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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