Text: HF02026 Text: HF02028 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 HOUSE FILE 2027 1 2 1 3 AN ACT 1 4 RELATING TO THE CONSTRUCTION OR ACQUISITION OF 1 5 INFRASTRUCTURE BY RURAL WATER DISTRICTS BY PROVIDING 1 6 FOR FINANCING AND EXEMPTING CERTAIN DEBT INSTRUMENTS 1 7 FROM TAXATION. 1 8 1 9 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 1 10 1 11 Section 1. Section 357A.11, subsection 9, Code 1999, is 1 12 amended to read as follows: 1 13 9. Finance all or part of the cost of the construction or 1 14 purchase of a project necessary to carry out the purposes for 1 15 which the district is incorporated or to refinance all or part 1 16 of the original cost of that project, including, but not 1 17 limited to, obligations originated by the district as a 1 18 nonprofit corporation under chapter 504A and assumed by the 1 19 district reorganized under this chapter. Financing or 1 20 refinancing carried out under this subsection shall be in 1 21 accordance with the terms and procedures set forth in the 1 22 applicable provisions of sections 384.24A, 384.83 through 1 23 384.88, 384.92, and 384.93. References in these sections to a 1 24 city shall be applicable to a rural water district operating 1 25 under this chapter, and references in that division to a city 1 26 council shall be applicable to the board of directors of a 1 27 rural water district. This subsection shall not create a lien 1 28 against the property of a person who is not a rural water 1 29 subscriber. 1 30 Sec. 2. Section 357A.15, unnumbered paragraph 1, Code 1 31 1999, is amended to read as follows: 1 32NoA district shall not haveanypower to levy any taxes. 1 33Neither theThe facilities constructed or otherwise acquired 1 34 byanya district, including but not limited to ponds, 1 35 reservoirs, pipelines, wells, check dams, and pumping 2 1 installations, the revenues obtained by the district from the 2 2 sale of water,norand the revenue bonds or notes, or interest 2 3therefromfrom the revenue bonds or notes, issued byanya 2 4 district shall not be taxable in any manner by the stateof2 5Iowaor any of its political subdivisions. 2 6 2 7 2 8 2 9 BRENT SIEGRIST 2 10 Speaker of the House 2 11 2 12 2 13 2 14 MARY E. KRAMER 2 15 President of the Senate 2 16 2 17 I hereby certify that this bill originated in the House and 2 18 is known as House File 2027, Seventy-eighth General Assembly. 2 19 2 20 2 21 2 22 ELIZABETH ISAACSON 2 23 Chief Clerk of the House 2 24 Approved , 2000 2 25 2 26 2 27 2 28 THOMAS J. VILSACK 2 29 Governor
Text: HF02026 Text: HF02028 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
© 2000 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@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: Mon Aug 28 13:36:55 CDT 2000
URL: /DOCS/GA/78GA/Legislation/HF/02000/HF02027/000328.html
jhf