House Journal: Page 2006: Tuesday, May 8, 2001
19 and furnishing or installing equipment under one
20 contract, or for parts thereof in separate sections.
21 2. BID SECURITY. The amount of bid security must
22 be fixed by the public organization prior to ordering
23 publication of the notice to bidders and must equal at
24 least five percent, but may not exceed ten percent of
25 either the estimated total contract cost of the
26 construction portion of the project, or the amount of
27 each bid.
28 3. AWARD OF CONTRACT. The contract for the
29 construction portion of the project must be awarded to
30 the lowest responsible bidder. This subsection shall
31 not be construed to prohibit a public organization in
32 the award of a contract for the construction portion
33 of a project from providing, an enhancement of
34 payments upon early completion of the construction
35 portion of the project if the availability of the
36 enhancement payments is included in the notice to
37 bidders, the enhancement payments are competitively
38 neutral to potential bidders, and the total value of
39 the enhancement payments does not exceed ten percent
40 of the value of the contract.
41 Sec. 110. Section 15F.304, subsection 4, Code
42 2001, is amended to read as follows:
43 4. Upon review of the recommendations of the
44 review committee, the board shall approve, defer, or
45 deny the applications. If an application is approved,
46 the board may enter into an agreement with the
47 applicant to provide financial assistance authorized
48 under section 15F.302.
49 Sec. 111. Section 99E.10, Code 2001, is amended by
50 adding the following subsection:
Page 14
1 NEW SUBSECTION. 3. a. Notwithstanding subsection
2 1, if gaming revenues under sections 99D.17 and 99F.11
3 are insufficient in a fiscal year to meet the total
4 amount of such revenues directed to be deposited in
5 the vision Iowa fund and the school infrastructure
6 fund during the fiscal year pursuant to section 8.57,
7 subsection 5, paragraph "e", the difference shall be
8 paid from lottery revenues prior to deposit of the
9 lottery revenues in the general fund. If lottery
10 revenues are insufficient during the fiscal year to
11 pay the difference, the remaining difference shall be
12 paid from lottery revenues in subsequent fiscal years
13 as such revenues become available.
14 b. The treasurer of state shall, each quarter,
15 prepare an estimate of the gaming revenues and lottery
16 revenues that will become available during the
17 remainder of the appropriate fiscal year for the
© 2001 Cornell College and
League of Women Voters of Iowa
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