, subsection 5, paragraph c, Code 1 2 1999, is amended to read as follows: 1 3 c. (1) Moneys in the fund in a fiscal year shall be used 1 4 as directed by the general assembly for public vertical 1 5 infrastructure projects. For the purposes of this subsection, 1 6 "vertical infrastructure" includes only land acquisition and 1 7 construction, major renovation and major repair of buildings, 1 8 all appurtenant structures, utilities, site development, and 1 9 recreational trails. "Vertical infrastructure" does not 1 10 include routine, recurring maintenance or operational expenses 1 11 or leasing of a building, appurtenant structure, or utility 1 12 without a lease-purchase agreement. However, appropriations 1 13 may be made for the fiscal years beginning July 1, 1997, and 1 14 July 1, 1998, for the purpose of funding the completion of 1 15 Part III of the Iowa communications network. 1 16 (2) Commencing with the fiscal year beginning July 1, 1 17 2000, and ending June 30, 2001, at least one-fourth of all 1 18 moneys available in the fund for a fiscal year shall be used 1 19 for public vertical infrastructure projects that involve major 1 20 renovation or major repair to correct life, safety, or fire 1 21 hazards. This requirement shall not apply if the estimated 1 22 total cost of such projects in a fiscal year is less than one- 1 23 fourth of the total amount of moneys available in the fund for 1 24 the fiscal year. 1 25 EXPLANATION 1 26 This bill amends Code section 8.57 to require that, 1 27 beginning with fiscal year 2001, one-fourth of all moneys 1 28 available in the rebuild Iowa infrastructure fund in a fiscal 1 29 year be used for public vertical infrastructure projects that 1 30 involve major renovation or major repair to correct life, 1 31 safety, or fire hazards. The requirement does not apply if 1 32 the total costs of such projects in a fiscal year is less than 1 33 one-fourth of the total amount of moneys available in the fund 1 34 for the fiscal year. 1 35 Code section 8.57 currently defines "vertical 2 1 infrastructure" to include only land acquisition and 2 2 construction, major renovation and major repair of buildings, 2 3 all appurtenant structures, utilities, site development, and 2 4 recreational trails. 2 5 LSB 2593YH 78 2 6 nh/cf/24
Text: HF00527 Text: HF00529 Text: HF00500 - HF00599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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