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House Study Bill 9

Bill Text

PAG LIN
  1  1    Section 1.  Section 331.605, Code 2001, is amended by
  1  2 adding the following new subsection:
  1  3    NEW SUBSECTION.  6A.  A technology fee of five dollars for
  1  4 each recorded transaction for which a fee is paid pursuant to
  1  5 section 331.604.  The technology fee shall be used exclusively
  1  6 for the purpose of implementing the requirements of chapter
  1  7 554D in the county.  
  1  8                           EXPLANATION
  1  9    This bill directs the county recorder to collect a
  1 10 technology fee of $5 for each recorded transaction for which a
  1 11 general recording and filing fee is collected.  The technology
  1 12 fee is imposed to pay the costs of establishing an electronic
  1 13 transactions and recording system for the county pursuant to
  1 14 the "Uniform Electronic Transaction Act" which was enacted by
  1 15 the general assembly in 2000.  
  1 16 LSB 1556HC 79
  1 17 tj/pj/5
     

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