House Journal: Page 1388: Monday, April 19, 1999

CONSIDERATION OF BILLS

Ways and Means Calendar
House File 767, a bill for an act relating to certified capital 
companies and providing for a certified capital company insurance 
premium tax credit, was taken up for consideration.
The House stood at ease at 1:36 p.m., until the fall of the gavel.
The House resumed session at 2:55 p.m., Carroll of Poweshiek in 
the chair.
Frevert of Palo Alto offered amendment H?1636 filed by her as 
follows:
H-1636
 1     Amend House File 767 as follows:
 2     1.  Page 1, by inserting before line 1 the
 3   following:
 4     "Sec. 100.  Section 12.34, Code 1999, is amended to
 5   read as follows:
 6     12.34  LINKED INVESTMENTS - LIMITATIONS - RULES
 7   - MATURITY AND RENEWAL OF CERTIFICATES.
 8     1.  The treasurer of state may invest up to the
 9   lesser of sixty-eight one hundred fifty million
10   dollars or ten percent of the balance of the state
11   pooled money fund in certificates of deposit in
12   eligible lending institutions pursuant to as provided
13   in this division. The moneys invested pursuant to
14   this section shall be used as follows:
15     a.  The treasurer of state may invest the first
16   sixty-eight million dollars to support programs
17   provided in this division other than the emergency
18   assistance linked deposit program for swine or cattle
19   producers provided in section 12.43A.
20     b.  The treasurer of state shall invest the
21   remaining amount to support the emergency assistance
22   linked deposit program for swine or cattle producers
23   as provided in section 12.43A.  The treasurer of state
24   shall not make the investment unless a market
25   emergency exists.  If a market emergency exists, the
26   treasurer of state shall make the investment
27   immediately.  For purposes of this paragraph, a market
28   emergency exists as follows:
29       (1)  For swine, a market emergency exists when the
30   market price paid in this state and southern Minnesota
31   for swine per hundredweight on a live basis is less

© 1999 Cornell College and League of Women Voters of Iowa

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