House Journal: Page 1629: Wednesday, April 19, 2000
3 holders, are fully met and discharged. The treasurer
4 of state is authorized to include this pledge and
5 agreement of the state, as it refers to holders of
6 bonds or notes of the authority, in a contract with
7 the holders.
8 Sec. . NEW SECTION. 12.84 LIMITATIONS.
9 Bonds or notes issued pursuant to section 12.81 are
10 not debts of the state, or of any political
11 subdivision of the state and do not constitute a
12 pledge of the faith and credit of the state or a
13 charge against the general credit or general fund of
14 the state. The issuance of any bonds or notes
15 pursuant to section 12.81 by the treasurer of state
16 does not directly, indirectly, or contingently
17 obligate the state or a political subdivision of the
18 state to apply moneys from, or to levy or pledge any
19 form of taxation whatever to, the payment of the bonds
20 or notes. Bonds and notes issued under section 12.81
21 are payable solely and only from the sources and
22 special fund provided in section 12.82. Expenses
23 incurred in carrying out sections 12.81 through 12.83,
24 this section, and section 12.85 are payable solely
25 from funds available under those sections.
26 Sec. . NEW SECTION. 12.85 CONSTRUCTION.
27 Sections 12.81 through 12.84, being necessary for
28 the welfare of this state and its inhabitants, shall
29 be liberally construed to effect its purposes."
30 5. Page 17, line 24, by striking the figure
31 "292.3", and inserting the following: "12.82".
32 6. Page 22, by striking lines 7 and 8 and
33 inserting the following: "requirement. The program
34 shall provide grants in an amount of not more than ten
35 million dollars during the fiscal year beginning July
36 1, 2000, not more than twenty million dollars during
37 the fiscal year beginning July 1, 2001, and not more
38 than twenty million dollars during the fiscal year
39 beginning July 1, 2002."
40 7. Page 23, by striking lines 8 through 16.
41 8. By renumbering, relettering, or redesignating
42 and correcting internal references as necessary.
The House stood at ease at 1:30 p.m., until the fall of the gavel.
The House resumed session at 1:32 p.m., Speaker Siegrist in the
chair.
The House resumed consideration of House File 2577 and amend-
ment H-8969.
On motion by Teig of Hamilton, amendment H-8969 was adopted.
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League of Women Voters of Iowa
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