Text: HF02373 Text: HF02375 Text: HF02300 - HF02399 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. REVERSION OF STATE MONEYS. Any moneys received
1 2 from the Iowa finance authority by a nonprofit corporation
1 3 created by or in association with the authority since January
1 4 1, 1989, which are not otherwise encumbered due to an
1 5 obligation incurred or created prior to June 30, 2000, shall
1 6 revert to the authority on June 30, 2000, and shall be used by
1 7 the authority for purposes of providing low-income housing
1 8 assistance. If a portion of the moneys received by the
1 9 nonprofit corporation is encumbered on June 30, 2000, but the
1 10 obligation or encumbrance subsequently terminates or ceases,
1 11 those moneys shall also revert to the authority as they become
1 12 unencumbered.
1 13 Sec. 2. INVESTIGATION. The division of criminal
1 14 investigation of the department of public safety shall
1 15 investigate and examine any compensation and benefits received
1 16 by the president or employees of the Iowa housing corporation
1 17 since 1991 which is for service related to applications
1 18 submitted to any state or local governmental entity for
1 19 funding or tax credits for housing projects and that is in
1 20 addition to any salary and compensation received by the
1 21 president and employees from the Iowa housing corporation.
1 22 The division of criminal investigation shall retain the
1 23 assistance of an accountant, as necessary, to audit and
1 24 analyze any information obtained. Notwithstanding other
1 25 provisions of law, a report of this investigation shall be
1 26 furnished to the governor, the auditor of state, and the
1 27 attorney general and a report of this investigation regarding
1 28 civil matters may be furnished to the Iowa finance authority.
1 29 This section shall not preclude or prevent any other
1 30 investigative rights or duties of another person, as defined
1 31 by section 4.1, into the same or related matters.
1 32 Sec. 3. EFFECTIVE DATE. This Act, being deemed of
1 33 immediate importance, takes effect upon enactment.
1 34 HF 2374
1 35 tm/jg/25
Text: HF02373 Text: HF02375 Text: HF02300 - HF02399 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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