House Journal: Page 608: Wednesday, March 8, 2000
31 as that section exists in the 2003 Code or 2003 Code
32 Supplement, if all of the following applies:
33 (1) The enterprise acquires or holds the
34 agricultural land pursuant to chapter 10C as that
35 chapter exists in the 2003 Code or 2003 Code
36 Supplement.
37 (2) The economic development board has approved a
38 life science enterprise plan filed on or before June
39 30, 2004 with the board. The enterprise must acquire
40 or hold the agricultural land pursuant to the plan
41 which may be amended at any time and approved by the
42 board pursuant to section 15.104.
43 b. The life science enterprise must file a report
44 with the secretary of state as provided in section
45 10B.4.
46 2. a person who is a successor in interest to a
47 life science enterprise may acquire or hold
48 agricultural land, notwithstanding section 10C.5 as
49 that section exists in the 2003 Code or 2003 Code
50 Supplement, if all of the following applies:
Page 2
1 a. The person meets the qualifications of a life
2 science enterprise and acquires or holds the
3 agricultural land as provided in chapter 10C as that
4 chapter exists in the 2003 Code or 2003 Code
5 Supplement.
6 b. The person acquires or holds the agricultural
7 land according to the life science enterprise plan
8 filed by the person's predecessor in interest and
9 approved by the economic development board. The plan
10 may be amended at any time and approved by the board
11 pursuant to section 15.104.
12 c. The person has filed a notice with the economic
13 development board as required by the board. The
14 notice shall state that the person is a successor in
15 interest. The notice must be filed with the board
16 within thirty days following the person's acquisition
17 of the interest.
18 d. The person must file a report as a life science
19 enterprise with the secretary of state as provided in
20 section 10B.4.
21 Sec. . Section 15.104, Code 1999, is amended by
22 adding the following new subsection:
23 NEW SUBSECTION. 4A. Review and approve a life
24 science enterprise plan or amendments to that plan as
25 provided in chapter 10C as that chapter exists on or
26 before June 30, 2004. The plan or amendments shall be
27 submitted by a life science enterprise as provided by
28 the board. The plan and shall include information
29 regarding the life science enterprise as required by
© 2000 Cornell College and
League of Women Voters of Iowa
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