House Journal: Page 1663: Thursday, April 20, 2000
4 system, or by facsimile transmission to a location
5 deemed appropriate by the governing body, in each
6 instance as may be approved by the governing body and
7 provided for in the notice of sale. An electronic bid
8 shall be submitted in substantial conformity with the
9 requirements of chapter 554D and any rules adopted
10 pursuant to that chapter with respect to the
11 acceptance of electronic records by a governmental
12 agency. Additionally, before approving the use of an
13 electronic bidding procedure, the public body shall
14 find and determine that the specific procedure to be
15 used will provide reasonable security and maintain the
16 integrity of the competitive bidding process, and
17 facilitate the delivery of bids by interested parties
18 under the circumstances of the particular sale.
19 Sec. ___. ADVISORY COMMITTEE CREATED. An advisory
20 committee is created to study issues associated with
21 the electronic filing, recording, and indexing of
22 instruments affecting real property pursuant to
23 chapter 558, and the electronic use of real property
24 disclosures required pursuant to chapter 558A. The
25 advisory committee shall consider matters relating to
26 the facilitation of electronic filing, recording, and
27 indexing of instruments affecting real property. The
28 advisory committee may consider matters including, but
29 not limited to, access to electronic transactions,
30 reliability and security, storage of records, training
31 of public officials, conversion from a paper recording
32 system to an electronic system, and other issues as
33 are necessary and appropriate with respect to
34 establishing a statewide uniform electronic filing
35 system for real property transactions. The membership
36 of the advisory committee shall be appointed by the
37 legislative council and shall include, but is not
38 limited to, representatives of the Iowa county
39 recorders association, the Iowa state bar association,
40 the Iowa state association of counties, Iowa title
41 guaranty, the Iowa land title association, the Iowa
42 bankers association, the Iowa independent bankers
43 association, the Iowa association of realtors, the
44 Iowa mortgage bankers association, and the office of
45 the attorney general. The advisory committee shall
46 provide an initial written report, including any
47 recommendations, to the general assembly by no later
48 than January 20, 2001. Such report shall include a
49 recommendation for the initiation of a pilot program
50 for electronic land transfers, including a date
Page 4
1 certain by which such program may be initiated and the
2 cost of such pilot program. The advisory committee
© 2000 Cornell College and
League of Women Voters of Iowa
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