Text: S05285 Text: S05287 Text: S05200 - S05299 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 2491, as amended, passed, and 1 2 reprinted by the House, as follows: 1 3 #1. By striking everything after the enacting 1 4 clause and inserting the following: 1 5 "Section 1. Section 10B.4, subsection 2, Code 1 6 1999, is amended by adding the following new 1 7 paragraph: 1 8 NEW PARAGRAPH. g. If the reporting entity is a 1 9 life science enterprise, as provided in chapter 10C, 1 10 as that chapter exists on or before June 30, 2004, the 1 11 total amount of commercial sale of life science 1 12 products and products other than life science products 1 13 which are produced from the agricultural land held by 1 14 the life science enterprise. 1 15 Sec. 2. NEW SECTION. 10C.1 DEFINITIONS. 1 16 1. "Actively engaged in farming" means the same as 1 17 defined in section 10.1. 1 18 2. "Agricultural commodity" means the same as 1 19 defined in section 190C.1. 1 20 3. "Agricultural land" means land suitable for use 1 21 in farming as defined in section 9H.1. 1 22 4. "Animal" means a creature belonging to the 1 23 bovine, caprine, equine, ovine, or porcine species. 1 24 5. "Corporation" means a domestic or foreign 1 25 corporation subject to chapter 490, a nonprofit 1 26 corporation, or a cooperative. 1 27 6. "Economic development board" or "board" means 1 28 the economic development board created pursuant to 1 29 section 15.103. 1 30 7. "Family farm entity" means the same as defined 1 31 in section 10.1. 1 32 8. "Life science enterprise" or "enterprise" means 1 33 a corporation or limited liability company organized 1 34 for the purpose of using biotechnological systems or 1 35 techniques for the production of life science 1 36 products. 1 37 9. "Life science product" or "product" means a 1 38 product derived from an animal by using 1 39 biotechnological systems or techniques and which 1 40 includes only the following: 1 41 a. Embryos or oocytes for use in animal 1 42 implantation. 1 43 b. Blood, milk, or urine for use in the 1 44 manufacture of pharmaceuticals or nutriceuticals. 1 45 c. Cells, tissue, or organs for use in animal or 1 46 human transplantation. 1 47 10. "Limited liability company" means a limited 1 48 liability company as defined in section 490A.102. 1 49 Sec. 3. NEW SECTION. 10C.2 PURPOSE. 1 50 The purpose of this chapter is to promote economic 2 1 growth in this state during this period of 2 2 revolutionary technological advancement in animal and 2 3 human health sciences, by providing for the 2 4 development of industries unrelated to traditional 2 5 farming, but devoted to the production of life science 2 6 products derived from animals. 2 7 Sec. 4. NEW SECTION. 10C.3 ENTERPRISES ENGAGED 2 8 IN THE CREATION AND DEVELOPMENT OF LIFE SCIENCE 2 9 PRODUCTS PROHIBITION AND EXCEPTIONS. 2 10 Notwithstanding any other provision of law, a life 2 11 science enterprise may acquire or hold an ownership or 2 12 leasehold interest in agricultural land, if the 2 13 economic development board approves a life science 2 14 enterprise plan as provided in section 15.104. A life 2 15 science enterprise must acquire or hold the 2 16 agricultural land pursuant to the plan which may be 2 17 amended as provided by the board. However, the life 2 18 science enterprise shall not hold a total of more than 2 19 three hundred twenty acres of agricultural land. The 2 20 life science enterprise shall hold the land only for 2 21 purposes of producing life science products according 2 22 to the life science enterprise plan. The life science 2 23 enterprise may hold the interest in the agricultural 2 24 land, as provided in the plan, for as long as 2 25 commercial sales of products produced from the 2 26 agricultural land are subject to the following: 2 27 1. The sale of life science products must equal at 2 28 least seventy-five percent of commercial sales of all 2 29 products produced from the agricultural land during 2 30 any year that the life science enterprise is required 2 31 to report under section 10B.4. 2 32 2. The sale of products other than life science 2 33 products must equal not more than twenty-five percent 2 34 of commercial sales of all products produced from the 2 35 agricultural land during any year that the life 2 36 science enterprise is required to report under section 2 37 10B.4. 2 38 Sec. 5. NEW SECTION. 10C.4 ENFORCEMENT 2 39 PENALTIES. 2 40 1. The office of attorney general or a county 2 41 attorney shall enforce the provisions of this chapter. 2 42 2. A life science enterprise violating this 2 43 chapter shall be assessed a civil penalty of not more 2 44 than twenty-five thousand dollars. Each day that a 2 45 violation exists shall constitute a separate offense. 2 46 In addition, the life science enterprise shall divest 2 47 itself of any land held in violation of this chapter 2 48 within one year after judgment. The court may 2 49 determine the method of divesting an interest held by 2 50 a life science enterprise found to be in violation of 3 1 this chapter. A financial gain realized by the 3 2 enterprise which disposes of an interest held in 3 3 violation of this chapter shall be forfeited to the 3 4 general fund of the state. All court costs and fees 3 5 shall be paid by the enterprise holding the interest 3 6 in violation of this chapter. 3 7 3. The courts of this state may prevent and 3 8 restrain violations of this chapter through the 3 9 issuance of an injunction. The attorney general or a 3 10 county attorney shall institute suits on behalf of the 3 11 state to prevent and restrain violations of this 3 12 chapter. 