House Journal: Page 42: Tuesday, June 19, 2001
27 AGENCY - AUTHORITY - CONFLICTING PROVISIONS.
28 1. In addition to any powers conferred upon an
29 electric power agency under chapter 28F or other
30 applicable law, an electric power agency may exercise
31 all other powers reasonably necessary or appropriate
32 for or incidental to the effectuation of the electric
33 power agency's authorized purposes, including without
34 limitation, the powers enumerated in chapters 6A and
35 6B for purposes of constructing or acquiring an
36 electric power facility.
37 2. An electric power agency, in connection with
38 its property and affairs, and in connection with
39 property within its control, may exercise any and all
40 powers that might be exercised by a natural person or
41 a private corporation in connection with similar
42 property and affairs.
43 3. The enumeration of specified powers and
44 functions of an electric power agency in this
45 subchapter is not a limitation of the powers of an
46 electric power agency, but the procedures prescribed
47 for exercising the powers and functions enumerated in
48 this subchapter control and govern in the event of any
49 conflict with any other provision of law.
50 4. The authority conferred pursuant to this
Page 11
1 subchapter applies to electric power agencies,
2 notwithstanding any contrary provisions of section
3 28F.1.
4 Sec. 20. NEW SECTION. 476A.23 ISSUANCE OF PUBLIC
5 BONDS OR OBLIGATIONS - PURPOSES - LIMITATIONS.
6 1. An electric power agency may from time to time
7 issue its public bonds or obligations in such
8 principal amounts as the electric power agency deems
9 necessary to provide sufficient funds to carry out any
10 of its purposes and powers, including but not limited
11 to any of the following:
12 a. The acquisition or construction of any project
13 to be owned or leased by the electric power agency, or
14 the acquisition of any interest in such project or any
15 right to the capacity of such project, including the
16 acquisition, construction, or acquisition of any
17 interest in an electric power generating plant to be
18 constructed in this state, or the acquisition,
19 construction, or acquisition of any interest in a
20 transmission line or system.
21 b. The funding or refunding of the principal of,
22 or interest or redemption premiums on, any public
23 bonds or obligations issued by the electric power
24 agency whether or not the public bonds or obligations
25 or interest to be funded or refunded have become due.
© 2001 Cornell College and
League of Women Voters of Iowa
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