House Journal: Page 1360: Monday, April 10, 2000
7 enterprise which disposes of an interest held in
8 violation of this chapter shall be forfeited to the
9 general fund of the state. All court costs and fees
10 shall be paid by the enterprise holding the interest
11 in violation of this chapter.
12 3. The courts of this state may prevent and
13 restrain violations of this chapter through the
14 issuance of an injunction. The attorney general or a
15 county attorney shall institute suits on behalf of the
16 state to prevent and restrain violations of this
17 chapter.
18 Sec. 6. NEW SECTION. 10C.5 REPEAL.
19 Sections 10C.1 through 10C.4 and this section are
20 repealed July 1, 2004.
21 Sec. 7. NEW SECTION. 10C.6 EXISTING LIFE SCIENCE
22 ENTERPRISES.
23 This section applies on and after July 1, 2004.
24 1. a. a life science enterprise may acquire or
25 hold agricultural land, notwithstanding section 10C.5
26 as that section exists in the 2003 Code or 2003 Code
27 Supplement, if all of the following applies:
28 (1) The life science enterprise acquires the
29 agricultural land on or before June 30, 2004.
30 (2) The enterprise acquires or holds the
31 agricultural land pursuant to chapter 10C as that
32 chapter exists in the 2003 Code or 2003 Code
33 Supplement.
34 (3) The economic development board has approved a
35 life science enterprise plan filed on or before June
36 30, 2004 with the board. The enterprise must acquire
37 or hold the agricultural land pursuant to the plan
38 which may be amended at any time and approved by the
39 board pursuant to section 15.104.
40 b. The life science enterprise must file a report
41 with the secretary of state as provided in section
42 10B.4.
43 2. a person who is a successor in interest to a
44 life science enterprise may acquire or hold
45 agricultural land, notwithstanding section 10C.5 as
46 that section exists in the 2003 Code or 2003 Code
47 Supplement, if all of the following applies:
48 a. The person meets the qualifications of a life
49 science enterprise and acquires or holds the
50 agricultural land as provided in chapter 10C as that
Page 4
1 chapter exists in the 2003 Code or 2003 Code
2 Supplement.
3 b. The person acquires or holds the agricultural
4 land according to the life science enterprise plan
5 filed by the person's predecessor in interest and
© 2000 Cornell College and
League of Women Voters of Iowa
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