Text: HF00693 Text: HF00695 Text: HF00600 - HF00699 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 HOUSE FILE 694
1 2
1 3 AN ACT
1 4 RELATING TO HOUSING BY CREATING A HOUSING TRUST FUND AND A
1 5 HOUSING TRUST COMMISSION.
1 6
1 7 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
1 8
1 9 Section 1. NEW SECTION. 16.181 HOUSING TRUST FUND.
1 10 A housing trust fund is created in the state treasury. The
1 11 fund shall be administered jointly by the Iowa finance
1 12 authority and the department of economic development. Moneys
1 13 in the fund are annually appropriated to the Iowa finance
1 14 authority and the department of economic development. Moneys
1 15 in the fund shall be used for any housing-related program
1 16 administered by the Iowa finance authority and the department
1 17 of economic development. Payments of interest, repayments of
1 18 moneys loaned pursuant to this chapter, and recaptures of
1 19 grants or loans shall be deposited in the fund. Moneys in the
1 20 fund are not subject to section 8.33. Notwithstanding section
1 21 12C.7, subsection 2, interest or earnings on moneys in the
1 22 fund shall be credited to the fund.
1 23 Sec. 2. NEW SECTION. 16.182 HOUSING TRUST COMMISSION.
1 24 1. A housing trust commission is established consisting of
1 25 nine members. The Iowa finance authority shall provide office
1 26 space, staff assistance, and necessary supplies and equipment
1 27 for the commission. In performing its functions, the
1 28 commission is performing a public function on behalf of the
1 29 state and is a public instrumentality of the state.
1 30 2. The membership of the commission shall be appointed as
1 31 follows:
1 32 a. One representative of a city with a population of less
1 33 than five thousand.
1 34 b. One representative of a city with a population of
1 35 seventy-five thousand or more.
2 1 c. One representative of a county with a population of
2 2 less than twenty-five thousand.
2 3 d. One representative of a county with a population of one
2 4 hundred thousand or more.
2 5 e. One person with expertise in the area of mortgages and
2 6 lending.
2 7 f. One person with expertise as a housing developer.
2 8 g. One person with expertise in working with low-income
2 9 housing issues with a nonprofit organization.
2 10 h. One person with expertise in economic development
2 11 issues.
2 12 i. One member of the general public.
2 13 3. All appointments shall be made by the governor, shall
2 14 comply with sections 69.16 and 69.16A, and shall be subject to
2 15 confirmation by the senate pursuant to section 2.32. All
2 16 appointed members of the commission shall have demonstrable
2 17 expertise or expertise in housing-related issues.
2 18 4. The members of the commission shall select a
2 19 chairperson and vice chairperson from their membership.
2 20 5. Commission members shall be appointed to three-year
2 21 staggered terms and the terms shall commence and end as
2 22 provided by section 69.19. A member shall not serve more than
2 23 two terms. If a vacancy occurs, a successor shall be
2 24 appointed to serve the unexpired term. A successor shall be
2 25 appointed in the same manner and subject to the same
2 26 qualifications as the original appointment to serve the
2 27 unexpired term. Commission members shall be eligible to
2 28 receive compensation as provided in section 7E.6.
2 29 6. A majority of the commission constitutes a quorum.
2 30 7. By January 1 of each year, the commission shall submit
2 31 an annual written report to the general assembly and the
2 32 governor regarding, at a minimum, the activities of the
2 33 commission and any recommendations regarding legislation.
2 34 Sec. 3. NEW SECTION. 16.183 REPEAL.
2 35 Section 16.182 is repealed on June 30, 2004.
3 1 Sec. 4. RECOMMENDATIONS AND IMPLEMENTATION. By January 1,
3 2 2002, the housing trust commission, in cooperation with the
3 3 Iowa finance authority, the department of economic
3 4 development, the attorney general, and the department of
3 5 public health, shall submit an interim progress report to the
3 6 general assembly and the governor which shall include
3 7 preliminary findings regarding the implementation of the
3 8 consolidation of all housing programs under one agency. By
3 9 January 1, 2003, the housing trust commission, in cooperation
3 10 with the Iowa finance authority, the department of economic
3 11 development, the attorney general, and the department of
3 12 public health, shall submit a final report to the general
3 13 assembly and the governor which shall include the final
3 14 findings and recommendations for the implementation of the
3 15 consolidation of all housing programs under one agency.
3 16
3 17
3 18
3 19 BRENT SIEGRIST
3 20 Speaker of the House
3 21
3 22
3 23
3 24 MARY E. KRAMER
3 25 President of the Senate
3 26
3 27 I hereby certify that this bill originated in the House and
3 28 is known as House File 694, Seventy-ninth General Assembly.
3 29
3 30
3 31
3 32 MARGARET THOMSON
3 33 Chief Clerk of the House
3 34 Approved , 2001
3 35
4 1
4 2
4 3 THOMAS J. VILSACK
4 4 Governor
Text: HF00693 Text: HF00695 Text: HF00600 - HF00699 Text: HF Index Bills and Amendments: General Index Bill History: General Index
© 2001 Cornell College and League of Women Voters of Iowa
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