3 13 Sec. 6. NEW SECTION. 10C.5 REPEAL. 3 14 Sections 10C.1 through 10C.4 and this section are 3 15 repealed July 1, 2004. 3 16 Sec. 7. NEW SECTION. 10C.6 EXISTING LIFE SCIENCE 3 17 ENTERPRISES. 3 18 This section applies on and after July 1, 2004. 3 19 1. a. A life science enterprise may acquire or 3 20 hold agricultural land, notwithstanding section 10C.5 3 21 as that section exists in the 2003 Code or 2003 Code 3 22 Supplement, if all of the following applies: 3 23 (1) The life science enterprise acquires the 3 24 agricultural land on or before June 30, 2004. 3 25 (2) The enterprise acquires or holds the 3 26 agricultural land pursuant to chapter 10C as that 3 27 chapter exists in the 2003 Code or 2003 Code 3 28 Supplement. 3 29 (3) The economic development board has approved a 3 30 life science enterprise plan filed on or before June 3 31 30, 2004 with the board. The enterprise must acquire 3 32 or hold the agricultural land pursuant to the plan 3 33 which may be amended at any time and approved by the 3 34 board pursuant to section 15.104. 3 35 b. The life science enterprise must file a report 3 36 with the secretary of state as provided in section 3 37 10B.4. 3 38 2. A person who is a successor in interest to a 3 39 life science enterprise may acquire or hold 3 40 agricultural land, notwithstanding section 10C.5 as 3 41 that section exists in the 2003 Code or 2003 Code 3 42 Supplement, if all of the following applies: 3 43 a. The person meets the qualifications of a life 3 44 science enterprise and acquires or holds the 3 45 agricultural land as provided in chapter 10C as that 3 46 chapter exists in the 2003 Code or 2003 Code 3 47 Supplement. 3 48 b. The person acquires or holds the agricultural 3 49 land according to the life science enterprise plan 3 50 filed by the person's predecessor in interest and 4 1 approved by the economic development board. The plan 4 2 may be amended at any time and approved by the board 4 3 pursuant to section 15.104. 4 4 c. The person has filed a notice with the economic 4 5 development board as required by the board. The 4 6 notice shall state that the person is a successor in 4 7 interest. The notice must be filed with the board 4 8 within thirty days following the person's acquisition 4 9 of the interest. 4 10 d. The person must file a report as a life science 4 11 enterprise with the secretary of state as provided in 4 12 section 10B.4. 4 13 Sec. 8. Section 15.104, Code 1999, is amended by 4 14 adding the following new subsection: 4 15 NEW SUBSECTION. 4A. Review and approve or 4 16 disapprove a life science enterprise plan or 4 17 amendments to that plan as provided in chapter 10C as 4 18 that chapter exists on or before June 30, 2004, and 4 19 according to rules adopted by the board. A life 4 20 science plan shall make a reasonable effort to provide 4 21 for participation by persons who are individuals or 4 22 family farm entities actively engaged in farming as 4 23 defined in section 10.1. The persons may participate 4 24 in the life science enterprise by holding an equity 4 25 position in the life science enterprise or providing 4 26 goods or service to the enterprise under contract. 4 27 The plan must be filed with the board not later than 4 28 June 30, 2004. The life science enterprise may file 4 29 an amendment to a plan at any time. A life science 4 30 enterprise is not eligible to file a plan, unless the 4 31 life science enterprise files a notice with the board. 4 32 The notice shall be a simple statement indicating that 4 33 the life science enterprise may file a plan as 4 34 provided in this section. The notice must be filed 4 35 with the board within thirty days from the effective 4 36 date of this Act. The notice, plan, or amendments 4 37 shall be submitted by a life science enterprise as 4 38 provided by the board. The board shall consult with 4 39 the department of agriculture and land stewardship 4 40 during its review of a life science plan or amendments 4 41 to that plan. The plan shall include information 4 42 regarding the life science enterprise as required by 4 43 rules adopted by the board, including but not limited 4 44 to all of the following: 4 45 a. A description of life science products to be 4 46 developed by the enterprise. 4 47 b. The time frame required by the enterprise to 4 48 develop the life science products. 4 49 c. The amount of capital investment required by 4 50 the enterprise to develop the life science products. 5 1 d. The number of acres of land required to produce 5 2 the life science products. 5 3 e. The type and extent of participation in the 5 4 life science enterprise by persons who are individuals 5 5 or family farm entities. If the plan does not provide 5 6 for participation or minimal participation, the plan 5 7 shall include a detailed explanation of the reasonable 5 8 effort made by the life science enterprise to provide 5 9 for participation. 5 10 Sec. 9. DIRECTIONS TO CODE EDITOR. The Code 5 11 editor may transfer section 10C.6 to another chapter 5 12 in the 2005 Code, and correct internal references as 5 13 necessary in order to enhance the readability of the 5 14 Code. 5 15 Sec. 10. EFFECTIVE DATE. This Act, being deemed 5 16 of immediate importance, takes effect upon enactment." 5 17 5 18 5 19 5 20 KEN VEENSTRA 5 21 JOHN P. KIBBIE 5 22 HF 2491.210 78 5 23 da/gg
Text: S05285 Text: S05287 Text: S05200 - S05299 Text: S Index Bills and Amendments: General Index Bill History: General Index
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