Text: SF00177 Text: SF00179 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 466.8, subsection 2, Code 2003, is 1 2 amended to read as follows: 1 3 2. The department may make and execute agreements with 1 4 public or private entities, including lending institutions as1 5defined in section 12.32,as required to administer the 1 6 program. 1 7 Sec. 2. Sections 12.31 through 12.43B, Code 2003, are 1 8 repealed. 1 9 Sec. 3. Section 15.204, Code 2003, is repealed. 1 10 Sec. 4. CONTINUATION OF CURRENT AGREEMENTS. This Act 1 11 shall not affect the terms or conditions of an investment 1 12 agreement executed by the treasurer of state with an eligible 1 13 lending institution that is in effect before the effective 1 14 date of this Act. This Act shall not affect the terms or 1 15 conditions of a loan agreement executed by an eligible lending 1 16 institution with an eligible borrower that is in effect before 1 17 the effective date of this Act. 1 18 EXPLANATION 1 19 This bill repeals the linked investments for tomorrow Act 1 20 in Code chapter 12, which allows the treasurer of state to 1 21 invest moneys of the state pooled money fund in certificates 1 22 of deposit in eligible lending institutions. The state 1 23 receives a lower interest rate as part of an investment 1 24 agreement in which the lending institution loans moneys to 1 25 eligible persons, under programs specified in the chapter, at 1 26 a reduced rate of interest. 1 27 The bill makes conforming amendments. 1 28 The bill provides that the bill would not affect the terms 1 29 or conditions of an investment agreement executed by the 1 30 treasurer of state with an eligible lending institution that 1 31 is in effect before the effective date of the bill. The bill 1 32 provides that the bill would not affect the terms or 1 33 conditions of a loan agreement executed by an eligible lending 1 34 institution with an eligible borrower that is in effect before 1 35 the effective date of the bill. 2 1 LSB 2451SS 80 2 2 tm/sh/8
Text: SF00177 Text: SF00179 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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