Text: HF02583 Text: HF02585 Text: HF02500 - HF02599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. IOWA HOUSING CORPORATION – DISSOLUTION PLAN.
1 2 On or before May 1, 2000, the Iowa finance authority, with the
1 3 advice of the attorney general's office, shall develop and
1 4 finalize a plan to wind down the affairs of the Iowa housing
1 5 corporation and dissolve the Iowa housing corporation
1 6 consistent with the provisions of chapter 504A. A copy of the
1 7 plan shall be delivered to members of the legislative council
1 8 and members of the executive council. Implementation of the
1 9 plan shall commence immediately upon the delivery of the
1 10 written plan to the legislative council and executive council
1 11 members.
1 12 Sec. 2. Sections 16.5A and 16.5B, Code 1999, are repealed.
1 13 Sec. 3. EFFECTIVE DATE. This Act, being deemed of
1 14 immediate importance, takes effect upon enactment.
1 15 EXPLANATION
1 16 This bill provides that, on or before May 1, 2000, the Iowa
1 17 finance authority, with the advice of the attorney general's
1 18 office, shall develop and finalize a plan to wind down the
1 19 affairs of the Iowa housing corporation. The bill provides
1 20 that a copy of the plan shall be delivered to the members of
1 21 the legislative council and the executive council. The bill
1 22 provides that the plan shall be implemented upon the delivery
1 23 of the written plan to the legislative council and the
1 24 executive council members.
1 25 The bill repeals Code sections 16.5A and 16.5B relating to
1 26 reporting requirements for the Iowa housing corporation,
1 27 conflict of interest requirements for the Iowa housing
1 28 corporation, and the Iowa housing corporation board of
1 29 directors.
1 30 The bill takes effect upon enactment.
1 31 LSB 7318YH 78
1 32 tm/cf/24
Text: HF02583 Text: HF02585 Text: HF02500 - HF02599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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